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Financial crime stories

Blackdot adds Opoint news data to Videris platform
Risk & Compliance

Blackdot adds Opoint news data to Videris platform

Investigators using Videris can now screen adverse media from 250,000 sources, as Blackdot adds Opoint's news feed for compliance checks.

By Sofiah Nichole Salivio • 3 min read • Last month
Only 4.7% of institutions update compliance continuously
Surveillance

Only 4.7% of institutions update compliance continuously

Most firms still review risks on a schedule, leaving 56.8% without always-on monitoring even as crime threats, rules and volumes shift faster.

By Joseph Gabriel Lagonsin • 3 min read • Last month
Basware completes Trustpair acquisition to curb fraud
Enterprise Resource Planning

Basware completes Trustpair acquisition to curb fraud

The deal widens finance teams' defences as payment fraud shifts from invoices to supplier bank details, leaving approved bills vulnerable.

By Karen Joy Bacudo • 4 min read • Last month

Global Stories

Financial crime stories

Fast approval is a fraud magnet
Payment Technologies

Fast approval is a fraud magnet

One in ten new merchants saw fraud within 90 days, underscoring why lenders say faster approvals also widen the gap for fabricated applications.

By Nick Lim • 5 min read • 3 days ago
Binance theft exposes weak access controls, experts warn
Crypto

Binance theft exposes weak access controls, experts warn

The reported USD $6.3 billion transfer has prompted warnings that compromised devices and privileged accounts, not blockchain flaws, enabled the theft.

By Karen Joy Bacudo • 4 min read • Last week
ANZ hackathon in Brisbane tackles cybercrime skills
Cybersecurity

ANZ hackathon in Brisbane tackles cybercrime skills

More than 100 students are tackling real-world scam and fraud scenarios as Queensland faces the highest share of Australia's cybercrime reports.

By Joseph Gabriel Lagonsin • 4 min read • Last month
Mastercard launches stablecoin security tool with partners
Crypto

Mastercard launches stablecoin security tool with partners

Financial institutions can now screen stablecoin transfers for fraud and sanctions risk before settlement as adoption grows in cross-border payments.

By Karen Joy Bacudo • 4 min read • Last month
Quantifind opens Sydney office to expand in Asia-Pacific
Risk & Compliance

Quantifind opens Sydney office to expand in Asia-Pacific

The move gives banks in Australia and across Asia-Pacific local support as Quantifind seeks growth after a USD $200 million investment round.

By Karen Joy Bacudo • 3 min read • Last month
Shield appoints former HSBC executive Michelle Clark
Artificial Intelligence

Shield appoints former HSBC executive Michelle Clark

Her appointment signals Shield's push to sharpen its compliance software as banks grapple with tighter communications monitoring and AI oversight.

By Sofiah Nichole Salivio • 4 min read • Last month
New merchants face fraud within weeks, Fraudio finds
Payment Technologies

New merchants face fraud within weeks, Fraudio finds

Newly observed merchants are most exposed in their first three months, with 10.5% hit by fraud and the median first case coming after 33 days.

By Karen Joy Bacudo • 4 min read • Last month
Banks overrate fraud readiness as data gaps persist
Fintech

Banks overrate fraud readiness as data gaps persist

Operational gaps are undermining banks' fraud defences, with only 41% fully connecting key data despite strong plans to increase AI spending.

By Karen Joy Bacudo • 3 min read • Last month
G+D & FraudAverse join forces against payment fraud
Fintech

G+D & FraudAverse join forces against payment fraud

Banks in the Americas are set to get faster fraud checks as the tie-up targets instant payment scams and card-not-present losses.

By Joseph Gabriel Lagonsin • 4 min read • Last month

Stories from Other Regions

Financial crime stories

HSBC launches RedCoin stablecoin on PayMe in Hong Kong
Crypto

HSBC launches RedCoin stablecoin on PayMe in Hong Kong

More than 3.3 million PayMe users can soon use HSBC RedCoin for instant transfers and merchant payments, as Hong Kong tightens its digital asset rules.

By Karen Joy Bacudo • 3 min read • Last month
When dirty money meets the building industry
Money Laundering

When dirty money meets the building industry

Police say hundreds of millions of dollars is being laundered through New Zealand construction each year, undercutting legitimate firms and stoking crime.

By Amanda Gillies • 4 min read • Last month
ThetaRay appoints Laure Richmond as chief financial officer
Data Analytics

ThetaRay appoints Laure Richmond as chief financial officer

The hire comes as the financial crime compliance software group expands globally to meet tougher anti-money laundering rules and rising scrutiny.

By Mara Sugue • 4 min read • Last month
Coinbase helps Singapore police curb crypto scam losses
Crypto

Coinbase helps Singapore police curb crypto scam losses

Crypto scam losses in Singapore fell 43% as police and Coinbase teamed up to identify more than 720 potential victims and stop S$18.9 million in losses.

By Mara Sugue • 3 min read • Last month
ACAMS launches crypto crime training with Chainalysis
Crypto

ACAMS launches crypto crime training with Chainalysis

Compliance teams are being pushed to learn blockchain tracing as illicit crypto activity keeps rising and digital assets enter mainstream finance.

By Karen Joy Bacudo • 4 min read • Last month