Financial Crime | AMLP Forum

UK SFO and U.S. DoJ strengthen their alliance to combat cross-border FC, boosting intelligence sharing and joint enforcement efforts against bribery, ML, fraud, and asset recovery

by AdrianaAMLP | Jun 27, 2025

In a recent meeting, SFO Director Nick Ephgrave and DOJ Criminal Division Head Matthew Galeotti discussed strategies to encourage voluntary self-disclosure by companies and expedite complex investigations, aligning with the DOJ’s updated white-collar crime...

HK SFC suspends Responsible Officer due to significant supervisory lapses, including inadequate oversight of client trading systems and failure to effectively monitor suspicious activities

by Jyotsna Bucktowar | Jun 19, 2025

This action highlights the regulator’s intensified focus on holding senior management accountable for overseeing emerging risks associated with client-supplied trading technologies. The case underscores the growing importance regulators place on robust controls within...

CBUAE signs MoU with China’s CIPS to modernise payments, boost cross-border cooperation, accelerate transactions, and reduce fraud, sanctions breaches, and illicit finance risks

by Jyotsna Bucktowar | Jun 19, 2025

This move aims to strengthen financial ties between the UAE and China and facilitate smoother, more cost-effective payments. However, as the volume and complexity of RMB transactions grow, so do the challenges associated with monitoring and preventing financial crimes...

BioCatch 2024 AI, Fraud & Financial Crime Survey reveals that nearly 70% of fraud, AML, and risk professionals believe criminals are outpacing banks in leveraging AI for FC

by Jyotsna Bucktowar | Jun 13, 2025

The report highlights a significant rise in AI-driven financial crime, including synthetic identity fraud and voice cloning, prompting 91% of firms to reconsider voice verification methods. Over half of the surveyed institutions reported losses between $5 million and...

BoE and London BIS’s Project Hertha tested AI to detect FC in real-time retail payments, boosting illicit pattern detection by 26% and account identification by 12%, while revealing key limitations

by Jyotsna Bucktowar | Jun 5, 2025

The project focused on identifying illicit finance patterns in real-time retail payment systems through advanced transaction analytics. Notably, it achieved a 26% improvement in detecting previously unseen criminal behaviours and a 12% increase in the identification...

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UK SFO and U.S. DoJ strengthen their alliance to combat cross-border FC, boosting intelligence sharing and joint enforcement efforts against bribery, ML, fraud, and asset recovery

HK SFC suspends Responsible Officer due to significant supervisory lapses, including inadequate oversight of client trading systems and failure to effectively monitor suspicious activities

CBUAE signs MoU with China’s CIPS to modernise payments, boost cross-border cooperation, accelerate transactions, and reduce fraud, sanctions breaches, and illicit finance risks

BioCatch 2024 AI, Fraud & Financial Crime Survey reveals that nearly 70% of fraud, AML, and risk professionals believe criminals are outpacing banks in leveraging AI for FC

BoE and London BIS’s Project Hertha tested AI to detect FC in real-time retail payments, boosting illicit pattern detection by 26% and account identification by 12%, while revealing key limitations

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