More From Financial Crime Threats
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ArticleBanks poised for increased risk due to AI
A leading banking regulator has issued a stern warning over the risks that financial institutions face as they move to integrate artificial intelligence (AI) and machine learning (ML) into governance operations.
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ArticleNew bill proposes US federal data privacy framework
Senate Commerce Committee Chair Maria Cantwell and House Energy and Commerce Committee Chair Cathy McMorris Rodgers have unveiled the American Privacy Rights Act.
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ArticleUS citizens want stronger AI laws
Concerns over personal privacy are intensifying among US citizens in the face of rapid AI tech development, a new study shows.
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ArticleUS bolsters AI regulation and compliance standards
Deputy Attorney General Lisa Monaco recently gave a speech outlining a new Department of Justice drive to tackle criminal behaviour and compliance issues associated with AI technology.
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ArticleAI leading to reduction in staff numbers
AI is set to result in reduced employment across many companies over the next five years, a recent survey by staffing provider, Adecco suggests.
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ArticleAI safety test collaboration announced between UK and US
The United Kingdom and United States have unveiled a fresh collaboration move on AI safety in a bid to address mounting worries over the technology’s rapid evolution and what it may mean for business.
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ArticleRisk and reward: How AI is driving the US debt collection industry
Artificial intelligence (AI) is making significant strides in debt collection in the United States, delivering improved efficiency and more effective compliance with regulations. However, many are concerned about potential bias and harassment risks.
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News58 arrested in Europe over alleged money laundering, fraud and drug trafficking
Tax police in Italy have announced the arrest of 58 individuals suspected of money laundering, fraud and drug trade activities, allegedly supported by illicit currency brokers from China.
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NewsCollaboration central to new UK bill designed to fight financial crime
In its bid to become a global fintech centre and financial services leader, the UK has inadvertently made itself a larger target for the financial criminals, experts argue.
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NewsCorruption and uncertainty dominate political climate in Bulgaria
Experts fear that Bulgaria’s political system could near the brink of collapse this summer if the state is not able to establish a new government and effectively combat endemic corruption.
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NewsID theft hits USA’s southern states most through 2022
New research has revealed that citizens in the southern states of the US suffered most from ID theft in 2022 compared with the rest of the country, with millennials most likely to be the victims.
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NewsEBRD and ACAMS work to enhance anti-financial crime training in Middle East and North Africa
In an effort to bolster anti-money laundering (AML) and sanctions compliance efforts, the European Bank for Reconstruction and Development (EBRD) and the Association of Certified Anti-Money Laundering Specialists (ACAMS) have partnered to provide more robust training programs in Egypt, Jordan, Lebanon, Morocco, Tunisia, the West Bank, and Gaza.
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EventFinCrime: Regional Focus with Exterro
FinCrime: Regional Focus with Exterro is a one-day livestream event, taking place on 24th November 2022, which will untangle the global financial crime landscape, focusing in on seven key regions.
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FeatureAnother Bad Week Underlines Crypto’s Security Problem
Two crypto heists this week caused nearly $200 million in losses. Seemingly every week there are stories about similar incidents. But is there a security problem with the blockchain itself, or with the software and systems designed to facilitate its use?
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FeatureESG is Becoming a Magnet for Financial Crime
When policy is in the process of shifting from a broad principle-based concept to rules-based law it often becomes an open window of opportunity for criminality.
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Feature#RISK Is Everyone’s Business
#RISK will deliver actionable insights on the most critical challenges impacting organisations.
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FeatureEmerging Threats Within Bribery, Corruption, & AML
Even with strategies and processes designed at mitigating bribery and corruption, these threats appear to be continuously emerging as individuals throughout the organization can and will find ways to sneak past these safeguards and utilize resources for their own personal gain.
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FeatureThe Crackdown on the Illicit-Finances Aiding Oligarchs
The United States Department of Treasury has outlined actions it plans to take to address illicit finance, saying Russia’s invasion of Ukraine had underscored the need to close regulatory loopholes and step up the fight against related financial crime and transnational corruption.
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FeatureThe Expanded Threat of Money Laundering through NFTs and Digital Assets
It’s a tale as old as time how to cheat the state. Real estate and art have long been a common refuge for financial sleight of hand.
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FeatureAI, AML regulations and AML monitoring centre stage at FinCrime Focus: Anti-Money Laundering
FinCrime Focus: Anti-Money Laundering delivered expert insight and guidance for financial leaders and senior practitioners working within financial crime.