Tag: financial crime prevention
Australia Orders Binance Audit Over AML Concerns
Regulatory Scrutiny Intensifies Amid Ongoing Compliance ChallengesHighlights: Australian authorities have mandated an audit for Binance due to anti-money laundering (AML) concerns.The regulatory action reflects...
Nasdaq Verafin Unveils Agentic AI for Enhanced AML Operations
Revolutionizing Anti-Money Laundering with Advanced Artificial Intelligence TechnologyHighlights: Nasdaq Verafin introduces Agentic AI aimed at improving AML processes.The new AI technology enhances operational efficiency...
FCA Shuts Down 1,600 Websites in Battle Against Financial Crime
A Major Crackdown on Fraudulent Online Activities to Protect ConsumersHighlights: The FCA has taken action against over 1,600 websites believed to be linked to...
Cold Call Crypto Fraudsters Sentenced to 12 Years in Prison
A Major Crackdown on Cryptocurrency Scams: Justice Served for VictimsHighlights: Two individuals sentenced to a combined 12 years for orchestrating crypto fraud.The scammers exploited...
Bank of England Leverages AI to Combat Real-Time Payment Fraud
Project Hertha demonstrates AI’s potential in detecting financial crime patterns within retail payment systems.
Highlights:AI-Powered Detection: The Bank of England’s Project Hertha successfully identified...
Over $1 Billion Stolen by Fraudsters in 2024 – UK Finance Report
A Stark Reminder of the Growing Threat of Financial FraudHighlights: Fraudsters stole over $1 billion from consumers and businesses in 2024.The report highlights an...