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US Treasury publishes its National Illicit Finance Strategy 2024, highlighting recent reforms to close loopholes exploited by illicit actors

by Jyotsna Bucktowar | May 28, 2024

The 2024 Strategy addresses key illicit finance threats related to large-scale fraud schemes, attacks, an opioid-driven overdose epidemic, foreign and domestic terrorist attacks, corruption, and illicit exploitation of technological advances in payments and financial...

RUSI releases commentary on the UK Govt’s launch of its first strategy to tackle the silent threat of fraud to national security

by Jyotsna Bucktowar | May 23, 2024

The covid pandemic was a  contributing factor to the issue, crime had skyrocketed to the point where the UK economy was estimated to be losing £190billion because of its enormous scope and connections to both organized crime and terrorism, fraud has come to be...

BBC: Fake Olympics and Taylor Swift tickets are the two biggest online scams that are fuelling fraud

by Jyotsna Bucktowar | May 22, 2024

The abuse of online platforms continued to leave people vulnerable as the criminals stole £1.17bn in 2023, down 4% from 2022. It called on tech companies to do more to help stop the scams. Consumers lost £86m last year to purchase scams, in which they agreed to pay...

Reuters: Italian police uncovers billion-euro tax credit scam

by Jyotsna Bucktowar | May 21, 2024

Italian police uncovered a billion-euro scam to obtain illegal tax credits from government incentives that were meant to encourage home renovations. Finance Police (GdF) in the northwestern town of Savona said they had placed 311 people under investigation and seized...

Apple: App Store stopped over $7 billion in potentially fraudulent transactions in four years

by Jyotsna Bucktowar | May 21, 2024

Apple’s antifraud initiatives have grown over the years as digital threats have grown in scale and complexity. To help protect its users, Apple monitors and investigates fraud on the App Store every day, and uses advanced tools and technologies to identify bad...
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Recent Posts

  • FATF’s report on ‘Understanding and Mitigating the Risks of Offshore VASPs’ warns that offshore crypto providers create AML/CFT blind spots, enabling fraud, ML, and TF through weak oversight
  • AMLA launches a major EU-wide data collection exercise with banks to test and calibrate its risk assessment models, preparing to tighten oversight and directly supervise high-risk FIs starting in 2028
  • INTERPOL’s Global Financial Fraud Threat Assessment 2026 warns of a surging fraud crisis with AI scams 4.5× more profitable, $442B lost in 2025, Notices up 54%, and $1.1B recovered across 1500+ cases
  • NCA launches the National Strategic Assessment of SOC 2026, warning that tech-driven, interconnected crime is rising rapidly and calling for a National Police Service to tackle it with intelligence and coordinated action
  • UK SFO, France PNF and Swiss OAG to host landmark International Economic Crime Conference on 2–3 May 2026 in London, uniting 70+ agencies to tackle fraud, bribery, corruption, & crypto-related crime

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