Money Laundering stories
![Story image](../../../../../uploads/story/2024/06/26/preview_techday_2012811c4d50f3eb7e4d.webp)
BioCatch report underscores evolving fraud landscape in APAC
Last month
#
endpoint protection
#
fintechs
#
email security
BioCatch's latest report on APAC digital banking fraud trends reveals a 70% rise in mobile app fraud and a dramatic 108% surge in voice scams, alongside a notable decline in fraud losses in Australia.
![Story image](../../../../../uploads/story/2024/06/18/preview_techday_820d67444d5046811e81.webp)
Group-IB helps bust Southeast Asian cyber fraud syndicate
Last month
#
cybersecurity
#
cybercrime
#
fraud
Group-IB aided a tri-nation police operation that dismantled a cyber fraud syndicate, linking it to over 1,899 cases in Singapore and losses exceeding USD $25 million.
![Story image](../../../../../uploads/story/2024/06/07/preview_img-c4oEddG5IrNE0odW6Qnl7tkj.webp)
Finance professionals lead in AI adoption, report reveals
Last month
#
cryptocurrency
#
fintechs
#
blockchain
Finance professionals lead AI adoption, with 63% utilising it for fraud detection and risk management. Marketing and sales show lower usage at 27% and 19%.
![Story image](../../../../../uploads/story/2024/05/28/preview_img-Emci3MdqA34eS2vqB4q0FmZz.webp)
NFT Workx launches .WRKX domain to combat counterfeits online
Wed, 29th May 2024
#
cx
#
martech
#
commerce systems
NFT Workx and Unstoppable Domains launch .WRKX Web3 domain, enabling tokenised identities to combat counterfeiting.
![Story image](../../../../../uploads/story/2024/05/15/preview_img-aEpbgLjL8xBifE4QeNicbqlr.webp)
First AML launches AI Assist to expedite compliance tasks
Wed, 15th May 2024
#
risk & compliance
#
ai
#
money laundering
First AML launches AI Assist, promising to reduce compliance tasks to 60 seconds, expediting KYC and AML processes by 90% through automated data extraction.
![Story image](../../../../../uploads/story/2024/05/10/preview_img-3pGwcaItQ3FpIQQSD0GUboI2.webp)
Report reveals 76% of banks face sophisticated fraud threats
Fri, 10th May 2024
#
biometrics
#
email security
#
money laundering
Report reveals increase in fraud cases amongst banks, with money laundering, account takeovers, and AI-generated threats posing significant risks.
![Story image](../../../../../uploads/story/2024/04/09/preview_img-neAUJvTCqLEOTxb2HrkJwKyB.webp)
Oracle launches AI-powered platform to combat money laundering
Tue, 9th Apr 2024
#
risk & compliance
#
ai
#
money laundering
Oracle unveils AI-powered Finance Services Compliance Agent to help banks combat a predicted $5.05tn in money laundering in 2024, through enhanced transaction monitoring and risk-control efficiency.
![Story image](../../../../../uploads/story/2024/03/14/preview_img-fZ6oXWw3Md8TeM0GWaTOtHLz.webp)
Ripjar unveils Compliance CoPilot for risk monitoring
Thu, 14th Mar 2024
#
ai
#
financial crime
#
ml
London's Ripjar launches Compliance CoPilot, an AI-risk management assistant, aiming to revolutionise threat monitoring.
![Story image](../../../../../uploads/story/2024/03/11/preview_img-4gk28Z23NuHHYqWZEYnvRiEk.webp)
SEON report warns of complex fraud challenges ahead in 2024
Mon, 11th Mar 2024
#
phishing
#
physical security
#
email security
SEON's 'Fraud Trends 2024' report warns of growing fraud challenges for businesses, citing AI advancements, Fraud-as-a-Service, and economic pressures as key factors.
