Vietnam police catch ring using biometric face spoof to launder $39M
Vietnam is adapting its rules for online account security as the country leans into digital transformation for government and business,…
financial crime
Biometric Update regularly writes news related to the term "financial crime." The following set of links is available to assist you with finding biometrics news regarding "financial crime" and other relevant terms. More topics may be perused by accessing our comprehensive Biometrics Topics list.
BioCatch adds Argentine banks to trust network for real-time threat assessment and data exchange
BioCatch’s interbank intelligence network for real-time information sharing with the aim of enhancing fraud prevention in the financial sector has…
Feedzai acquires Demyst to unify KYC, fraud risk data
Financial crime prevention and behavioral biometrics provider Feedzai has acquired data management provider Demyst to unify data orchestration and risk…
US Corporate Transparency Act rollbacks create customer ID verification needs
U.S. companies will no longer have to comply with beneficial ownership reporting, thus pressuring banks to uphold KYC compliance and…
Credas CEO recommends robust ID verification to fight financial fraud in property market
The property market in the UK, like elsewhere, is not spared from financial fraud. But in order to reverse the…
Generative AI lowering barrier to digital crime: Europol
Organized crime groups are becoming more sophisticated and dangerous thanks to technological developments such as generative AI which is reducing…
Rising fraud prompts new partnerships for Alloy, Mastercard, Sumsub
There is good news and bad news on the fraud front. The good news is that Jimmy next door is…
ThreatMark raises $23M to combat fraud as volumes hit grim milestones
While money is rapidly flowing into the coffers of criminals carrying out fraud around the world, capital is being invested…
Deepfake ring in Hong Kong busted for US$4.37M in romance investment scams
Deepfakes are expected to make mainstream headlines in 2025, as deepfake detection and AI-based fraud prevention firms line up to…
Know Your Customer? Don’t be so sure, says iProov
Customers aren’t what they once were, with more and more transactions happening digitally and via mobile devices. As such, Know…
