US Senate Banking Committee advances the bipartisan Digital Asset Market Clarity Act of 2025 in a 15–9 vote to establish clearer crypto market rules, strengthen safeguards, and curb illicit activity

by | May 14, 2026

After nearly a year of good-faith bipartisan negotiations, Senate Banking Committee Republicans and Democrats came together today to advance a comprehensive market structure bill that will establish America as the crypto capital of the world. The bill advanced out of...

CoLP reports UK victims lost over £102M to romance fraud last year, with cases rising 29% to 10,784 as criminals increasingly used online platforms and AI to build fake relationships and extract money

by | May 5, 2026

The data shows criminals are increasingly exploiting online relationships through dating platforms, social media, and messaging apps, where they carefully build emotional trust over weeks or even months before requesting money. These scams often involve fabricated...

Swiss FINMA publishes Guidance on Managing Digital Fraud Risks, warning from a 19-bank survey of rising fraud since 2022 and serious gaps in AML and operational controls as digital threats escalate

by | Apr 9, 2026

The regulator warns that digital banking expansion and emerging technologies, including AI, are increasing exposure to fraud and ML, with gaps identified in governance, incident response, and horizon scanning capabilities across several institutions. FINMA stresses...

IMF’s Cyber Events and Digital Fraud in Financial Sector report finds cyber incidents account for 10% of global cases, while cyber-enabled fraud has nearly tripled and remains widely underreported

by | Mar 27, 2026

The paper examines global trends in cyber events and digital fraud affecting the financial sector using multi-source data, including cyber incident databases, official fraud statistics, and industry surveys. It finds a sharp rise in both cyberattacks and fraud over...