Financial crime stories - Page 4

Google Cloud and Entrust strike AI-based identity fraud pact as UK firms face rising injection attacks and losses of about GBP £1.8 billion.

AI-powered fraud rings industrialise online romance scams, fuelling USD $5.7 billion in losses and ushering in a 'dark age' for victims.

UiPath buys AI compliance specialist WorkFusion to automate banks' financial crime checks as monitoring workloads and governance demands surge.

Ripjar names Matt Mills Chief Executive to spearhead global expansion as regulatory pressure fuels demand for smarter crime screening tech.

Sygnia links 150+ domains to a global recovery-scam ring posing as law firms, using WhatsApp and cloned sites to repeatedly target victims.

SEON launches global partner programme to embed its AI-powered fraud and AML tools deeper into platforms as online scams surge worldwide.

SME Bank turns to Flagright's AI-native platform for real-time AML monitoring and watchlist screening as it scales across northern Europe.

Gr4vy launches Silent Mode to let merchants trial multiple fraud tools in parallel on live payments without affecting real customer outcomes.

BioCatch posts record ARR above $185 million as it adds 90 banks, blocks $4 billion in fraud and expands its global trust network.

Poor-quality customer data has driven more than two-thirds of FCA AML fines since 2020, analysis finds, with penalties topping GBP £430m.

Sumsub launches AI Agent Verification to link automated activity to verified humans, tackling rising AI-driven fraud without blocking bots.

ThetaRay launches Ray AI suite to automate AML investigations, promising audit-ready case files and up to 70% less manual work.

Ransomware gangs shrank in number but hit more victims in late 2025, with leak-site postings soaring despite fewer active groups.

AI crime is shifting from experiments to a stable industry, with jailbreak services, adaptive malware and deepfake fraud becoming routine.

Kani deepens its tie-up with TransactPay, adding Data-as-a-Service to streamline global payments data as the issuer ramps up scale.

AI compliance firm ThetaRay names ex-Symphony chief Brad Levy as CEO, tasking him with scaling its Cognitive AI platform globally.

eflow posts 23% client growth and 56 new deployments in 2025 as demand for AI-driven, explainable trade surveillance tools accelerates.

Betsson adopts Group-IB's real-time fraud tech to counter rising account takeovers, bonus abuse and payment scams across its platforms.

Dun & Bradstreet flags sanctions, data quality and AI governance as top compliance pressures shaping corporate risk in 2026.

BioCatch warns AI shopping agents will turbocharge online fraud, urging banks and retailers to distinguish helpful bots from criminal misuse.