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US DoJ announces three UK nationals have been charged with involvement in the evolved apes NFT scam

by Jyotsna Bucktowar | Jun 10, 2024

Three defendants are charged with inflating non-fungible token prices using false claims about a video game and funneling profits to personal accounts, a violation the FBI is committed to pursuing perpetrators…

OCCRP announces Polish Businessman makes millions from firm that deals with Putin’s Russia

by Jyotsna Bucktowar | Jun 8, 2024

Polish businessman Andre Mankowski, previously president of Moscow-based IT company AMT Group has disappeared from the company’s website, despite continuing to profit from its business with Putin’s sanctioned regime…

US DoT has issued a request for information on the potential uses, opportunities and risks of AI in the financial services sector

by Jyotsna Bucktowar | Jun 6, 2024

US DoT is actively promoting responsible innovation in AI in financial institutions, enhancing understanding through stakeholder engagement. The government administration is committed to fostering innovation while protecting consumers, investors, and the financial...

FBI announces major worldwide disruption of malware in international cyber operation

by Jyotsna Bucktowar | Jun 6, 2024

The FBI has announced Operation Endgame, a multinational cyber operation involving the US, Denmark, France, Germany, the Netherlands, and the UK, with Europol and Eurojust’s assistance. FBI’s continued fight against cybercrime and malware-as-a-service...

AML Intelligence: AI can assist in addressing machine learning and reducing transaction costs but carries significant risks.

by Jyotsna Bucktowar | Jun 6, 2024

Janet Yellen, secretary stated that the US treasury department is in regular communication with regulators about the use of AI to mitigate illicit finance risks, including ML and terrorist financing…
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