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Financial crime Stories - Page 15

UK Stories

Financial crime stories

UK anti-corruption plan blasted for sidelining fraud
Risk & Compliance

UK anti-corruption plan blasted for sidelining fraud

UK unveils GBP £15 million anti-corruption drive, but experts warn sidelined fraud strategy leaves main source of dirty money unchecked.

By Kaleah Salmon • 5 min read • Wed, 10th Dec 2025
Thirdfort adds iProov biometrics to fight UK ID fraud
Data Protection

Thirdfort adds iProov biometrics to fight UK ID fraud

Thirdfort adopts iProov biometrics to streamline UK property ID checks and combat AI-driven fraud in deals worth billions of GBP £1.6bn+.

By Sean Mitchell • 4 min read • Wed, 10th Dec 2025
Stopping the growing threat of synthetic ID fraud
Biometrics

Stopping the growing threat of synthetic ID fraud

AI-fuelled synthetic ID fraud is surging, set to cost firms USD $23 billion by 2025 and USD $58.3 billion by 2030 without stronger checks.

By Barley Laing • 5 min read • Tue, 9th Dec 2025
Group-IB launches secure platform to combat GBP £600m UK fraud
Unified Communications

Group-IB launches secure platform to combat GBP £600m UK fraud

Group-IB has launched a Cyber Fraud Intelligence Platform to help UK banks tackle GBP £600m fraud by securely sharing real-time risk signals while ensuring data privacy.

By Sean Mitchell • 3 min read • Fri, 5th Dec 2025
UK banks face rising AI-driven fraud as tech outpaces rules
Endpoint Protection

UK banks face rising AI-driven fraud as tech outpaces rules

UK banks face rising AI-driven fraud in 2026 as criminals exploit gaps in regulation, prompting calls for urgent cross-sector action to protect consumers.

By Sean Mitchell • 5 min read • Fri, 5th Dec 2025
AI tools now essential as Europe tightens anti-money laundering rules
Data governance

AI tools now essential as Europe tightens anti-money laundering rules

Europe's new anti-money laundering rules mandate AI integration, as legacy systems fail to meet rising financial crime challenges and regulatory standards.

By Sean Mitchell • 3 min read • Fri, 5th Dec 2025
Europe's AML overhaul demands AI for effective compliance
Crypto

Europe's AML overhaul demands AI for effective compliance

Europe's new AML rules mandate AI integration as legacy systems fail to detect complex financial crimes, urging banks to upgrade compliance technology now.

By Sean Mitchell • 3 min read • Tue, 2nd Dec 2025
Wellinghoff joins Payments Association board to drive compliance
Risk & Compliance

Wellinghoff joins Payments Association board to drive compliance

Willem Wellinghoff, Ecommpay's Chief Compliance Officer, has joined The Payments Association Advisory Board to enhance compliance and support industry growth in the UK.

By Sean Mitchell • 3 min read • Mon, 24th Nov 2025

Global Stories

Financial crime stories

MITRE flags deepfake KYC threat using face-swap tools
Firewalls

MITRE flags deepfake KYC threat using face-swap tools

MITRE warns that cheap face-swap deepfakes can defeat banks' remote KYC checks, bypassing liveness tools to open fraudulent accounts.

By Sean Mitchell • 4 min read • Thu, 18th Dec 2025
AI 'agentic' tools to drive surge in cyber fraud by 2026
Biometrics

AI 'agentic' tools to drive surge in cyber fraud by 2026

Autonomous 'agentic' AI fraud tools set to intensify cybercrime by 2026, forcing firms to fuse human judgment with smarter machine defences.

By Shannon Williams • 5 min read • Wed, 17th Dec 2025
In finance, intelligence is human before it is artificial
Digital Transformation

In finance, intelligence is human before it is artificial

Despite billions invested in AI, financial firms see slow adoption as solutions must prioritise trust, transparency, and augment human judgement over automation.

By Zhuang Qiang Bok • 5 min read • Sat, 22nd Nov 2025

Stories from Other Regions

Financial crime stories

How to choose the right identity verification partner in Southeast Asia
Data Protection

How to choose the right identity verification partner in Southeast Asia

Amid an AI-fuelled fraud surge and tightening biometrics rules, Southeast Asia's banks must choose verification partners with strategic care.

By Edmund Ng • 5 min read • Wed, 17th Dec 2025
Proving human identity is essential to defending Australia's financial services sector
Digital Transformation

Proving human identity is essential to defending Australia's financial services sector

Australia's banks face rising AI-driven scams, making robust human identity verification and phishing-resistant MFA critical to security.

By Geoff Schomburgk • 5 min read • Mon, 15th Dec 2025
PEP & sanctions screening in Australia: Strengthening compliance with better data
Risk & Compliance

PEP & sanctions screening in Australia: Strengthening compliance with better data

With crime costing Australia up to AUD $60.1 billion a year, robust PEP and sanctions screening is now a strategic necessity for business.

By Edmund Ng • 5 min read • Mon, 15th Dec 2025
Atturra, Comtrac partner on AI-driven investigation tools
Document Management

Atturra, Comtrac partner on AI-driven investigation tools

Atturra teams with Comtrac to roll out AI-powered investigation tools for Australian law enforcement and regulators via a single service channel.

By Melvin Hipolito • 4 min read • Thu, 11th Dec 2025
Australia's real-time network stops AUD $60m in fraud attempts
Payment Technologies

Australia's real-time network stops AUD $60m in fraud attempts

Australia's real-time network has blocked over AUD $60m in fraud attempts, protecting 85% of bank customers with advanced behavioural payment analysis.

By Catherine Knowles • 3 min read • Fri, 28th Nov 2025
Qilin ransomware targets 25 Korean finance firms in cyber surge
Advanced Persistent Threat Protection

Qilin ransomware targets 25 Korean finance firms in cyber surge

Qilin ransomware group has targeted 25 South Korean finance firms using managed service providers, exposing 2TB of data in a politically charged cyberattack surge.

By Melania Watson • 3 min read • Tue, 25th Nov 2025