FBI has published its annual Internet Crime Report for 2023, highlighting a significant 22% increase in losses due to cybercrime, amounting to over $12.5 billion. This surge underscores cyber criminals’ growing sophistication and audacity in exploiting digital vulnerabilities. Cybercriminals continue evolving tactics, deploying multiple ransomware…
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- UK’s new ‘Failure to Prevent Fraud’ offence takes effect 1 Sept 2025 – making organisations liable if an employee, agent, subsidiary, or other third party commits fraud for their benefit
- AUSTRAC’s new AML/CTF Rules 2025, effective in phases from 31 March and 1 July 2026, strengthen obligations for reporting entities and new sectors, boosting efforts to detect and combat ML/TF risks
- FinCEN issues Advisory and Financial Trend Analysis highlighting how Chinese ML networks are moving cartel-linked illicit funds through U.S. banks and informal transfer channels
- Dutch Central Bank (DNB) fines Neobank Bunq €2.6M for serious deficiencies in its AML controls during the period under review, from Jan 2021 to May 2022
- GI-TOC analysis warns by 2035, the Western Balkans could become a nexus for cybercrime, combining blockchain and AI innovation with organised crime in “criminal states” and resource-scarce markets
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