SecurityBrief UK - Technology news for CISOs & cybersecurity decision-makers
United Kingdom

Money Laundering Stories - Page 5

UK Stories

Money Laundering stories

Credas launches UK's first reusable compliance wallet for property
Crypto

Credas launches UK's first reusable compliance wallet for property

Credas launches the UK's first reusable compliance wallet to cut property ID checks from 5.4 to one, speeding up homebuying with verified digital credentials.

By Catherine Knowles • 3 min read • Thu, 10th Jul 2025
UK banks face rising fraud losses as organised crime outpaces them
Risk & Compliance

UK banks face rising fraud losses as organised crime outpaces them

UK banks face rising fraud losses up to GBP £40 million as criminals outpace detection despite growing use of behaviour-based analytics and increased tech spending.

By Shannon Williams • 4 min read • Thu, 19th Jun 2025
UK banks see spike in mobile fraud as scams shift from calls
Email Security

UK banks see spike in mobile fraud as scams shift from calls

UK mobile banking fraud surged 11% in 2024 as scammers shift from voice scams, with card fraud and remote iOS attacks also on the rise, reports BioCatch.

By Shannon Williams • 3 min read • Mon, 5th May 2025
UK sees 63% rise in savings accounts used for fraud
Credit card fraud

UK sees 63% rise in savings accounts used for fraud

Reports indicate a staggering 63% rise in the misuse of savings accounts for fraud in the UK last year, outpacing a 12% increase in current accounts.

By Shannon Williams • 3 min read • Fri, 7th Mar 2025
Corporate Digital Identity: a tool to combat financial crime
Money Laundering

Corporate Digital Identity: a tool to combat financial crime

Financial crime is set to cost global economies USD $485.6 billion in 2023, prompting calls for Corporate Digital Identity to enhance fraud prevention.

By Melania Watson • 3 min read • Fri, 29th Nov 2024
Ripjar appoints new CEO amid significant investment boost
Risk & Compliance

Ripjar appoints new CEO amid significant investment boost

Ripjar has secured a majority growth investment from Long Ridge Equity Partners, appointing Tom Obermaier as its new CEO to enhance global operations.

By Imee Dequito • 3 min read • Tue, 5th Nov 2024

Global Stories

Money Laundering stories

Task scams cost jobseekers millions as Trend Micro warns of surge
Crypto

Task scams cost jobseekers millions as Trend Micro warns of surge

Task scams have cost jobseekers millions, with Trend Micro warning of a surge in frauds using fake jobs to trick victims into losing thousands of dollars.

By Catherine Knowles • 3 min read • Thu, 21st Aug 2025
Deepfake & AI crime surge poses major threat to business trust
Physical Security

Deepfake & AI crime surge poses major threat to business trust

Trend Micro warns that rising deepfake and AI crimes threaten business trust, with fraudsters using synthetic media to impersonate executives and bypass security.

By Catherine Knowles • 3 min read • Thu, 10th Jul 2025
SEON expands APAC team as demand for fraud tech solutions rises
Fintech

SEON expands APAC team as demand for fraud tech solutions rises

SEON expands its Asia-Pacific team in response to growing demand for advanced fraud prevention and anti-money laundering solutions across the region.

By Catherine Knowles • 3 min read • Fri, 30th May 2025
Mandiant report finds rise in financially motivated cyber attacks
Multi-factor authentication

Mandiant report finds rise in financially motivated cyber attacks

Mandiant's 2024 report reveals a rise in financially motivated cyber attacks, with 55% of threat groups seeking profit, while detection remains a major challenge globally.

By Sean Mitchell • 4 min read • Thu, 24th Apr 2025
LockBit takedown reshapes ransomware threat landscape
Firewalls

LockBit takedown reshapes ransomware threat landscape

Secureworks' Counter Threat Unit reveals a marked shift in the ransomware landscape, with LockBit's influence waning amidst coordinated law enforcement efforts.

By Sean Mitchell • 3 min read • Wed, 19th Feb 2025
Romance scams reach six-year high, Moody's reports
Social Media

Romance scams reach six-year high, Moody's reports

Moody's highlights a six-year high in romance scams, unveiling 1,193 new entities globally in 2024, with the US leading at 38% of cases.

By Shannon Williams • 3 min read • Thu, 13th Feb 2025
AI poised to transform banking with fraud prevention focus
Robotics

AI poised to transform banking with fraud prevention focus

Experts predict that 2025 will revolutionise AI in banking, enhancing fraud prevention, risk management, and customer experience, according to SAS.

By Kaleah Salmon • 3 min read • Wed, 8th Jan 2025
Experts urge vigilance against growing digital fraud risks
Firewalls

Experts urge vigilance against growing digital fraud risks

Experts warn that rising digitalisation fuels fraud, with AI aiding cybercriminals, prompting calls for robust security and real-time threat response.

By Melania Watson • 3 min read • Thu, 14th Nov 2024

Stories from Other Regions

Money Laundering 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
Exclusive: Cloudera urges banks to rethink data for AI
Data Protection

Exclusive: Cloudera urges banks to rethink data for AI

Australian banks invest heavily in AI but struggle to realise value amid complex compliance, fragmented data, and rising customer trust concerns, experts say.

By Melania Watson • 5 min read • Mon, 25th Aug 2025
Digital identity urged as cyber fraud rocks Australian real estate
Physical Security

Digital identity urged as cyber fraud rocks Australian real estate

Cyber scams and payment fraud are surging in Australian real estate, prompting experts to push for digital identity solutions to boost security and cut risks.

By Melvin Hipolito • 5 min read • Fri, 27th Jun 2025