Financial crime stories

AI-fuelled scams help push illicit finance to an estimated USD $4.4 trillion in 2025, with fraud losses hitting USD $579.4 billion.

Finastra is embedding FraudAverse's AI-driven fraud checks into its Financial Messaging platform to secure real-time global and instant payments.

RedotPay wins new Canada, US and Argentina licences as it builds a global crypto payments hub and expands stablecoin-based services.

Creditinfo launches fraud and AML platform in Uganda, targeting rising digital payment risks and bolstering banks' compliance tools.

BioCatch launches DeviceIQ to scan mobile and web devices before login, spotting AI-driven fraud and compromised handsets in milliseconds.

Commerzbank taps Hawk's AI to cut false alerts and sharpen money-laundering detection, as regulators push banks to bolster AML controls.

Fintech integrators turn to Melissa's real-time, trusted data layer to sharpen KYB checks, slash onboarding friction and cut synthetic fraud.

Data specialist Melissa debuts a podcast probing how flawed customer and identity data fuels risk, fraud and compliance headaches.

UK unveils expanded fraud strategy, pledging GBP £250m and a GBP £30m Online Crime Centre to target fast-moving online and overseas scams.

iProov launches a biometric Workforce Solution Suite to verify real human presence and shield employers from deepfake-driven identity fraud.

Seven influencers with 4.5m Instagram followers were sentenced for pushing an illegal FX scheme in a case the FCA says should warn others.

AI is transforming work, pushing leaders to redesign global teams, roles and culture so people can shape intelligent systems, not fear them.

Property firms warn new UK digital ID rules still lack clear “confidence” levels, risking patchy compliance and confused procurement.

ACI Connetic for Cards promises unified issuing, acquiring and ATM processing as banks race to modernise card systems and fight fraud.

Fintech's risk frameworks are missing a vital safeguard: more women in decision rooms to challenge blind spots and prioritise resilience.

Scammers hijack Israel-Iran war headlines for classic advance-fee email cons, security researchers warn, urging users not to respond.

Fraud teams can unlock leadership pathways for women by breaking silos, sharing context and pairing mentorship with real decision power.

Bybit says its 2025 Dynamic Risk-Based Protection System stopped scams from draining over USD $300m in suspicious crypto withdrawals.

Women leaders at LexisNexis Risk Solutions hail 'Give to Gain' as a catalyst for inclusive leadership, mentoring and diversity in insurance tech.

In an AI-transformed workplace, women who embrace continuous reinvention and relevance over rank will define the next era of leadership.