Financial crime stories
Circle's backing gives Elliptic production feedback to refine compliance tools for AI-driven finance as stablecoin activity grows more complex.
Nearly half of Australian compliance teams said fragmented systems were their biggest weakness, hampering efforts to spot sanctions and scam risks.
The hire brings Santander compliance expertise into ThetaRay as banks face tougher anti-money laundering oversight and demand proof their controls work.
The integration lets regulated firms verify customers with reusable digital IDs while reducing repeated uploads and manual checks.
Property professionals facing tranche 2 rules now have a pay-per-use AML tool that reuses customer data and logs checks for AUSTRAC.
Yahoo Boys have evolved from email fraud into an AI-enabled cybercrime subculture, using deepfakes, sextortion and social media to target victims worldwide.
Remote onboarding is leaving Asia-Pacific's most digital markets exposed, with Indonesia seeing the highest identity-fraud signals in Shufti's data.
UK consumers and businesses could benefit as Cifas adds nearly 500 scam signals to a global network aimed at faster takedowns.
Yet most London finance workers still want experienced colleagues to make the final call, especially on risk, compliance and trading decisions.
The milestone underscores rising demand for online borrowing as 40% of applications came outside normal banking hours, Fig said.
Smaller agencies face steep new compliance costs as Australia widens anti-money laundering rules to property businesses ahead of a 29 July deadline.
Payment disruptions are worsening customer experience at utilities and telecoms firms, with 99% of respondents reporting some form of issue.
The hire underscores Lorum's push to win clients that need stronger regulatory assurance as it seeks a US trust bank charter.
The name-checking service is now helping avert scam losses and mistaken payments, with more than 150 million checks completed in its first year.
Fraud losses in Open Banking remain lower than in the wider UK payments market, but scam tactics are shifting as usage expands.
Britain's crypto firms face mandatory FCA authorisation, while lighter stablecoin capital rules may help keep business and liquidity in the UK.
About 11 million UK adults could use autonomous AI for money management, raising fresh concerns over fraud, control and market concentration.
Scammers are exploiting Prime Day shopping sprees as Australia's new rules aim to stop fraudulent texts, emails and instant payments.
Mortgage brokers face mounting breach and fraud risks as attackers exploit SMS codes to reach high-value client data, experts warn.
Banks could use continuous identity checks to curb rising takeover fraud, as the tie-up opens YEO Messaging to US financial institutions.
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