Financial crime stories

Spektr lands USD $20 million Series A from NEA as Copenhagen AI compliance platform targets manual checks at banks and fintechs.

Tether leads USD $150 million recovery plan as Drift Protocol seeks to restore user balances and restart trading after April exploit.

Ecommpay urges eCommerce overhaul as fraud report says current controls miss social engineering, distort competition and leave merchants exposed.

Oracle expands its financial crime platform with Lucinity's AI investigation tools, aiming to cut compliance workloads for banks and regulated firms.

Foreign banks in Australia face pressure to tighten anti-money laundering checks after AUSTRAC found weak reporting, blind spots and money mule exposure.

Cambodia scam compounds are being tied to a mobile banking fraud network that hit users in 21 countries, researchers say.

Persistent and Databricks launch Merchant Risk Management and Fraud Detection solution for banks and payment providers facing rising digital payment fraud.

Custodia says financial firms must widen record-keeping to cover collaboration tools, messaging apps and AI-generated content as regulators step up scrutiny.

Access Group survey finds most Australian accountants are unprepared for looming anti-money laundering rules, with many yet to start compliance work.

iProov warns iOS injection attacks surged 1,151% in late 2025 as generative AI fuels deepfake impersonation and identity fraud.

Barry Plant and other firms back My Databoss as Australia's Tranche 2 AML reforms drive demand for audit-ready compliance tools.

CommBank research finds staff are more likely than managers to spot workplace scams, as email-based payment redirection fraud keeps hitting Australian firms.

Data quality gives banks a scalable route to digital trust, cutting fraud and false positives while speeding onboarding, KYB and AI-driven checks.

Australia's Big Four loan scandal highlights how process intelligence can expose ghost paths, bypassed checks and hidden fraud networks.

PEXA launches pay-per-use compliance tool for property firms as Australia's AML and counter-terrorism rules approach in 2026.

Marqeta has embedded an AI-driven risk score into its Real-Time Decisioning tool, aiming to curb payment fraud and reduce false declines.

MVSI launches AIQ SiteScanner to help payment firms spot merchants using cloaking, redirects and other tactics to evade Mastercard and Visa rules.

APAC cybercrime climbs as synthetic identity fraud accelerates, with desktop-browser attacks, login pressure and bot activity fuelling losses.

Monash University Malaysia and Emerging Payments Association Asia launch a three-year research pact on quantum-safe cryptography, stablecoins and fraud.

UiPath rolls out agentic AI for banks to automate sanctions checks and loan origination, citing faster decisions and tighter audit controls.