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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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Mobile banking malware surged by 32% in 2023

News | Digital Identity, Security & Online Fraud | 13 May 2024

Cybersecurity company Kaspersky has released a report which uncovered a substantial increase in mobile banking malware and crypto-related phishing in 2023. 

malware, payment fraud, financial crime, mobile banking, mobile payments

Cryptomathic partners with Utimaco

News | Digital Identity, Security & Online Fraud | 07 May 2024

Global software company Cryptomathic has announced its partnership with Utimaco in order to optimise security and simplify compliance. 

partnership, fraud management, fraud detection, fraud prevention, online fraud, financial crime

Liquid Noble partners with iDenfy

News | Digital Identity, Security & Online Fraud | 02 May 2024

Liquid Noble has partnered with iDenfy in order to leverage its KYC solution and stop digital asset fraud in line with the latest compliance regulations. 

partnership, fraud management, fraud prevention, fraud detection, online fraud, financial crime, KYC, compliance, digital assets

Featurespace joins forces with The Knoble

News | Digital Identity, Security & Online Fraud | 06 May 2024

UK-based fraud prevention company Featurespace has become a corporate member of The Knoble, an alliance that focuses on mitigating human crime. 

partnership, financial crime, cybercrime, artificial intelligence, financial services, financial institutions

ComplyAdvantage acquires Golden, welcomes a16z as new shareholder

News | Digital Identity, Security & Online Fraud | 24 Apr 2024

Financial crime intelligence company ComplyAdvantage has acquired Golden to accelerate its AI capabilities in providing financial crime insights.

financial crime, machine learning, fraud prevention, artificial intelligence, data, acquisition

RBI to set up DIGITA to combat illegal lending apps

News | Digital Identity, Security & Online Fraud | 02 Apr 2024

The Reserve Bank of India (RBI) has proposed to set up Digital India Trust Agency (DIGITA) to tackle illegal lending apps, verify approved ones, and promote transparency.

lending, fraud prevention, financial crime, digital verification, regulation

MAS launches its COSMIC platform

News | Digital Identity, Security & Online Fraud | 01 Apr 2024

The Monetary Authority of Singapore has launched its COSMIC platform to combat money laundering, terrorism financing, and proliferation financing around the world.

product launch, partnership, fraud management, fraud detection, fraud prevention, identity fraud, financial crime, AML

The FinCEN issues an RFI related to banks under the CIP Rule

News | Digital Identity, Security & Online Fraud | 29 Mar 2024

FinCEN has announced its decision to issue an RFI related to the requirements for banks under the CIP Rule to collect a TIN from a client before opening an account. 

regulation, fraud management, fraud detection, online fraud, fraud prevention, AML, financial crime, cybercrime

Form3, Feedzai launch APP fraud solution for the UK market

News | Digital Identity, Security & Online Fraud | 26 Mar 2024

UK-based A2A platform Form3 has launched an innovative APP fraud prevention solution powered by Feedzai, a company specialising in fraud prevention.

APP fraud, fraud prevention, regulation, financial crime, account-to-account payment

SmartSearch reports on global financial crime and AML failure trends

News | Digital Identity, Security & Online Fraud | 18 Mar 2024

UK-based AML specialist SmartSearch has analysed global AML events and published a new report which showcases drug trafficking as one of the most prevalent issues.

report, AML, financial crime, cryptocurrency, fraud prevention

Tech-driven compliance: Insights into sanctions screening and transaction monitoring

Interviews | Digital Identity, Security & Online Fraud | 12 Mar 2024

Adam McLaughlin from Nice Actimize emphasises the crucial distinction financial institutions need to make between efficiency and effectiveness in adopting technology, as compliance goes beyond mere checkbox activities.

compliance, financial crime, financial institutions, transaction monitoring, Sanctions Screening, fintech, data, artificial intelligence, machine learning, risk management

Instant payments and the evolution of counter-fraud strategies

Interviews | Payments General | 11 Mar 2024

Anton Jan Cozijnsen from Rabobank discusses the rising financial cyber fraud trends and the necessity of tech investment and cross-sector cooperation to address emerging risks in 2024.

financial crime, fraud prevention, instant payments, online fraud, cybercrime, financial institutions

UK grants law enforcement expanded powers over crypto assets

News | Cryptocurrencies | 04 Mar 2024

The UK Government has decided to implement new measures granting law enforcement agencies increased powers over cryptocurrency assets.

cryptocurrency, digital assets, financial crime, regulation

Global Cyber Alliance partners with DIFC Academy to reduce risk

News | Digital Identity, Security & Online Fraud | 01 Mar 2024

The education platform of Dubai, DIFC has recently announced a new partnership with the Global Cyber Alliance (GCA) to provide professionals and organisations with the necessary tools and knowledge to address cybersecurity problems and risks that impact small businesses.

partnership, cybercrime, cybersecurity, fraud detection, online fraud, fraud prevention, scam, digitalisation, financial crime, fintech, global hub, funding, compliance, regulation

FATF drops UAE off financial crime watchlist

News | Payments General | 26 Feb 2024

The Financial Action Task Force (FATF) has announced that it has dropped the UAE from its grey list regarding concerns about financial crime and money laundering.

 

AML, financial crime, terrorism, regulation, cryptocurrency, cryptocurrency exchange, funding, money laundering

Napier AI secures funds from Crestline Investors

News | Digital Identity, Security & Online Fraud | 21 Feb 2024

UK-based Napier AI, a regtech specialising in financial crime compliance, has received a significant investment from Crestline Investors, a US-based institutional alternative asset manager.

regtech, financial crime, compliance, investment, funding

The evolution of romantic scams and why people still fall victims to them

Voice of the Industry | Digital Identity, Security & Online Fraud | 14 Feb 2024

Irina Ionescu shows us how, in the ever-evolving landscape of cyber deception, technology serves as the catalyst for romantic scams, intricately weaving false personas to exploit unsuspecting vulnerabilities. 

cybercrime, romantic scam, financial crime, data protection, online fraud, fraud detection, fraud management, fraud prevention, ecommerce, artificial intelligence, generative AI, LLM

Kooperativa partners with Resistant AI for document verification

News | Digital Identity, Security & Online Fraud | 08 Feb 2024

Czech Republic-based insurance company Pojišťovna Kooperativa has partnered with Resistant AI, a company specialising in financial crime prevention using artificial intelligence and machine learning.

partnership, artificial intelligence, machine learning, financial crime, insurance

South Korea updates its Virtual Asset Users Protection Act

News | Cryptocurrencies | 07 Feb 2024

The government of South Korea has decided to update its Virtual Asset Users Protection Act to protect investors from market crimes.

cryptocurrency, regulation, financial crime, digital assets

HFS Research partners with AML RightSource

News | Digital Identity, Security & Online Fraud | 07 Feb 2024

HFS Research has partnered with AML RightSource in order to release a study on individuals and teach imperatives that drive new automation in fincrime compliance. 

study, fraud management, fraud detection, fraud prevention, financial crime, compliance