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Financial crime Stories - Page 16

UK Stories

Financial crime stories

Tokenovate expands senior team to drive digital settlement growth
DevOps

Tokenovate expands senior team to drive digital settlement growth

Tokenovate has bolstered its senior engineering team with four key hires to enhance digital settlement and meet rising client demand ahead of T+1 settlement in 2027.

By Melvin Hipolito • 2 min read • Fri, 21st Nov 2025
Identity fraud: The double-edged sword of trust and technology
Data Analytics

Identity fraud: The double-edged sword of trust and technology

AI-driven identity fraud in the UK has surged over 2,100% since 2021, with synthetic identities risking a £4.2 billion cost by 2027 without stricter screening.

By Dave Rossi • 4 min read • Thu, 20th Nov 2025
Unlocking hidden connections: The next frontier in financial data strategy
Data Analytics

Unlocking hidden connections: The next frontier in financial data strategy

Graph databases are revolutionising finance, helping firms detect fraud, enhance compliance, and harness AI by mapping complex data relationships in real time.

By Michael Down • 5 min read • Wed, 19th 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
eflow Global unveils PATH AI to tackle USD $1.8bn in fines
Fintech

eflow Global unveils PATH AI to tackle USD $1.8bn in fines

eflow Global launches PATH AI, enhancing trade surveillance with transparent, auditable alerts amid USD $1.8bn market abuse fines globally this year.

By Sean Mitchell • 3 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
Why APP fraud is still rising and how we can stop the surge
Payment Technologies

Why APP fraud is still rising and how we can stop the surge

APP fraud, rising to 42% of UK losses in 2025, causes £2,300 lost per minute, urging banks and tech firms to boost joint防efforts.

By Jonathan Frost • 4 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

Global Stories

Financial crime stories

BioCatch unveils Connect 2.0 to combat rising banking fraud
Risk & Compliance

BioCatch unveils Connect 2.0 to combat rising banking fraud

BioCatch launches Connect 2.0, a platform using behavioural and device data to fight rising digital banking fraud and AI-driven financial crimes globally.

By Melania Watson • 3 min read • Fri, 21st Nov 2025
ThetaRay's AI compliance modules gain vital industry validation
Fintech

ThetaRay's AI compliance modules gain vital industry validation

ThetaRay's AI modules for AML and sanctions screening have gained key validation from Kaufman Rossin, aiding compliance with evolving US and EU regulations.

By Melvin Hipolito • 2 min read • Fri, 21st Nov 2025
New data shows AI-driven fraud surges, professionals unprepared
Risk & Compliance

New data shows AI-driven fraud surges, professionals unprepared

Most anti-fraud experts report a surge in AI-driven fraud, yet under 10% feel prepared to combat rising deepfake and synthetic identity threats.

By Jake MacAndrew • 3 min read • Fri, 21st Nov 2025
AI-powered deepfakes drive surge in global business & consumer fraud
Data Analytics

AI-powered deepfakes drive surge in global business & consumer fraud

AI-driven deepfakes are fuelling a global surge in fraud, with 77% of anti-fraud experts reporting increased incidents and 83% expecting further rises soon.

By Shannon Williams • 4 min read • Wed, 19th Nov 2025
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

Stories from Other Regions

Financial crime 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
Criminologist urges tougher rules on scams after NZD $1.6bn losses
Marketing Technologies

Criminologist urges tougher rules on scams after NZD $1.6bn losses

New Zealand faces NZD $1.6bn in scam losses; criminologist urges tougher regulation on social media and telco firms to curb cybercrime syndicates.

By Melvin Hipolito • 5 min read • Tue, 4th Nov 2025