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Financial crime Stories - Page 17

UK Stories

Financial crime stories

UK fraud losses rise to GBP £629.3 million despite prevention gains
Payment Technologies

UK fraud losses rise to GBP £629.3 million despite prevention gains

Fraud losses in the UK rose to GBP £629.3m in early 2025 despite banks blocking GBP £870m in unauthorised fraud attempts, driven by online scams.

By Shannon Williams • 4 min read • Sat, 25th Oct 2025
TISA backs OFSI reforms to boost fairness in sanctions enforcement
FCA

TISA backs OFSI reforms to boost fairness in sanctions enforcement

TISA supports HM Treasury and OFSI's reforms to create a fairer, more consistent sanctions enforcement system, encouraging early settlements and transparency.

By Kaleah Salmon • 3 min read • Fri, 17th Oct 2025
UK APP fraud refunds reach GBP £112m, but scams still rising
Biometrics

UK APP fraud refunds reach GBP £112m, but scams still rising

UK banks have refunded GBP £112m to victims of APP fraud under new rules, yet scam levels continue to rise, prompting calls for stronger prevention measures.

By Shannon Williams • 4 min read • Thu, 9th Oct 2025
Blackdot unveils AI tool to automate financial crime probes
Fintech

Blackdot unveils AI tool to automate financial crime probes

Blackdot Solutions launches Videris Automate, an AI platform to speed up financial crime probes by automating intelligence gathering and risk analysis.

By Kaleah Salmon • 3 min read • Fri, 26th Sep 2025
Credas launches Compliance Wallet to streamline property checks
Risk & Compliance

Credas launches Compliance Wallet to streamline property checks

Credas has launched its Compliance Wallet to reduce duplication and speed up property sector compliance checks with 15 million wallets available at launch.

By Kaleah Salmon • 3 min read • Wed, 24th Sep 2025
Card fraud losses rise to EUR €1,578M across Europe in 2024
Payment Technologies

Card fraud losses rise to EUR €1,578M across Europe in 2024

Card fraud losses in Europe rose to EUR €1,578 million in 2024, with the UK leading both total and Card Not Present fraud losses amid evolving crime tactics.

By Sean Mitchell • 5 min read • Thu, 4th Sep 2025

Global Stories

Financial crime stories

How ransomware economics drives the global cybercrime industry
Software-as-a-Service

How ransomware economics drives the global cybercrime industry

Ransomware, a $10.5tn cybercrime industry by 2025, uses a professional economic model driving global attacks, with governments moving to curb payments.

By Craig Searle • 5 min read • Wed, 22nd Oct 2025
Russia, US & Brazil pose highest risks for wealthy crypto holders
Crypto

Russia, US & Brazil pose highest risks for wealthy crypto holders

Russia, the US and Brazil top the Executive Crypto Threat Index as the riskiest countries for wealthy cryptocurrency holders in 2025, while Japan and Singapore are safest.

By Shannon Williams • 4 min read • Fri, 17th Oct 2025
Global scam attempts jump 65% as banks tackle new fraud risks
Email Security

Global scam attempts jump 65% as banks tackle new fraud risks

Global scam attempts have surged 65% over the past year, with smishing rising tenfold as banks worldwide battle increasing fraud risks.

By Catherine Knowles • 4 min read • Thu, 16th Oct 2025
Report urges policy reforms to boost AI in APAC financial services
Hyperscale

Report urges policy reforms to boost AI in APAC financial services

A Flint Global report urges APAC policymakers to reform regulations and boost AI adoption in financial services for innovation and security gains.

By Shannon Williams • 4 min read • Thu, 9th Oct 2025
Aleo Network Foundation appoints Yaya Fanusie as Global Head of Policy
Crypto

Aleo Network Foundation appoints Yaya Fanusie as Global Head of Policy

Aleo Network Foundation appoints Yaya Fanusie as Global Head of Policy to lead privacy-focused blockchain payments amid global regulatory push.

By Melvin Hipolito • 3 min read • Wed, 8th Oct 2025
UiPath unveils new AI automation suite to boost enterprise ROI
DevOps

UiPath unveils new AI automation suite to boost enterprise ROI

UiPath launches new AI automation suite with pre-built solutions and orchestration tools to boost enterprise efficiency and ROI in AI transformation.

By Melania Watson • 5 min read • Wed, 1st Oct 2025
Irish fintech attracts nearly EUR €1bn over five years
Digital Transformation

Irish fintech attracts nearly EUR €1bn over five years

Irish fintech has secured nearly EUR €1bn in five years, as new data show strong 2023 deal activity despite weaker European VC flows.

By Sean Mitchell • 4 min read • Fri, 5th Sep 2025
SAS named market leader for AI-driven fraud & AML solutions
Risk & Compliance

SAS named market leader for AI-driven fraud & AML solutions

SAS has been named Market Leader in AI-driven fraud and AML case management, praised for its stable platform and advanced cloud-native AI features.

By Melvin Hipolito • 4 min read • Wed, 3rd Sep 2025

Stories from Other Regions

Financial crime stories

US money laundering cases surge 168% as scams cost USD $6.5 billion
Crypto

US money laundering cases surge 168% as scams cost USD $6.5 billion

US money laundering cases rose 168% in H1 2025, with scams costing Americans USD $6.5 billion amid rising AI-driven fraud and stablecoin use.

By Shannon Williams • 4 min read • Thu, 11th Sep 2025
AMP Bank GO blocks over 1,000 mule accounts with new features
Crypto

AMP Bank GO blocks over 1,000 mule accounts with new features

AMP Bank GO has blocked over 1,000 fraudulent accounts in six months using a selfie video verification and numberless cards to enhance security.

By Kaleah Salmon • 4 min read • Mon, 1st Sep 2025
Macquarie Bank joins network protecting 85% of banking sector
Biometrics

Macquarie Bank joins network protecting 85% of banking sector

Macquarie Bank has joined BioCatch Trust Australia, extending fraud protection coverage to over 85% of the nation's banking sector through shared intelligence.

By Shannon Williams • 4 min read • Wed, 27th Aug 2025