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Tag: financial crime 2025
FATF urges risk-based AML to boost financial inclusion
The Financial Action Task Force (FATF) has released new guidance aimed at helping countries and financial institutions strike a better balance between combating financial...
Sumsub launches AI tool to fight rising financial crime
Sumsub, a global leader in verification and anti-fraud solutions, has launched a major upgrade to its Case Management system, introducing a powerful AI assistant...
BoE tests AI to detect novel fraud in real time
The Bank of England (BoE), in collaboration with the BIS Innovation Hub in London, has conducted a pioneering experiment using AI to detect fraud in retail payment systems.
Singapore weighs caning for scammers as financial losses surge
Singapore is considering introducing caning as a punishment for scammers, following a surge in fraud-related financial losses that placed the country at the top...