Tags: Financial Crime

In 2024, the global economy saw over $3.1 trillion in illicit funds, with money mules playing a key role in laundering these transactions. Financial institutions…

Financial institutions face challenges in creating in-house AI solutions for financial crime compliance (FCC), including prolonged timelines, resource demands, and diminishing returns. In contrast, integrating…

The convergence of cybersecurity and financial crime poses significant challenges for regulators and businesses as digital threats evolve. Cyber threats like ransomware and business email…

High-profile financial crime scandals over the past decade, such as the Danske Bank money laundering case, Wirecard’s accounting fraud, and the 1MDB corruption scandal, have…

As 2025 approaches, businesses face increasing challenges in regulatory compliance, especially those in sectors prone to financial crime. A report by SmartSearch highlights the urgent…

SPP Pension & Försäkring has partnered with Acuminor to enhance its financial crime risk assessment capabilities, focusing on combating money laundering, terrorist financing, and sanction…

Artificial Intelligence (AI) agents are transforming financial crime compliance teams by automating repetitive tasks like transaction monitoring and adverse media searches. This automation enables compliance…

Hackers have stolen approximately $1.4 billion in Ethereum from the crypto exchange Bybit, marking the largest crypto heist to date. Investigators, including ZachXBT and blockchain…

Fenergo, a leader in AI-enhanced Client Lifecycle Management (CLM), has partnered with PwC to accelerate the deployment of its KYC and CLM solutions globally. This…

The Financial Conduct Authority (FCA) is promoting the safe adoption of artificial intelligence (AI) in the UK financial sector through initiatives like the AI Lab,…