Anti-money laundering (AML) stories

With crime costing Australia up to AUD $60.1 billion a year, robust PEP and sanctions screening is now a strategic necessity for business.

AI-native cyber attacks and synthetic IDs are forcing firms to shift from periodic checks to continuous, AI-driven security testing by 2026.

UK unveils GBP £15 million anti-corruption drive, but experts warn sidelined fraud strategy leaves main source of dirty money unchecked.

Thirdfort adopts iProov biometrics to streamline UK property ID checks and combat AI-driven fraud in deals worth billions of GBP £1.6bn+.

AI-fuelled synthetic ID fraud is surging, set to cost firms USD $23 billion by 2025 and USD $58.3 billion by 2030 without stronger checks.

Block Earner links with Worldpay to let Australians fund accounts instantly and buy crypto via major cards and mobile wallets.

Online gaming faces a hidden surge of fake players; here’s how operators can detect bots, fraudsters and protect fair play at scale.

Group-IB has launched a Cyber Fraud Intelligence Platform to help UK banks tackle GBP £600m fraud by securely sharing real-time risk signals while ensuring data privacy.

Europe's new anti-money laundering rules mandate AI integration, as legacy systems fail to meet rising financial crime challenges and regulatory standards.

Europe's new AML rules mandate AI integration as legacy systems fail to detect complex financial crimes, urging banks to upgrade compliance technology now.

KuCoin has secured AUSTRAC registration, expanding its regulated digital currency services and bolstering compliance for Australian users with a new Sydney base.

SEON launches enhanced AML platform tools to help businesses manage complex cross-border compliance with flexible screening and investigative analytics.

OSINT enables supply chain leaders to uncover hidden risks like forced labour and sanctions, ensuring ethical practices and regulatory compliance globally.

BioCatch launches Connect 2.0, a platform using behavioural and device data to fight rising digital banking fraud and AI-driven financial crimes globally.

UK digital asset investments have shifted to institutional platforms, now capturing over 70% of funding with GBP £2.7 billion raised since 2015.

ThetaRay’s AI modules for AML and sanctions screening have gained key validation from Kaufman Rossin, aiding compliance with evolving US and EU regulations.

Cleanverse International launches a compliance-native layer in Singapore, linking verified identities to stablecoins for regulated, traceable on-chain finance.

UK conveyancing faces tougher anti-money laundering checks as 73% of law firms' suspicious activity reports link to property transactions.

Teachers Mutual Bank has sped up identity checks from three days to under a minute by upgrading to Boomi's real-time integration platform, enhancing member experience.

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