On March 26, the US Court of Appeals for the Fourth Circuit issued a decision that has important ramifications for banks and ...

A fugitive jeweller wanted over an alleged $1.8bn fraud case has been arrested in Belgium. Mehul Choksi is sought over one of India's biggest ever bank frauds, which took place seven years ago.

To check cyber fraud through mule accounts, banks are seeking authority to freeze accounts involved in channeling illicit transactions without wasting precious time in seeking permission from ...

Cosby also had the fraudulent checks “sent to intermediary bank accounts that the coconspirators controlled, allowing her to conceal the nature, source, and destination of the fraud proceeds ...

Who Is Mehul Choksi? Fugitive Diamond Tycoon Accused In ₹13,850 Cr PNB Loan Fraud Case, Arrested... Even though banks freeze thousands of such accounts every year, fraudsters quickly open new ...

The bank had appointed PwC to estimate the overall loss, said sources. “The bank has since received the report from the external agency on 15 th April 2025 which has identified discrepancies ...

The bank had ... police filed fraud charges against Choksi, Nirav Modi and others in connection with suspected involvement in fraudulent transactions that led to huge losses for PNB.

BANGKOK: The Bank of Thailand (BoT) plans to introduce regulations this month making financial institutions and payment providers liable for losses from call centre scams. Financial Institutions ...

Believing the job was genuine, she followed instructions to transfer money to multiple bank accounts provided by the scammers. Over time, the victim became so absorbed in the process that she ...

The Department of Work and Pensions (DWP) is set to conduct rigorous checks on claimants who it deems to have too much money in savings. Universal Credit claimants with more than £6,000 in their ...