Safe AI for AML: How Flagright avoids hallucinations
In the world of financial crime compliance, disposition narratives—summaries of an alert or case—are pivotal. They form the written justification for closing or escalating...
The best financial crime books to read on holiday
For those working in compliance, fraud or anti-money laundering (AML), professional development doesn’t need to pause just because it’s summer. In fact, it can...
Wordwatch names Mike Wardell as executive chairman
Wordwatch has appointed Mike Wardell as executive chairman of both Wordwatch and its sister company, BSL a specialist in customer contact and compliance solutions.
Wordwatch...
Red Oak hires top execs to drive growth and innovation
Red Oak, the only Compliance Connectivity Platform serving the financial services sector, has announced a major expansion of its leadership team.
The company has...
HeroDevs raises $125m to safeguard open source software
HeroDevs, a provider of security and compliance solutions for deprecated OSS, has secured $125m in a strategic growth investment round.
The round was led by...
Inside the push for cross-border AML collaboration
Criminals thrive on inconsistency. In the world of anti-money laundering (AML), gaps in jurisdictional oversight, fragmented reporting frameworks, and variable regulatory standards create opportunities...
Agentic AI set to transform compliance savings in 2025
New research from Fenergo has revealed that a growing number of financial institutions are turning to agentic AI to transform their compliance operations, with...
Altman warns AI may spark global fraud crisis
OpenAI CEO Sam Altman has warned that the rise of artificial intelligence could soon trigger a widespread “fraud crisis”, particularly as current authentication methods...
Why payment fraud is surging and how to stop it
In early 2025, Block—the parent company of Cash App—agreed to pay up to $255m to settle claims that criminals had used its platform for...
BaFin launches digital AML officer reporting system
Germany’s financial regulator BaFin has introduced a new digital procedure for the prior notification of appointments, changes, or dismissals of money laundering officers (Geldwäschebeauftragter)...
