Financial crime stories - Page 6

Nearly 24% of Instagram posts tagged as 'quick-money' offers are linked to money mule recruitment, posing major challenges for law enforcement and platforms.

Investment scams top UK search trends with over 2 million victims in 2025, revealing a surge in fraud involving cryptocurrency and real estate schemes.

A FICO survey reveals 70% of UK consumers rank fraud protection as a top priority when choosing banks, reflecting rising security concerns.

Allvue launches enhanced AI tools including Andi Document Extraction and Loan Hunter integration to boost efficiency in private investment workflows.

Fraud losses in the UK rose to GBP £629.3m in early 2025 despite banks blocking GBP £870m in unauthorised fraud attempts, driven by online scams.

TISA supports HM Treasury and OFSI's reforms to create a fairer, more consistent sanctions enforcement system, encouraging early settlements and transparency.

Russia, the US and Brazil top the Executive Crypto Threat Index as the riskiest countries for wealthy cryptocurrency holders in 2025, while Japan and Singapore are safest.

Global scam attempts have surged 65% over the past year, with smishing rising tenfold as banks worldwide battle increasing fraud risks.

UK banks have refunded GBP £112m to victims of APP fraud under new rules, yet scam levels continue to rise, prompting calls for stronger prevention measures.

UiPath launches new AI automation suite with pre-built solutions and orchestration tools to boost enterprise efficiency and ROI in AI transformation.

Blackdot Solutions launches Videris Automate, an AI platform to speed up financial crime probes by automating intelligence gathering and risk analysis.

Credas has launched its Compliance Wallet to reduce duplication and speed up property sector compliance checks with 15 million wallets available at launch.

Card fraud losses in Europe rose to EUR €1,578 million in 2024, with the UK leading both total and Card Not Present fraud losses amid evolving crime tactics.

SAS has been named Market Leader in AI-driven fraud and AML case management, praised for its stable platform and advanced cloud-native AI features.

Saviynt appoints Kevin Spurway, with 20+ years in enterprise SaaS marketing, as Chief Marketing Officer to boost growth and market leadership.

UK plans to enforce digital ID checks for company directors face criticism over security flaws in the GOV.UK One Login system and risks during a phased 12-month rollout.

The UK plans to ban ransom payments in the public sector and mandate private firms to report such payments, aiming to curb rising ransomware attacks.

BioCatch has launched Scams360 to help UK banks cut social engineering scam losses, which reached £450 million in 2024, using advanced behavioural biometrics.

Celonis and Bright Cape launch Smart KYC Control Tower app to help financial firms cut costs, boost compliance and improve customer experience in KYC processes.

Spanish banks report a 23% drop in fraud attempts thanks to behavioural tech, yet social engineering scams now make up 58% of fraud cases in 2025.