Financial crime stories - Page 2

LemFi wins AUSTRAC approval to launch remittances in Australia, targeting a USD $38.2 billion outbound market serving migrant communities.

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

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

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

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.

Crypto exchange WazirX is integrating Fireblocks technology to tighten custody, access and transaction controls for its 16m users.

APAC banks face heavy manual compliance workloads as poor data quality and legacy systems stall AI adoption, survey respondents warn.

Australian banks report the region’s worst compliance screening disruption, as ageing systems and manual workloads strain checks and onboarding.

Mphasis Q3 revenue rises on AI-led projects as it secures new deals worth USD $428m, boosting growth despite flat sequential profit.

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

Banking Circle wins 2026 AP+ committee seat, vowing to champion fintech needs and speed instant payment adoption across Australia.

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.

PEXA launches PEXA Clear AML tool for Australian property sector, ahead of new AUSTRAC Tranche 2 rules starting 1 July 2026.

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

SEON posts over 80% ARR growth, boosts API usage 250% and secures USD $80 million Series C to scale AI-powered fraud and AML platform.