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Financial crime Stories - Page 8

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Financial crime stories

Tether backs Drift Protocol relaunch with GBP £150m
Crypto

Tether backs Drift Protocol relaunch with GBP £150m

Users hit by Drift Protocol’s USD $285 million exploit will be repaid as trading restarts under a recovery plan led by Tether.

By Karen Joy Bacudo • 3 min read • Fri, 17th Apr 2026
Ecommpay report says eCommerce fraud needs overhaul
Fintech

Ecommpay report says eCommerce fraud needs overhaul

Merchants face higher losses and uneven compliance burdens as a new report says fraud controls are failing to keep pace with social engineering.

By Sean Mitchell • 4 min read • Thu, 16th Apr 2026
BMO deepens quantum ties with Canadian & US groups
Data Protection

BMO deepens quantum ties with Canadian & US groups

The bank is positioning itself for long-term risks and opportunities in quantum, from encryption to fraud detection, through new North American partnerships.

By Joseph Gabriel Lagonsin • 5 min read • Wed, 15th Apr 2026
Oracle adds Lucinity AI investigation tools for banks
Digital Transformation

Oracle adds Lucinity AI investigation tools for banks

Banks using Oracle’s compliance software will get AI-led case handling, as the deal aims to cut manual work in money-laundering probes.

By Karen Joy Bacudo • 3 min read • Tue, 14th Apr 2026
Android banking trojan linked to Cambodia scam compound
Endpoint Protection

Android banking trojan linked to Cambodia scam compound

Banks and government agencies face a wider mobile fraud threat after researchers tied fake Android apps to a Cambodia scam compound.

By Joseph Gabriel Lagonsin • 3 min read • Mon, 13th Apr 2026
Cambodia scam compounds linked to mobile banking fraud
Data Protection

Cambodia scam compounds linked to mobile banking fraud

Banks and public bodies in 21 countries face device-takeover fraud that can steal SMS codes, biometric data and funds.

By Mark Tarre • 3 min read • Mon, 13th Apr 2026
Persistent launches merchant fraud tool on Databricks
Fintech

Persistent launches merchant fraud tool on Databricks

Banks and payment providers could cut fraud losses by up to 40% as the new system flags risky merchants earlier in the payment chain.

By Catherine Knowles • 3 min read • Fri, 10th Apr 2026
Custodia warns of AI record-keeping risk in finance
Unified Communications

Custodia warns of AI record-keeping risk in finance

Banks face wider compliance burdens as regulators scrutinise AI-generated messages, collaboration tools and cloud records across finance.

By Catherine Knowles • 3 min read • Fri, 10th Apr 2026
World Cup guide warns banks of scams & trafficking
Data Analytics

World Cup guide warns banks of scams & trafficking

Banks are being urged to watch for fraud and exploitation patterns as the 2026 World Cup is expected to fuel risky cross-border payments.

By Kaleah Salmon • 4 min read • Fri, 10th Apr 2026
iProov report warns of soaring iOS injection attacks
Unified Communications

iProov report warns of soaring iOS injection attacks

A 1,151% jump in iOS injection attacks in late 2025 has put mobile identity checks under fresh pressure, iProov says.

By Shannon Williams • 4 min read • Thu, 9th Apr 2026

Stories from Other Regions

Financial crime stories

NICE Actimize sets AI-heavy agenda for ENGAGE 2026
Data Analytics

NICE Actimize sets AI-heavy agenda for ENGAGE 2026

Banks are under pressure to curb faster-moving scams and deepfake fraud as NICE Actimize's conference puts AI at the centre of controls.

By Sean Mitchell • 4 min read • Fri, 17th Apr 2026
Equifax Canada warns of 31% rise in first-party fraud
Fintech

Equifax Canada warns of 31% rise in first-party fraud

More applicants are overstating income or other details, with credit card cases nearly doubling and Ontario seeing up to CAD $123 million in losses.

By Karen Joy Bacudo • 4 min read • Fri, 17th Apr 2026
UK bank scam attempts rise 62% as fraudsters shift tactics
Biometrics

UK bank scam attempts rise 62% as fraudsters shift tactics

Customers are increasingly being tricked into approving payments, as UK banks reported a 62% rise in attempted social engineering scams in 2025.

By Sean Mitchell • 4 min read • Thu, 16th Apr 2026
Japan urged to speed 5G rollout & boost digital trust
Unified Communications

Japan urged to speed 5G rollout & boost digital trust

Stronger safeguards and faster rollout could help Japan turn advanced connectivity into wider economic gains as scams and exclusion persist.

By Sean Mitchell • 4 min read • Wed, 15th Apr 2026
A 7-step enterprise fraud framework to redefine scam prevention
Customer Experience

A 7-step enterprise fraud framework to redefine scam prevention

Scam losses may top USD $1 trillion a year, forcing banks to use real-time intelligence and customer data to curb authorised push payments.

By Vineet Saxena • 4 min read • Mon, 13th Apr 2026
AUSTRAC flags foreign banks over weak money laundering
Email Security

AUSTRAC flags foreign banks over weak money laundering

Criminals could move proceeds abroad undetected unless foreign-owned lenders lift weak reporting and controls, AUSTRAC has warned.

By Karen Joy Bacudo • 4 min read • Mon, 13th Apr 2026
Australian accountants face AML reform readiness gap
Identity and Access Management

Australian accountants face AML reform readiness gap

Only 6% of accountants feel ready for July’s anti-money laundering rules, leaving small firms exposed to penalties and heavier compliance duties.

By Shannon Williams • 4 min read • Fri, 10th Apr 2026
My Databoss signs Barry Plant as AUSTRAC rules loom
Risk & Compliance

My Databoss signs Barry Plant as AUSTRAC rules loom

Real estate and law firms are racing to get compliant before AUSTRAC brings up to 100,000 professional services businesses under supervision in 2026.

By Sean Mitchell • 5 min read • Thu, 9th Apr 2026