#financial crime
13 stories
The ‘C’ in CFO Now Stands for Cybersecurity, Thanks to AI
AI shifts CFO focus from security costs to cybersecurity efficiency as attackers exploit cheaper AI tools.
Pymnts · 1m
Bank of England chief warns social media firms enable fraud
Andrew Bailey calls for accountability from platforms hosting scams and deepfakes targeting the public.
The Independent · 1m
US fines Bank of America $1.2 billion for money laundering failures
The Treasury Department penalizes America's second-biggest bank for violating anti-money laundering and sanctions laws, the third-largest fine in departmental history.
ABC News · 1m
Prediction market Kalshi hires FBI agent to fight money laundering
As prediction markets face legal scrutiny, Kalshi brings in a former federal prosecutor to build defenses against financial crime.
NPR · 1m
2 Years of SDNY FinCrime Cases Show New Technology Scaling Old Vulnerabilities
New tech exploits old fraud vulnerabilities in financial systems.
Pymnts · 1m
OCC and Fed Fine American Express $350 Million Over AML Deficiencies
American Express pays $350m penalty for money laundering failures.
Pymnts · 1m
Liberia Intercepts $400k Undeclared Cash
Liberian police seize $400,000 in unreported cash during border check.
Allafrica · 1m
AI Access Becomes Cybercriminal Commodity
Cybercriminals now trade AI access at discounts up to 97% on dark web markets.
Pymnts · 1m
Holy See Calls for Responsibility to Fight Financial Crime
Holy See urges culture of responsibility to counter new financial crimes.
Vaticannews · 1m
Kastle raises $24M to bring AI agents to lenders
A startup says it has solved the adoption gap that keeps banks from deploying AI by letting agents work within existing systems.
Pymnts · 1m
Outdated payment tech fuels welfare fraud epidemic
Romanian crime gangs exploit 1960s magnetic stripe technology to steal hundreds of millions from government benefit systems.
Pymnts · 1m
Banks deploy AI agents to audit every compliance case
AI agents promise banks continuous monitoring instead of sample-based audits, but only if humans stay in control of consequential decisions.
Pymnts · 1m
UK targets money laundering networks, not just criminals
Britain is spending 500 million pounds to disrupt tech-enabled financial crime networks instead of chasing individual offenders.
Pymnts · 1m