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Money Laundering Stories - Page 5

UK Stories

Money Laundering stories

AI-driven identity fraud costs UK economy GBP £1.8 billion yearly
Email Security

AI-driven identity fraud costs UK economy GBP £1.8 billion yearly

AI-driven identity fraud costs UK economy GBP £1.8 billion yearly, with synthetic identities causing 42% of cases amid rising festive season threats.

By Catherine Knowles • 3 min read • Fri, 21st Nov 2025
How OSINT helps supply chain leaders map risk across borders
Supply Chain

How OSINT helps supply chain leaders map risk across borders

OSINT enables supply chain leaders to uncover hidden risks like forced labour and sanctions, ensuring ethical practices and regulatory compliance globally.

By Stuart Clarke • 5 min read • Fri, 21st Nov 2025
New UK director ID rules spark concerns over fraud risk
Risk & Compliance

New UK director ID rules spark concerns over fraud risk

New UK rules require company directors to verify identity, but with under 15% compliance, experts warn fraud risks and operational strains on banks loom large.

By Shannon Williams • 4 min read • Wed, 19th Nov 2025
Why ECCTA ID verification could be a liability trap for law firms
Data Protection

Why ECCTA ID verification could be a liability trap for law firms

ECCTA's mandatory ID verification poses major compliance and liability risks for UK law firms, with millions facing deadlines to avoid fines and penalties.

By Alan Hughes • 5 min read • Wed, 19th Nov 2025
Banks face risks as Companies House begins ID checks rollout
Biometrics

Banks face risks as Companies House begins ID checks rollout

Companies House's 12-month rollout of director ID checks risks burdening banks with costly double-checks amid potential gaps in company verification.

By Shannon Williams • 2 min read • Wed, 19th Nov 2025
Altia's financial toolkit marks 20 years tackling global fraud
Digital Transformation

Altia's financial toolkit marks 20 years tackling global fraud

Nottingham's Altia marks 20 years of its Financial Investigation Toolkit, now used by all UK police forces and 290+ organisations worldwide.

By Melvin Hipolito • 2 min read • Tue, 18th Nov 2025
UK conveyancing faces tougher AML checks as SARs highlight risks
Money Laundering

UK conveyancing faces tougher AML checks as SARs highlight risks

UK conveyancing faces tougher anti-money laundering checks as 73% of law firms' suspicious activity reports link to property transactions.

By Melvin Hipolito • 3 min read • Mon, 17th Nov 2025
Concerns grow over UK digital ID checks for company directors
Cybersecurity

Concerns grow over UK digital ID checks for company directors

UK plans to enforce digital ID checks for company directors face criticism over security flaws in the GOV.UK One Login system and risks during a phased 12-month rollout.

By Shannon Williams • 4 min read • Thu, 7th Aug 2025

Global Stories

Money Laundering stories

Instagram posts fuel surge in money mule recruitment schemes
Risk & Compliance

Instagram posts fuel surge in money mule recruitment schemes

Nearly 24% of Instagram posts tagged as 'quick-money' offers are linked to money mule recruitment, posing major challenges for law enforcement and platforms.

By Sean Mitchell • 4 min read • Thu, 13th Nov 2025
Investment scams top UK search trends as over 2 million fall victim
Cybersecurity

Investment scams top UK search trends as over 2 million fall victim

Investment scams top UK search trends with over 2 million victims in 2025, revealing a surge in fraud involving cryptocurrency and real estate schemes.

By Shannon Williams • 5 min read • Thu, 30th Oct 2025
AI-powered ransomware & cybercrime booming across APJ region
Advanced Persistent Threat Protection

AI-powered ransomware & cybercrime booming across APJ region

AI-driven ransomware attacks surge across Asia Pacific and Japan, with decentralised Chinese cybercrime marketplaces and eCrime services fueling the boom.

By Melania Watson • 3 min read • Tue, 21st Oct 2025
Global targets for cross-border payment reforms at risk of delay
Data Protection

Global targets for cross-border payment reforms at risk of delay

Global financial authorities are likely to miss their 2027 target to improve cross-border payments, with costs and regulatory hurdles still impeding progress.

By Shannon Williams • 4 min read • Wed, 15th Oct 2025
Task scams cost jobseekers millions as Trend Micro warns of surge
Crypto

Task scams cost jobseekers millions as Trend Micro warns of surge

Task scams have cost jobseekers millions, with Trend Micro warning of a surge in frauds using fake jobs to trick victims into losing thousands of dollars.

By Catherine Knowles • 3 min read • Thu, 21st Aug 2025

Stories from Other Regions

Money Laundering stories

InsightAI secures INR ₹11 million to boost AI anti-money laundering
Fintech

InsightAI secures INR ₹11 million to boost AI anti-money laundering

InsightAI raised INR ₹11 million in pre-seed funding to expand its AI-driven anti-money laundering solutions across India and the Middle East markets.

By Kaleah Salmon • 4 min read • Thu, 13th Nov 2025
Canada launches anti-fraud strategy & Financial Crimes Agency
Email Security

Canada launches anti-fraud strategy & Financial Crimes Agency

Canada unveils its first National Anti-Fraud Strategy and a Financial Crimes Agency to tackle rising fraud losses, which hit CAD $643 million in 2024.

By Jake MacAndrew • 3 min read • Tue, 21st Oct 2025
US money laundering cases surge 168% as scams cost USD $6.5 billion
Crypto

US money laundering cases surge 168% as scams cost USD $6.5 billion

US money laundering cases rose 168% in H1 2025, with scams costing Americans USD $6.5 billion amid rising AI-driven fraud and stablecoin use.

By Shannon Williams • 4 min read • Thu, 11th Sep 2025
Exclusive: Cloudera urges banks to rethink data for AI
Data Protection

Exclusive: Cloudera urges banks to rethink data for AI

Australian banks invest heavily in AI but struggle to realise value amid complex compliance, fragmented data, and rising customer trust concerns, experts say.

By Melania Watson • 5 min read • Mon, 25th Aug 2025