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 | 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...

OLAF and Romanian authorities lead efforts using advanced digital tools to combat fraud, protect the EU budget, and enhance cross-border cooperation for more effective FC detection and investigation

by | May 22, 2025

Running from 20-23 May 2025, the Technical Workshop on Digital Anti-Fraud Tools brought together nearly 100 anti-fraud experts from EU Member States, the European Court of Auditors (ECA), EPPO, Eurojust, Europol, and OLAF. The event focuses on building a community of...