Financial crime Stories - Page 13

Asian Stories

Financial crime stories

Qilin ransomware targets 25 Korean finance firms in cyber surge

Qilin ransomware group has targeted 25 South Korean finance firms using managed service providers, exposing 2TB of data in a politically charged cyberattack surge.

By Melania Watson • 3 min read • Tue, 25th Nov 2025

Global Stories

Financial crime stories

Digital Transformation

In finance, intelligence is human before it is artificial

Despite billions invested in AI, financial firms see slow adoption as solutions must prioritise trust, transparency, and augment human judgement over automation.

By Zhuang Qiang Bok • 5 min read • Sat, 22nd Nov 2025

Risk & Compliance

SEON unveils advanced compliance tools for cross-border AML

SEON launches enhanced AML platform tools to help businesses manage complex cross-border compliance with flexible screening and investigative analytics.

By Sean Mitchell • 3 min read • Fri, 21st Nov 2025

Risk & Compliance

BioCatch unveils Connect 2.0 to combat rising banking fraud

BioCatch launches Connect 2.0, a platform using behavioural and device data to fight rising digital banking fraud and AI-driven financial crimes globally.

By Melania Watson • 3 min read • Fri, 21st Nov 2025

Fintech

ThetaRay's AI compliance modules gain vital industry validation

ThetaRay's AI modules for AML and sanctions screening have gained key validation from Kaufman Rossin, aiding compliance with evolving US and EU regulations.

By Melvin Hipolito • 2 min read • Fri, 21st Nov 2025

Risk & Compliance

New data shows AI-driven fraud surges, professionals unprepared

Most anti-fraud experts report a surge in AI-driven fraud, yet under 10% feel prepared to combat rising deepfake and synthetic identity threats.

By Jake MacAndrew • 3 min read • Fri, 21st Nov 2025

Data Analytics

AI-powered deepfakes drive surge in global business & consumer fraud

AI-driven deepfakes are fuelling a global surge in fraud, with 77% of anti-fraud experts reporting increased incidents and 83% expecting further rises soon.

By Shannon Williams • 4 min read • Wed, 19th Nov 2025

Stories from Other Regions

Financial crime stories

Data governance

AI tools now essential as Europe tightens anti-money laundering rules

Europe's new anti-money laundering rules mandate AI integration, as legacy systems fail to meet rising financial crime challenges and regulatory standards.

By Sean Mitchell • 3 min read • Fri, 5th Dec 2025

Crypto

Europe's AML overhaul demands AI for effective compliance

Europe's new AML rules mandate AI integration as legacy systems fail to detect complex financial crimes, urging banks to upgrade compliance technology now.

By Sean Mitchell • 3 min read • Tue, 2nd Dec 2025

Payment Technologies

Australia's real-time network stops AUD $60m in fraud attempts

Australia's real-time network has blocked over AUD $60m in fraud attempts, protecting 85% of bank customers with advanced behavioural payment analysis.

By Catherine Knowles • 3 min read • Fri, 28th Nov 2025

Risk & Compliance

Wellinghoff joins Payments Association board to drive compliance

Willem Wellinghoff, Ecommpay's Chief Compliance Officer, has joined The Payments Association Advisory Board to enhance compliance and support industry growth in the UK.

By Sean Mitchell • 3 min read • Mon, 24th Nov 2025

Fintech

US banks increase AI spending to tackle USD $12.5 billion fraud

US banks boost AI spending to combat rising check fraud, linked to USD $12.5 billion loss, ahead of the holiday season peak in fraudulent activities.

By Melvin Hipolito • 3 min read • Sat, 22nd Nov 2025

Email Security

AI-driven identity fraud costs UK economy GBP £1.8 billion yearly

AI-driven identity fraud costs UK economy GBP £1.8 billion yearly, with synthetic identities causing 42% of cases amid rising festive season threats.

By Catherine Knowles • 3 min read • Fri, 21st Nov 2025

DevOps

Tokenovate expands senior team to drive digital settlement growth

Tokenovate has bolstered its senior engineering team with four key hires to enhance digital settlement and meet rising client demand ahead of T+1 settlement in 2027.

By Melvin Hipolito • 2 min read • Fri, 21st Nov 2025

Data Analytics

Identity fraud: The double-edged sword of trust and technology

AI-driven identity fraud in the UK has surged over 2,100% since 2021, with synthetic identities risking a £4.2 billion cost by 2027 without stricter screening.

By Dave Rossi • 4 min read • Thu, 20th Nov 2025

Data Analytics

Unlocking hidden connections: The next frontier in financial data strategy

Graph databases are revolutionising finance, helping firms detect fraud, enhance compliance, and harness AI by mapping complex data relationships in real time.

By Michael Down • 5 min read • Wed, 19th Nov 2025

Risk & Compliance

New UK director ID rules spark concerns over fraud risk

New UK rules require company directors to verify identity, but with under 15% compliance, experts warn fraud risks and operational strains on banks loom large.

By Shannon Williams • 4 min read • Wed, 19th Nov 2025