Money Laundering stories - Page 4

PAYSTRAX partners with Featurespace to enhance fraud detection in the UK and Europe, aiming to address significant global fraud losses projected at USD $343 billion by 2027.

Finance professionals lead AI adoption, with 63% utilising it for fraud detection and risk management. Marketing and sales show lower usage at 27% and 19%.

NFT Workx and Unstoppable Domains launch .WRKX Web3 domain, enabling tokenised identities to combat counterfeiting.

First AML launches AI Assist, promising to reduce compliance tasks to 60 seconds, expediting KYC and AML processes by 90% through automated data extraction.

Report reveals increase in fraud cases amongst banks, with money laundering, account takeovers, and AI-generated threats posing significant risks.

Oracle unveils AI-powered Finance Services Compliance Agent to help banks combat a predicted $5.05tn in money laundering in 2024, through enhanced transaction monitoring and risk-control efficiency.

London's Ripjar launches Compliance CoPilot, an AI-risk management assistant, aiming to revolutionise threat monitoring.

SEON's 'Fraud Trends 2024' report warns of growing fraud challenges for businesses, citing AI advancements, Fraud-as-a-Service, and economic pressures as key factors.

AI is transforming the finance sector, improving customer service, battling fraud, and making repayments efficient.

First AML launches Source, a self-service platform to reinvent AML workflows, offering hope to businesses grappling with regulatory challenges.

New research predicts the convergence of advanced persistent threat methods with cybercrime, enabling a new wave of destructive attacks at scale.

Chainalysis is releasing its latest money laundering report analysing money laundering activity from the previous year.

Venture capital (VC) is a massive global industry, with record funding for startups, but tech isn't usually a factor. That's starting to change.

Singapore-based AI startup Silent Eight has won the top spot at the RegTech Association Australia's inaugural pitch fest this year.

Singapore must not tarnish its reputation as an international financial centre and transport hub by becoming a transit point for money laundering.

​A new report from Bromium has landed with a number of startling findings, including the confirmation of a bustling cybercrime laundry market.

Freshly listed on the NZ Stock Exchange, Wynyard Group acquires UK's MHA Gateway, boosting its financial crime compliance offerings for an undisclosed sum.