Under AMLA, 95% false positives become a regulator’s problem
By Max Irwin, Regional Vice President EU, Shufti By the end of the day on 22 April 2026, around forty…
financial crime
Biometric Update regularly writes posts about the topic "financial crime." The following set of links is available to help you find biometrics news regarding "financial crime" and other relevant terms. More topics may be explored by accessing our entire Biometrics Topics list.
KYC bypass tools sold on Telegram to defeat biometric checks
Illegal hacking services designed to bypass Know Your Customer (KYC) facial biometric scans are being sold on Telegram channels to…
Generative AI has ushered in a new era of fraud, say reports from Plaid, SEON
The overall transformational impact of the tech we have come to call AI is still up in the air. The…
Trust as a target: The parallels between application and romance fraud
At National Hunter’s annual conference, many experts reflected on the parallels between romance and application fraud. Sharing one of the…
US Senators move to ban AI-driven impersonation scams as fraud losses surge
United States Senators Shelley Moore Capito and Amy Klobuchar have moved to confront one of the fastest growing consumer threats…
New identity checks reshaping US federal student aid
The U.S. Department of Education (DoE) publicly credited enhanced identity verification measures with preventing more than $1 billion in attempted…
Real-time intelligence sharing reveals millions in attempted bank fraud
Australian banks can breathe a sigh of relief as millions of dollars have been saved in would-be fraud. In a…
Experts: Tackling AI-powered financial crime needs behavioral biometrics, ML models, data science
As artificial intelligence accelerates financial crime, the industry is racing to adapt. In an in-depth webinar, Glenn Fratangelo, head of…
Experian acquires KYC360 as firms seek streamlined financial compliance
Compliance and identity verification providers are stepping up with new solutions to meet mounting regulatory pressures and evolving fraud risks….
Scams overtake $1 trillion as AI supercharges global fraud networks: BioCatch
Scams have overtaken all other forms of fraud to become the most financially devastating threat to consumers and financial institutions…
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