Tags: Financial Crime

Financial institutions face increasing pressure to enhance anti-fraud strategies as financial crime becomes more sophisticated. In Poland, credit fraud attempts soared to 324.2 million PLN…

Financial crime poses a significant threat, costing the global economy approximately $1.6 trillion annually, prompting financial institutions to adopt integrated compliance solutions. MyComplianceOffice (MCO), a…

Capgemini has launched the pKYC sandbox, an innovative tool for financial institutions to implement real-time, continuous compliance in Know Your Customer (KYC) processes. This solution…

The Japanese government is planning a significant crackdown on fraud linked to illicit bank accounts and anonymous communication tools, addressing a surge in social media-driven…

Financial crime threatens government finances and societal well-being, particularly in the digital era where 80% of crimes involve online elements. Law enforcement agencies face challenges…

The FinCrimeTech50 list for 2025, published by FinTech Global, highlights innovative companies combating financial crime through advanced technology. Evaluating over 500 nominees, a panel of…

Quantifind, a leader in AI-driven risk intelligence, is transforming financial crime compliance. In 2024, the company experienced a 200% revenue increase and secured $22 million…

CSI has launched two AI-driven platforms, TruDetect and TruProtect, in partnership with DATASEER, aimed at enhancing anti-money laundering (AML) compliance and fraud detection for financial…

Discussions on anti-money laundering (AML) reporting thresholds have intensified, with major U.S. banks proposing to raise the currency transaction report (CTR) threshold from $10,000 to…

Money laundering is a process used by criminal organizations to disguise illicit profits and integrate them into the legitimate economy. It occurs in three stages:…