![Story image](../../../../../uploads/story/2023/10/10/preview_GettyImages-1266975549.webp)
Redefining finance: How AI is revolutionising banking & cybersecurity
Tue, 10th Oct 2023
#
uc
#
cryptocurrency
#
fintechs
AI is transforming the finance sector, improving customer service, battling fraud, and making repayments efficient.
![Story image](../../../../../uploads/story/2023/09/20/preview_GettyImages-905147482.webp)
Revolutionising AML workflows, First AML launches Source
Wed, 20th Sep 2023
#
risk & compliance
#
money laundering
#
aml
First AML launches Source, a self-service platform to reinvent AML workflows, offering hope to businesses grappling with regulatory challenges.
![Story image](../../../../../uploads/story/2022/11/08/preview_GettyImages-1065824694.webp)
FortiGuard predicts rise in advanced threat methods
Tue, 8th Nov 2022
#
malware
#
cybersecurity
#
ar, vr & metaverse
New research predicts the convergence of advanced persistent threat methods with cybercrime, enabling a new wave of destructive attacks at scale.
![Story image](../../../../../uploads/story/2022/01/28/preview_GettyImages-1280690425.webp)
Cybercriminals laundered $8.6 billion worth of cryptocurrency in 2021 - report
Fri, 28th Jan 2022
#
malware
#
ransomware
#
data analytics
Chainalysis is releasing its latest money laundering report analysing money laundering activity from the previous year.
![Story image](../../../../../uploads/story/2021/08/30/preview_GettyImages-1227400133.webp)
DIA accused of being soft on vendor who delivered faulty software
Mon, 30th Aug 2021
#
risk & compliance
#
dia
#
money laundering
Documents released under the OIA reveal degraded intelligence systems at the Department of Internal Affairs, risking data integrity.
![Story image](../../../../../uploads/story/2020/11/27/preview_GettyImages-1226398998.webp)
Is the 'fast follower' mentality holding back anti-money laundering in Australia?
Fri, 27th Nov 2020
#
ai
#
cybersecurity
#
cybersafety
Australian banks are urged to invest in artificial intelligence to combat money laundering, with 68% believing it is the solution.
![Story image](../../../../../uploads/story/2020/10/30/preview_fintech.webp)
How the best tech deals get done using tech
Fri, 30th Oct 2020
#
ecm
#
document management
#
martech
Venture capital (VC) is a massive global industry, with record funding for startups, but tech isn't usually a factor. That's starting to change.
![Story image](../../../../../uploads/story/2018/05/30/preview_6b91ee1bb134470088807b41c682dc69.webp)
Singapore-based AI startup scoops Australian RegTech award
Wed, 30th May 2018
#
money laundering
#
regtech
#
the regtech association
Singapore-based AI startup Silent Eight has won the top spot at the RegTech Association Australia’s inaugural pitch fest this year.
![Story image](../../../../../uploads/story/2018/05/16/preview_ThinkstockPhotos-514727623.webp)
ACIP releases best practices to stamp out financial crime in Singapore
Wed, 16th May 2018
#
money laundering
#
monetary authority of singapore
#
financial institutions
Singapore must not tarnish its reputation as an international financial centre and transport hub by becoming a transit point for money laundering.
![Story image](../../../../../uploads/story/2018/03/17/preview_ThinkstockPhotos-469225644.webp)
Cybercriminals laundering $200b in ill-gotten gains – here’s how
Sat, 17th Mar 2018
#
blockchain
#
cryptocurrency
#
cybersecurity
A new report from Bromium has landed with a number of startling findings, including the confirmation of a bustling cybercrime laundry market.
![Story image](../../../../../uploads/story/2018/02/12/preview_ThinkstockPhotos-639637280.webp)
C6 Intelligence expands Asia footprint with new managing director
Mon, 12th Feb 2018
#
corruption
#
money laundering
#
c6 intelligence
Cybercrime prevention agency C6 Intelligence has expanded its Asia operations through the appointment of a new APAC managing director for the region.