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Australian Stories

Money Laundering stories

FinTech industry welcomes Govt's anti-money laundering rules for digital currencies
Crypto

FinTech industry welcomes Govt's anti-money laundering rules for digital currencies

Australia's FinTech sector endorses new Senate-approved anti-money laundering rules for digital currencies, aiming to bolster legitimacy and consumer trust.

By Sara Barker • 3 min read • Mon, 11th Dec 2017

Global Stories

Money Laundering stories

First AML launches AI Assist to expedite compliance tasks
Risk & Compliance

First AML launches AI Assist to expedite compliance tasks

First AML launches AI Assist, promising to reduce compliance tasks to 60 seconds, expediting KYC and AML processes by 90% through automated data extraction.

By Sean Mitchell • 3 min read • Wed, 15th May 2024
Oracle launches AI-powered platform to combat money laundering
Risk & Compliance

Oracle launches AI-powered platform to combat money laundering

Oracle unveils AI-powered Finance Services Compliance Agent to help banks combat a predicted $5.05tn in money laundering in 2024, through enhanced transaction monitoring and risk-control efficiency.

By Catherine Knowles • 3 min read • Tue, 9th Apr 2024
Ripjar unveils Compliance CoPilot for risk monitoring
Generative AI

Ripjar unveils Compliance CoPilot for risk monitoring

London's Ripjar launches Compliance CoPilot, an AI-risk management assistant, aiming to revolutionise threat monitoring.

By Shannon Williams • 3 min read • Thu, 14th Mar 2024
SEON report warns of complex fraud challenges ahead in 2024
Phishing

SEON report warns of complex fraud challenges ahead in 2024

SEON's 'Fraud Trends 2024' report warns of growing fraud challenges for businesses, citing AI advancements, Fraud-as-a-Service, and economic pressures as key factors.

By Tom Raynel • 2 min read • Mon, 11th Mar 2024
Revolutionising AML workflows, First AML launches Source
Risk & Compliance

Revolutionising AML workflows, First AML launches Source

First AML launches Source, a self-service platform to reinvent AML workflows, offering hope to businesses grappling with regulatory challenges.

By Sean Mitchell • 3 min read • Wed, 20th Sep 2023
FortiGuard predicts rise in advanced threat methods
Malware

FortiGuard predicts rise in advanced threat methods

New research predicts the convergence of advanced persistent threat methods with cybercrime, enabling a new wave of destructive attacks at scale.

By Mitchell Hageman • 4 min read • Tue, 8th Nov 2022
Cybercriminals laundered $8.6 billion worth of cryptocurrency in 2021 - report
Malware

Cybercriminals laundered $8.6 billion worth of cryptocurrency in 2021 - report

Chainalysis is releasing its latest money laundering report analysing money laundering activity from the previous year.

By Ryan Morris-Reade • 3 min read • Fri, 28th Jan 2022
How the best tech deals get done using tech
Document Management

How the best tech deals get done using tech

Venture capital (VC) is a massive global industry, with record funding for startups, but tech isn't usually a factor. That's starting to change.

By Steve Baxter • 3 min read • Fri, 30th Oct 2020
Singapore-based AI startup scoops Australian RegTech award
Risk & Compliance

Singapore-based AI startup scoops Australian RegTech award

Singapore-based AI startup Silent Eight has won the top spot at the RegTech Association Australia's inaugural pitch fest this year.

By Sara Barker • 2 min read • Wed, 30th May 2018
ACIP releases best practices to stamp out financial crime in Singapore
Money Laundering

ACIP releases best practices to stamp out financial crime in Singapore

Singapore must not tarnish its reputation as an international financial centre and transport hub by becoming a transit point for money laundering.

By Sara Barker • 3 min read • Wed, 16th May 2018
Cybercriminals laundering $200b in ill-gotten gains – here's how
Gaming

Cybercriminals laundering $200b in ill-gotten gains – here's how

​A new report from Bromium has landed with a number of startling findings, including the confirmation of a bustling cybercrime laundry market.

By Ashton Young • 5 min read • Sat, 17th Mar 2018

Stories from Other Regions

Money Laundering stories

Report reveals 76% of banks face sophisticated fraud threats
Biometrics

Report reveals 76% of banks face sophisticated fraud threats

Report reveals increase in fraud cases amongst banks, with money laundering, account takeovers, and AI-generated threats posing significant risks.

By Shannon Williams • 3 min read • Fri, 10th May 2024
Redefining finance: How AI is revolutionising banking & cybersecurity
Unified Communications

Redefining finance: How AI is revolutionising banking & cybersecurity

AI is transforming the finance sector, improving customer service, battling fraud, and making repayments efficient.

By Sean Mitchell • 3 min read • Tue, 10th Oct 2023
DIA accused of being soft on vendor who delivered faulty software
Risk & Compliance

DIA accused of being soft on vendor who delivered faulty software

Documents released under the OIA reveal degraded intelligence systems at the Department of Internal Affairs, risking data integrity.

By Phil Pennington, RNZ • 4 min read • Mon, 30th Aug 2021
C6 Intelligence expands Asia footprint with new managing director
Corruption

C6 Intelligence expands Asia footprint with new managing director

Cybercrime prevention agency C6 Intelligence has expanded its Asia operations through the appointment of a new APAC managing director for the region.

By Sara Barker • 3 min read • Mon, 12th Feb 2018
Intel and BNZ use AI to detect money laundering
Artificial Intelligence

Intel and BNZ use AI to detect money laundering

In 2016 alone, approximately 15.4 million consumers were victims of identity theft or fraud, resulting in $16 billion in losses.

By Julia Gabel • 3 min read • Thu, 12th Oct 2017