News & Analysis as of

Scams Fraud Financial Crimes

K2 Integrity

Protect Yourself From Banking Phone Scams

K2 Integrity on

Have you ever received a phone call claiming that your bank account has been compromised? You’re not alone. Banking phone scams are on the rise, and criminals are becoming more convincing by the day....more

Snell & Wilmer

Timeshare Scams in Los Cabos: How They Operate and How to Stay Safe

Snell & Wilmer on

Los Cabos, renowned for its luxury resorts and sun-drenched beaches, has become an increasingly dangerous hotspot for sophisticated timeshare scams that disproportionately target American and Canadian property owners and...more

Hinch Newman LLP

New York Attorney General James Freezes $300,000 in Cryptocurrency Linked to Alleged Scammers Targeting New Yorkers

Hinch Newman LLP on

On June 18, 2025, the New York State Attorney General announced that her office stopped an allegedly fraudulent cryptocurrency investment scam that targeted hundreds of Russian-speaking New Yorkers in Brooklyn and across the...more

StoneTurn

From Snake Oil to Investment Scams: How the Accomplice Became the Rogue Online Influencer

StoneTurn on

The rise of influencer scams, akin to the modern day snake oil salesman, highlights the urgent need for stronger regulatory oversight and increased consumer awareness to combat misinformation and protect the public. In...more

Troutman Pepper Locke

The FTC Shines Its Spotlight on the Top Text Scams of 2024

Troutman Pepper Locke on

As technology advances, so do the tactics of scammers. The Federal Trade Commission (FTC) recently released a data spotlight on the top text scams of 2024, revealing a significant increase in financial losses despite a...more

Holland & Knight LLP

Fourth Circuit Limits Beneficiary Bank Liability in BEC Schemes, Requires Actual Knowledge

Holland & Knight LLP on

Business email compromise (BEC) fraud, driven by technology and increasing sophistication by criminal organizations, has become a major issue for both consumers and financial institutions. According to a September 2024...more

K&L Gates LLP

Combatting Scams in Australia and the United Kingdom

K&L Gates LLP on

In response to the growing threat of financial scams, the Australian Government has passed the Scams Prevention Framework Bill 2025. The Scams Prevention Framework (SPF) imposes a range of obligations on entities operating...more

American Conference Institute (ACI)

[Event] 23rd Annual Canadian Forum on Anti-Money Laundering and Financial Crime - June 5th - 6th, Toronto, Ontario, Canada

Hosted by the Canadian Institute, the 23rd Annual Canadian Forum on Anti-Money Laundering and Financial Crime returns for another exciting year. The event features carefully curated programming providing practical guidance...more

BCLP

Play Safe - How scam-proof are you in the new world of mandatory reimbursement for APP fraud?

BCLP on

Imagine this – a customer submits a payment instruction directing that all their life savings are transferred to a third-party account for the purposes of an investment. What do you do? While the scenario may appear...more

Orrick, Herrington & Sutcliffe LLP

INTERPOL seizes $300 million in international financial crime operation

On December 19, INTERPOL announced the conclusion of a transcontinental police operation against online financial crime called HAECHI IV. The operation ended with around 3,500 arrests and seizures of $300 million USD worth of...more

Cozen O'Connor

Be My Valentine (Send Me $$$)!

Cozen O'Connor on

The FTC released new data showing the rising prevalence of romance scams and the financial toll these scams take on consumers....more

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