Money Laundering stories
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PAYSTRAX partners with Featurespace to boost fraud detection
Last month
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money laundering
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security
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cloud services
PAYSTRAX partners with Featurespace to enhance fraud detection in the UK and Europe, aiming to address significant global fraud losses projected at USD $343 billion by 2027.
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BioCatch report underscores evolving fraud landscape in APAC
Wed, 26th Jun 2024
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endpoint protection
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fintechs
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email security
BioCatch's latest report on APAC digital banking fraud trends reveals a 70% rise in mobile app fraud and a dramatic 108% surge in voice scams, alongside a notable decline in fraud losses in Australia.
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Group-IB helps bust Southeast Asian cyber fraud syndicate
Tue, 18th Jun 2024
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cybersecurity
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cybercrime
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fraud
Group-IB aided a tri-nation police operation that dismantled a cyber fraud syndicate, linking it to over 1,899 cases in Singapore and losses exceeding USD $25 million.
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Finance professionals lead in AI adoption, report reveals
Fri, 7th Jun 2024
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cryptocurrency
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fintechs
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blockchain
Finance professionals lead AI adoption, with 63% utilising it for fraud detection and risk management. Marketing and sales show lower usage at 27% and 19%.
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NFT Workx launches .WRKX domain to combat counterfeits online
Wed, 29th May 2024
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cx
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martech
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commerce systems
NFT Workx and Unstoppable Domains launch .WRKX Web3 domain, enabling tokenised identities to combat counterfeiting.
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First AML launches AI Assist to expedite compliance tasks
Wed, 15th May 2024
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risk & compliance
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ai
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money laundering
First AML launches AI Assist, promising to reduce compliance tasks to 60 seconds, expediting KYC and AML processes by 90% through automated data extraction.
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Report reveals 76% of banks face sophisticated fraud threats
Fri, 10th May 2024
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biometrics
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email security
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money laundering
Report reveals increase in fraud cases amongst banks, with money laundering, account takeovers, and AI-generated threats posing significant risks.
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Oracle launches AI-powered platform to combat money laundering
Tue, 9th Apr 2024
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risk & compliance
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ai
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money laundering
Oracle unveils AI-powered Finance Services Compliance Agent to help banks combat a predicted $5.05tn in money laundering in 2024, through enhanced transaction monitoring and risk-control efficiency.
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Ripjar unveils Compliance CoPilot for risk monitoring
Thu, 14th Mar 2024
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ai
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financial crime
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ml
London's Ripjar launches Compliance CoPilot, an AI-risk management assistant, aiming to revolutionise threat monitoring.
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SEON report warns of complex fraud challenges ahead in 2024
Mon, 11th Mar 2024
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phishing
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physical security
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email security
SEON's 'Fraud Trends 2024' report warns of growing fraud challenges for businesses, citing AI advancements, Fraud-as-a-Service, and economic pressures as key factors.
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Redefining finance: How AI is revolutionising banking & cybersecurity
Tue, 10th Oct 2023
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uc
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cryptocurrency
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fintechs
AI is transforming the finance sector, improving customer service, battling fraud, and making repayments efficient.
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Revolutionising AML workflows, First AML launches Source
Wed, 20th Sep 2023
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risk & compliance
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money laundering
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aml
First AML launches Source, a self-service platform to reinvent AML workflows, offering hope to businesses grappling with regulatory challenges.
![Story image](../../../../../uploads/story/2022/11/08/preview_GettyImages-1065824694.webp)
FortiGuard predicts rise in advanced threat methods
Tue, 8th Nov 2022
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malware
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cybersecurity
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ar, vr & metaverse
New research predicts the convergence of advanced persistent threat methods with cybercrime, enabling a new wave of destructive attacks at scale.
![Story image](../../../../../uploads/story/2022/01/28/preview_GettyImages-1280690425.webp)
Cybercriminals laundered $8.6 billion worth of cryptocurrency in 2021 - report
Fri, 28th Jan 2022
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malware
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ransomware
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data analytics
Chainalysis is releasing its latest money laundering report analysing money laundering activity from the previous year.
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DIA accused of being soft on vendor who delivered faulty software
Mon, 30th Aug 2021
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risk & compliance
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dia
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money laundering
Documents released under the OIA reveal degraded intelligence systems at the Department of Internal Affairs, risking data integrity.
![Story image](../../../../../uploads/story/2020/11/27/preview_GettyImages-1226398998.webp)
Is the 'fast follower' mentality holding back anti-money laundering in Australia?
Fri, 27th Nov 2020
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ai
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cybersecurity
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cybersafety
Australian banks are urged to invest in artificial intelligence to combat money laundering, with 68% believing it is the solution.
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How the best tech deals get done using tech
Fri, 30th Oct 2020
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ecm
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document management
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martech
Venture capital (VC) is a massive global industry, with record funding for startups, but tech isn't usually a factor. That's starting to change.
![Story image](../../../../../uploads/story/2018/05/30/preview_6b91ee1bb134470088807b41c682dc69.webp)
Singapore-based AI startup scoops Australian RegTech award
Wed, 30th May 2018
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money laundering
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regtech
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the regtech association
Singapore-based AI startup Silent Eight has won the top spot at the RegTech Association Australia’s inaugural pitch fest this year.
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ACIP releases best practices to stamp out financial crime in Singapore
Wed, 16th May 2018
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money laundering
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monetary authority of singapore
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financial institutions
Singapore must not tarnish its reputation as an international financial centre and transport hub by becoming a transit point for money laundering.
![Story image](../../../../../uploads/story/2018/03/17/preview_ThinkstockPhotos-469225644.webp)
Cybercriminals laundering $200b in ill-gotten gains – here’s how
Sat, 17th Mar 2018
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blockchain
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cryptocurrency
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cybersecurity
A new report from Bromium has landed with a number of startling findings, including the confirmation of a bustling cybercrime laundry market.