Tag: Fraud

Founded in 2017, Saudi Arabia-headquartered MOZN was created at a time when AI was still in its early stages. MOZN recognised a gap early...

Behind the badge is the latest episode in RelyComply’s Laundered series, featuring a former City of London Police detective sharing what it really looks...

Fraud prevention and AML have operated as parallel disciplines — adjacent, but structurally separate, for a long time. Fraud teams focused on stopping unauthorised...

Hong Kong’s banking regulator is weighing how lenders and their customers should share the burden of losses from rising scam cases, as fraud-related crime...

It is easy to get swept up in the power of AI and believe its word is gospel. The technology has quickly evolved into a powerful tool that can efficiently automate various workflows, appearing seemingly perfect. However, while it might be correct most of the time, there is still a big gap for mistakes to be made.

In 2025, synthetic identity fraud has surged as a fast-growing financial crime, with lenders exposed to an estimated $3.3bn from suspected synthetics in the...

Fraud has become one of the most pressing global threats to businesses, fuelled by increasingly sophisticated schemes and shifting regulatory demands. Data from Moody’s...

Economic crime has emerged as a major global threat, fuelled by rapid technological developments that have made financial crimes more sophisticated and harder to...

Scams are not a new threat; they have coexisted with the financial market since its beginnings. The earliest scam is estimated to have been in Ancient Greece and since then they have evolved to become so highly sophisticated that stopping them has become a Sisyphean task.

Scams remain a persistent threat despite growing awareness, largely because they exploit human trust through manipulation and misrepresentation. Unlike traditional fraud, scams often involve victims willingly sharing sensitive information, unaware of the scammer’s true intent until it’s too late.