Financial Crime and Fraud Detection
Automated systems flag suspicious transactions, detect fraud patterns and support money laundering investigations across both banks and law enforcement. The rate of false positives, and the consequences for those wrongly flagged, are a persistent issue.
Latest coverage
The Ninth Circuit Court of Appeals has agreed with EFF that building a web browser does not violate the Computer Fraud and Abuse Act (CFAA). The decision follows a lawsuit where…
A Metro Bank customer is fighting to recover more than £14,000 after bank systems failed to stop a fraud involving an artificial intelligence chatbot. Cash taken without…
A new regulation known as the KI-MIG law entered into force in Germany on 29 July 2026. Under the legislation, Germany's financial regulator, BaFin, has been granted the authority…
Artificial intelligence is lowering barriers for criminals to buy ready-made scam phone farms and carry out fraud, researchers have warned. Security firm Human Security bought and…
The Delhi Police has debunked a fake notice circulating on social media that falsely claimed authorities used facial recognition technology to identify protesters. Designed to…
The Delhi Police has debunked a viral notice that falsely claimed facial recognition technology was being used to track and summon individuals at locations including Jantar Mantar…
The Home Office has accepted key recommendations from Jonathan Fisher KC’s Independent Review of Disclosure and Fraud Offences, agreeing to introduce legislation allowing police…
Hyderabad City Police Commissioner VC Sajjanar has outlined a technology-driven strategy to transition the force towards intelligence-led, data-driven enforcement. The initiative…
Cybercriminals fear artificial intelligence tools could take away their work, according to researchers at cybersecurity firm Sophos. Sophos analysed chatter across dark web…
A North Korean fraud cell used artificial intelligence to help fake job applicants infiltrate Western firms, risk intelligence company Nisos has revealed. The operation unravelled…
Angela Lipps, a 50-year-old grandmother from Tennessee, spent more than five months in jail after an artificial intelligence facial recognition system wrongly flagged her as a…
Joan Lawcewicz, a financial crimes investigator in Chippewa Falls, has warned that scammers are using artificial intelligence to alter voices and pictures to deceive the public.…
The Bowman Police Department has advised residents to remain alert to phone calls seeking money, which may utilise voice cloning. Police Chief Charles Headley highlighted the…