Financial Crimes

AI-Powered Financial Crime Prevention Platform Silent Eight Prepares for IPO
AI-Powered Financial Crime Prevention Platform Silent Eight Prepares for IPO
September 22, 2023  |  Security & Fraud

Singapore-based company Silent Eight, which uses artificial intelligence (AI) to combat financial crimes such as money laundering and terrorist financing, reportedly aims to be ready for...

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Four Inc. and Chainalysis Partner on Blockchain Analysis for Government
Four Inc. and Chainalysis Partner on Blockchain Analysis for Government
August 29, 2023  |  Blockchain

Four Inc. has partnered with Chainalysis to equip government agencies with the necessary tools to monitor, analyze and combat illicit activities within blockchain networks. This collaboration brings together...

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TD Bank Faces Anti-Money Laundering Probes From US Regulators
TD Bank Faces Anti-Money Laundering Probes From US Regulators
August 24, 2023  |  AML

TD Bank has disclosed that it is cooperating with inquiries from regulators and law enforcement regarding its compliance with anti-money laundering rules. The bank made this...

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Biden’s Budget Blueprint Triples Fraud-Fighting Staff
Biden’s Budget Blueprint Triples Fraud-Fighting Staff
March 08, 2023  |  Security & Fraud

Preventing fraud and identity theft is reportedly a key component of President Biden’s cost-cutting plans. The administration’s budget blueprint includes targeting fraud by bolstering the...

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Eventus Unveils Anti-Money Laundering Platform Validus
Eventus Unveils Anti-Money Laundering Platform Validus
January 31, 2023  |  AML

Eventus has debuted an anti-money laundering (AML) platform for traditional finance and digital asset companies. The Austin-based company, which provides transaction monitoring and market risk...

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Crypto Firms Tell Hackers to Keep Some of What They Steal
Crypto Firms Tell Hackers to Keep Some of What They Steal
July 25, 2022  |  Cryptocurrency

Cryptocurrency platforms that have been the victim of thefts are telling their attackers to keep some of the stolen digital assets and give back the...

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FinCEN Recovers $1.1B For Crime Victims
FinCEN Recovers $1.1B For Crime Victims
February 14, 2022  |  Fraud Attack

The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has helped recover more than $1.1 billion over the last seven years for the victims of...

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Singapore Central Bank Plans Digital Data Sharing Platform To Fight Money Laundering
Singapore Central Bank Plans Digital Data Sharing Platform To Fight Money Laundering
October 01, 2021  |  International

A digital sharing platform is being developed by Singapore’s central bank in a move to help fight money laundering and other financial maneuvers that fund...

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Deutsche Bank Moves Toward ‘More Holistic’ Anti-Financial Crime Team
Deutsche Bank Moves Toward ‘More Holistic’ Anti-Financial Crime Team
June 24, 2021  |  Security & Fraud

Deutsche Bank is changing its anti-financial crimes and compliance teams after years of scrutiny and enforcement, The Wall Street Journal (WSJ) reported Thursday (June 24)....

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