AI, Sanction Screening & KYC Fuel $9.38B AML Market
Financial crimes are happening more often and becoming harder to detect. That’s why strong Anti-Money Laundering (AML) compliance is more important than ever. Financial institutions are choosing sma...
Swilly Mulroy Credit Union fined €36,273 by Central Bank
With the growing frequency of financial crimes and the complexity of the same it becomes increasingly crucial to have a strong Anti-Money Laundering (AML) compliance. This was recently highlighted by ...
The UAE Central Bank Fined $953,029 on Exchange House for Money Laundering
In its continued effort to uphold financial integrity, the UAE Central Bank has slapped a fine of about Dh3.5 million ($953,029) on an exchange house for breaching anti-money laundering and counter-te...
Four men indicted for bank fraud and money laundering conspiracy
Following a joint investigation with Homeland Security Investigations (HSI) Tampa, the Middle District of Florida has indicted four men for bank fraud and conspiracy to commit money laundering amounti...
BSB, a Small Texas Bank Files a Lawsuit against World’s Largest CU Over Business Check Frauds
The $180 billion Navy Federal Credit Union, one of the world’s largest CU is being sued by one of the smallest Texas banks, the $122 million Buckholts State Bank (BSB). The bank in a proposed class ...
Deepfakes a threat to Identity Verification and Fraud verification
Over the past couple of years, increasing identity fraud has majorly affected all industries. The industries affected by identity fraud are specifically banks, finance, crypto and fintech sectors. Glo...
Dubai authority breaks money laundering network worth over AED 641 million
Two big international organizations involved in money-laundering operations with illegal transfer of funds worth a total of AED641M have been successfully broken up in Dubai by the authorities working...
Quebec Man Sentenced for Smuggling 1000+ Fake ID Cards
A man from Quebec has been convicted to over 2 months or 30 months in prison. As per Canada Border Services Agency (CBSA) the sentence was given on Monday for trying to smuggle more than 1,000 counter...
Deepfake Attacks Surge with a 244% Rise in Digital Document Forgeries
As per the 2025 Identity Fraud Report there is an alarming increase in the number of AI-assisted identity fraud that are transforming the global cybersecurity. As evident by the report, there is a gro...
Monaco strengthened measures to combat money laundering and terrorism financing
Monaco has decided to reform the agenda to rectify identified deficiencies in a tall order. As of January 2023, Monaco received the evaluation report from Moneyval. The Principality has initiated four...
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