Money Laundering stories

Nearly 24% of Instagram posts tagged as ‘quick-money’ offers are linked to money mule recruitment, posing major challenges for law enforcement and platforms.

InsightAI raised INR ₹11 million in pre-seed funding to expand its AI-driven anti-money laundering solutions across India and the Middle East markets.

Investment scams top UK search trends with over 2 million victims in 2025, revealing a surge in fraud involving cryptocurrency and real estate schemes.

AI-driven ransomware attacks surge across Asia Pacific and Japan, with decentralised Chinese cybercrime marketplaces and eCrime services fueling the boom.

Canada unveils its first National Anti-Fraud Strategy and a Financial Crimes Agency to tackle rising fraud losses, which hit CAD $643 million in 2024.

Global financial authorities are likely to miss their 2027 target to improve cross-border payments, with costs and regulatory hurdles still impeding progress.

US money laundering cases rose 168% in H1 2025, with scams costing Americans USD $6.5 billion amid rising AI-driven fraud and stablecoin use.

Australian banks invest heavily in AI but struggle to realise value amid complex compliance, fragmented data, and rising customer trust concerns, experts say.

Task scams have cost jobseekers millions, with Trend Micro warning of a surge in frauds using fake jobs to trick victims into losing thousands of dollars.

UK plans to enforce digital ID checks for company directors face criticism over security flaws in the GOV.UK One Login system and risks during a phased 12-month rollout.

Credas launches the UK’s first reusable compliance wallet to cut property ID checks from 5.4 to one, speeding up homebuying with verified digital credentials.

Trend Micro warns that rising deepfake and AI crimes threaten business trust, with fraudsters using synthetic media to impersonate executives and bypass security.

Cyber scams and payment fraud are surging in Australian real estate, prompting experts to push for digital identity solutions to boost security and cut risks.

UK banks face rising fraud losses up to GBP £40 million as criminals outpace detection despite growing use of behaviour-based analytics and increased tech spending.

SEON expands its Asia-Pacific team in response to growing demand for advanced fraud prevention and anti-money laundering solutions across the region.

UK mobile banking fraud surged 11% in 2024 as scammers shift from voice scams, with card fraud and remote iOS attacks also on the rise, reports BioCatch.

Mandiant's 2024 report reveals a rise in financially motivated cyber attacks, with 55% of threat groups seeking profit, while detection remains a major challenge globally.

Reports indicate a staggering 63% rise in the misuse of savings accounts for fraud in the UK last year, outpacing a 12% increase in current accounts.

Secureworks' Counter Threat Unit reveals a marked shift in the ransomware landscape, with LockBit's influence waning amidst coordinated law enforcement efforts.

Moody's highlights a six-year high in romance scams, unveiling 1,193 new entities globally in 2024, with the US leading at 38% of cases.