Financial crime stories

Legal Brokers launches iDWallet app in the UK, promising faster biometric ID checks as sectors face tougher anti-money laundering demands.

Okta warns North Korean operatives are landing remote tech jobs with stolen and synthetic identities to fund the regime and enable cyber attacks.

Young Australians lose over AUD $2.2 million as fake flexible job offers surge, with scammers recruiting money mules via texts and social media.

McAfee warns Australians AI-powered romance scams are surging ahead of Valentine’s Day, with one in seven victims losing an average AUD $780.

AI-driven romance scams now cost UK victims GBP £20.5 million, spreading from dating sites to everyday apps and evading bank checks.

UK romance scam losses top GBP £106m as organised fraudsters exploit Valentine’s surge, with average victims losing more than GBP £11,000.

Open source intelligence tools are helping investigators rapidly uncover tax and benefit fraud by exposing inconsistencies in online data.

Nium strengthens global payments push with new chiefs for risk, technology and marketing as AI, stablecoins and regulation reshape the sector.

FDATA names Sumsub policy lead Kat Cloud to its board, signalling a sharper focus on identity, fraud and security in North American open finance.

Google Cloud and Entrust strike AI-based identity fraud pact as UK firms face rising injection attacks and losses of about GBP £1.8 billion.

AI-powered fraud rings industrialise online romance scams, fuelling USD $5.7 billion in losses and ushering in a ‘dark age’ for victims.

UiPath buys AI compliance specialist WorkFusion to automate banks’ financial crime checks as monitoring workloads and governance demands surge.

Ripjar names Matt Mills Chief Executive to spearhead global expansion as regulatory pressure fuels demand for smarter crime screening tech.

Revolut passes 1m Australian customers and vows nearly AUD $400m investment, stepping up its challenge to local digital banking rivals.

Sygnia links 150+ domains to a global recovery-scam ring posing as law firms, using WhatsApp and cloned sites to repeatedly target victims.

Commonwealth Bank unveils a responsible AI blueprint, detailing governance, safeguards and fraud controls as scrutiny of automation grows.

Upcover adds deepfake incident cover to cyber policies in Australia via Coalition, targeting rising AI impersonation and fraud risks.

SEON launches global partner programme to embed its AI-powered fraud and AML tools deeper into platforms as online scams surge worldwide.

SME Bank turns to Flagright’s AI-native platform for real-time AML monitoring and watchlist screening as it scales across northern Europe.

SEON wins Frost & Sullivan’s 2025 Global Enabling Technology Leadership Award for AI-driven fraud and AML platform innovation.