World Business
Epoch Times Ex-CFO Pleads Guilty in $67M Multinational Money Laundering Scheme
The former CFO of The Epoch Times, Weidong “Bill” Guan, pleaded guilty to conspiracy in a $67 million money laundering scheme, admitting...
#financial crime 9 articles
Stocks
AI Agents Chase Billions in Stolen Funds After Instant Transfers
As instant payments accelerate fraud, financial institutions are deploying advanced AI to trace stolen funds post-clearance. New agentic AI systems and cross-border...
Finance
Nvidia Pushes Banks to Hunt Fraud Rings, Not Just Bad Charges
Nvidia's new AI blueprint aims to transform bank fraud detection from single-transaction analysis to identifying organized fraud rings by mapping relationships across...
World Business
UK Regulator Freezes Euro Exchange Securities on Financial Crime Fears
The UK's FCA has blocked Euro Exchange Securities from providing payment services, citing serious concerns over financial crime risks and systemic weaknesses.
Finance
Ghost Brokers Target Young Drivers with Fake Car Insurance
Young drivers are falling victim to 'ghost brokers' selling non-existent car insurance online, warns the FCA. Half of 16-25 year olds surveyed...
Finance
Loan Shark Threats: Why Victims Remain Silent
Intimidation and fear of violent repercussions keep victims of illegal money lenders from reporting them, despite crippling debt and threats. BBC Investigations...
Finance
Canada Accelerates Payments Modernization with Real-Time Rail
Minister François-Philippe Champagne reaffirmed the government's commitment to payments modernization and the Real-Time Rail at The Payments Canada SUMMIT, emphasizing its role...
Investing
US Treasury: Better Identity is Key to Smarter AML
The US Treasury Department is emphasizing enhanced digital identity verification as crucial for modernizing anti-money laundering (AML) efforts, aiming to cut through...
Finance
AI Fuels 71% Jump in Insurance Fraud
Insurers grapple with a surge in fraudulent claims, as AI-generated images of fake damage and non-existent items become a growing threat.