Tagged: financial crime

May 9, 2026 @ 1:17 am By Tony Zerucha  |  

FIS is working with Anthropic to bring agentic AI to banking, beginning with the Financial Crimes AI Agent. The agent will compress anti-money-laundering investigations from hours to minutes, automatically assembling evidence across a bank’s core systems, evaluating activity against known typologies, and surfacing the highest-risk… Read More

March 9, 2026 @ 9:00 am By Omar Faridi  |  

The Financial Action Task Force (FATF) has released a sharply focused new analysis spotlighting how criminals are increasingly turning to stablecoins for illicit financial activities, especially through direct peer-to-peer transfers using unhosted digital wallets. Released in Paris on 3 March 2026, the report urges governments… Read More

March 4, 2026 @ 8:15 am By Omar Faridi  |  

The UK’s economy demonstrated modest resilience in 2025, with gross domestic product expanding by 1.3% for the year, surpassing earlier projections and improving slightly from the previous year’s 1.1%. UK Finance indicated that this uptick was fueled by increases in consumer and public expenditures, alongside… Read More

February 22, 2026 @ 2:35 pm By Omar Faridi  |  

The Federal Bureau of Investigations (FBI) has issued a stark warning about a dramatic rise in ATM jackpotting attacks, a sophisticated form of cyber-enabled theft that allows criminals to force automated teller machines to dispense large sums of cash without any legitimate transaction. In a… Read More

January 3, 2026 @ 1:23 pm By Omar Faridi  |  

European digital assets platform Bitpanda has released an update that examines the facts around “illicit crypto use” while also challenging prevailing narratives about cryptocurrency’s role in money laundering, terrorist financing, and sanctions evasion. As authorities like the European Anti-Money Laundering Authority (AMLA) and the Financial… Read More

December 21, 2025 @ 1:33 pm By Omar Faridi  |  

As this year finally comes to a close, TRM Labs is reflecting on the impact their customers have had — from exposing exploitation and fraud, to dismantling various violent criminal networks, to disrupting money laundering networks, to recovering stolen funds for unsuspecting victims. TRM Labs… Read More

December 19, 2025 @ 3:54 pm By Tony Zerucha  |  

Sutherland and ComplyAdvantage have united to develop an AI-driven financial crime management solution designed to help banks and fintechs respond to the rapid rise of AI-designed fraud, complex AML risks, fast-evolving financial crime threats, and complex compliance requirements. Today, financial crime requires sophisticated, AI-intelligence-based solutions,… Read More

December 6, 2025 @ 11:08 am By Omar Faridi  |  

UK Finance Chief Executive David Postings shared key insights at the Economic Crime Congress 2025. The session included key perspectives from Lord Hanson and have viewpoints shared during sessions involving Marcus Wogart, Rachel Herbert, James Babbage, Mike Regnier, Michelle Haslem and Tracy Paradise. David Postings… Read More

December 4, 2025 @ 8:04 am By Omar Faridi  |  

Lloyds Banking Group has recently extended its fraud prevention scheme, reinforcing a commitment to protecting unsuspecting consumers from the perils / harms of fraud. The latest update revealed by Lloyds Bank in the UK initiative, launched back in 2021, will have seen £15 million of… Read More

November 28, 2025 @ 12:46 am By Omar Faridi  |  

BioCatch, which reportedly aims to prevent financial crime by recognizing patterns in human behavior, announced an upgrade to its digital fraud- and financial crime-detection platform. BioCatch Connect 2.0 now features BioCatch Align, a singular SDK that unifies signal collection (behavior, device, network, transactional, and application),… Read More

October 30, 2025 @ 8:48 am By Omar Faridi  |  

Regtech Sumsub has announced the launch of their Risk Scoring solution—a risk assessment engine that transforms how businesses detect, measure, and mitigate financial crime risk across the customer lifecycle. The solution enables compliance and risk teams to make faster, more informed decisions while reducing manual… Read More

October 27, 2025 @ 8:34 am By Omar Faridi  |  

Jonathan Frost, Director of Global Advisory for EMEA at BioCatch, has noted that the UK Finance half-year report indicates that although the industry appears to be pushing back, bad actors seem to be pushing even harder and, for now, gaining momentum. Frost added that during H1… Read More

October 6, 2025 @ 3:01 am By Omar Faridi  |  

Total spending on third-party AML systems is projected increase by significant 121% by 2030, according to an update from the team at Juniper Research. This latest estimated figure would be up considerably from $33.9 billion this year. As stated in the report, gaps in transaction… Read More

August 31, 2025 @ 3:26 pm By Omar Faridi  |  

The Financial Action Task Force (FATF) unveiled a Money Laundering National Risk Assessment (NRA) resource, designed to enable countries to strengthen their risk-based strategies in combating financial crime. This resource marks a step forward in the global effort to safeguard financial systems from money laundering,… Read More

August 31, 2025 @ 2:15 pm By Omar Faridi  |  

In the evolving ecosystem of cryptocurrency, tracing illicit financial flows and ensuring compliance with regulations are critical challenges. Blockchain analytics firm Chainalysis claims it has been at the forefront of addressing these issues, providing tools and insights to government agencies, financial institutions, and private firms…. Read More

August 26, 2025 @ 12:48 am By Omar Faridi  |  

In a seemingly significant development for the cryptocurrency industry, the U.S. Department of Justice (DOJ) has issued a statement clarifying that writing code does not constitute a criminal act. This announcement marks a potential turning point in how the U.S. government approaches enforcement actions within… Read More

August 22, 2025 @ 5:20 pm By Omar Faridi  |  

TRM Labs announced the launch of Beacon Network, the real-time crypto crime response network. Built in collaboration with law enforcement, exchanges, and stablecoin issuers, Beacon Network is designed to “prevent illicit funds from leaving the blockchain.” Founding members “include Coinbase, Binance, PayPal, Robinhood, Stripe, Kraken,… Read More

August 13, 2025 @ 3:37 pm By Omar Faridi  |  

The T3 Financial Crime Unit (T3 FCU)—a joint initiative by TRON, Tether, and TRM Labs—announced the launch of “T3+,” a global collaborator program made up of some of the key players in the crypto ecosystem. It is designed to expand public-private collaboration to “combat illicit… Read More

August 12, 2025 @ 9:57 am By Omar Faridi  |  

TRM Labs, a blockchain intelligence platform, continues to develop products and shared its latest updates, designed to empower investigators, compliance teams, and intelligence professionals to detect and mitigate crypto-related risks more effectively. These enhancements from TRM Labs focus on surfacing actionable risk signals faster, improving… Read More

July 23, 2025 @ 11:44 am By Omar Faridi  |  

In a world where financial crime is becoming increasingly sophisticated, Feedzai, a global firm specializing in AI-native financial crime prevention, is making bold strides to stay ahead of fraudsters. The company has announced significant developments: a partnership with PwC Brazil to launch a Center of… Read More