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Find here all the latest articles, news, and research on Financial Crime and other Financial Crime-related topics:

Find here all the latest articles, news, and research on Financial Crime and other Financial Crime-related topics:

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Block is fined USD 40 million for compliance failures on its Cash App

News | Online & Mobile Banking | 11 Apr 2025

Block, the owner of Cash App, has to pay USD 40 million in civil fines to New York’s financial services regulator over compliance failures.

AML, regulation, compliance, money laundering, financial crime

US Justice Department disbands crypto enforcement unit

News | Cryptocurrencies | 09 Apr 2025

The United States Department of Justice (DOJ) has officially closed its National Cryptocurrency Enforcement Team (NCET).

cryptocurrency, regulation, digital assets, financial crime

Report finds USD 750 billion in illicit funds flowing through Europe

News | Online & Mobile Banking | 03 Apr 2025

A new report by Nasdaq Verafin titled Financial Crime Insights: Europe, has provided an updated analysis of the extent of financial crime across Europe. 

report, research, financial crime, scam

SEC files criminal complaint against OKX for unlicenced operations

News | Cryptocurrencies | 31 Mar 2025

Thailand’s Security and Exchange Commission (SEC) has filed a criminal complaint against the operator of the OKX digital asset exchange platform in Thailand, Aux Cayes Fintech.

fraud detection, cryptocurrency, crypto services, financial crime, cybersecurity

Creditinfo launches its new global fraud and ID solution

News | Digital Identity, Security & Online Fraud | 27 Mar 2025

Creditinfo has announced the launch of its new global fraud and ID solution, aiming to support clients in the process of mitigating financial crime.

product launch, fraud management, identity verification, financial crime

FCA rolls out five-year strategy to facilitate growth and rebalance risk

News | Online & Mobile Banking | 25 Mar 2025

The Financial Conduct Authority (FCA) has announced that it has introduced a five-year strategy to increase trust, rebalance risk, facilitate growth, and support individuals. 

financial services, risk management, financial crime, financial institutions, digitalisation

Tuum and Sumsub partner to improve financial compliance measures

News | Digital Identity, Security & Online Fraud | 19 Mar 2025

Tuum has formed a partnership with verification platform Sumsub to enhance compliance and fraud prevention for financial institutions.

partnership, fraud prevention, financial services, financial crime

BUX gets fined EUR 1.6 million by the AFM for inducements ban

News | Digital Identity, Security & Online Fraud | 18 Mar 2025

BUX, an ABN Amro-owned neobroker, has been fined EUR 1.6 million by the Netherlands Authority for the Financial Markets (AFM) for violating the inducements ban.

fraud detection, fraud prevention, compliance, regulation, financial crime

TRM Labs teams up with Magnet Forensics to combat crypto crime

News | Digital Identity, Security & Online Fraud | 17 Mar 2025

Digital investigations solutions provider Magnet Forensics has entered into a strategic technology collaboration with TRM Labs to scale visibility into crypto crime. 

partnership, cryptocurrency, financial crime, cybercrime, fincrime

Oracle launches GenAI-based agents to fight financial crime

News | Digital Identity, Security & Online Fraud | 14 Mar 2025

US-based Oracle has improved its investigation hub cloud service with the addition of a broad class of AI agents and workflows.

artificial intelligence, GenAI, financial crime, financial institutions, cybercrime

JPMorgan Chase restricts Zelle due to social media fraud risks

News | Digital Identity, Security & Online Fraud | 24 Feb 2025

US-based bank JPMorgan Chase has curbed payments made to scammers on P2P payments platform Zelle.

banks, fraud prevention, scam, payments , financial crime

INTERPOL partners with African Development Bank to combat financial crime

News | Digital Identity, Security & Online Fraud | 21 Feb 2025

INTERPOL has partnered with the African Development Bank to combat financial crime, cyber-enabled fraud and money laundering.

partnership, AML, financial crime, fraud prevention, cybercrime

Looking internationally to fight fraud domestically

Voice of the Industry | Digital Identity, Security & Online Fraud | 18 Feb 2025

Reed Luhtanen, Executive Director of the US Faster Payments Council (FPC), elaborates on internationally-observed strategies that, if implemented, could help the US combat fraud to increase faster payments adoption.

payments , instant payments, real-time payments, RTPs, fraud prevention, biometric authentication, multi-factor authentication, transaction monitoring, Confirmation of Payee, data sharing, machine learning, data analytics, fintech, KYC, financial crime, FedNow

Fenergo teams up with PwC to optimise financial institutions' operations

News | Digital Identity, Security & Online Fraud | 13 Feb 2025

AI-powered solution for KYC and transaction monitoring Fenergo has teamed up with PwC to support the provision of its Client Lifecycle Management (CLM) and Know Your Customer (KYC) solutions to financial institutions. 

partnership, AML, KYC, financial crime, financial institutions, artificial intelligence

New report examines data sharing in efforts to combat economic crime

News | Digital Identity, Security & Online Fraud | 13 Feb 2025

Global Counsel, in collaboration with Enveil, has published a report addressing economic crime and the role of data sharing in its prevention.

report, research, data sharing, financial crime

US, Australia, and UK to sanction key infrastructure that enables ransomware attacks

News | Online & Mobile Banking | 13 Feb 2025

The United States, Australia, and the United Kingdom have jointly sanctioned key infrastructure that enabled ransomware attacks.

partnership, cybercrime, financial crime, compliance

FCA intensifies scrutiny on misleading financial promotions

News | Online & Mobile Banking | 10 Feb 2025

The Financial Conduct Authority (FCA) has decided to act against nearly 20,000 financial promotions in 2024, requiring them to be amended or withdrawn.

fraud prevention, promo abuse, regulation, financial crime

Airtel Payments Bank goes live with I4C's real-time API

News | Digital Identity, Security & Online Fraud | 10 Feb 2025

Airtel Payments Bank has gone live with I4C’s real-time API integration in order to strengthen customer security and fight against fraud.

partnership, fraud management, API, financial crime

Europol publishes guide for cooperation against financial crime

News | Digital Identity, Security & Online Fraud | 03 Feb 2025

Europol has issued the EFIPPP Practical Guide for Operational Cooperation between Investigative Authorities and Financial Institutions.

financial crime, fraud prevention, partnership, financial institutions, fraud management

UK introduces the ECCT Act for AML controls and stricter corporate IDV

News | Digital Identity, Security & Online Fraud | 31 Jan 2025

Companies House has announced a transition plan in which UK businesses will have to comply with new identity verification requirements for directors and those with corporate control by 2026.

fraud detection, AML, regulation, financial crime, fraud management