Federal prosecutors seize nearly $700m in assets from FTX founder
Federal prosecutors have reportedly seized around $700m in assets from FTX founder Sam Bankman-Fried, as part of an ongoing court case.
AML provider Alessa names Holly Sais Phillippi as CEO
Anti-money laundering and fraud solution provider Alessa has named Holly Sais Phillippi as its new chief executive officer.
SEON partners with tbi bank to bolster fraud prevention
Fraud prevention company SEON has partnered with challenger bank tbi bank, to deploy its machine learning-powered fraud detection platform.
Financial crime prevention spend to exceed $28bn by 2027
Global software spend on financial crime prevention tools will exceed $28.7bn by 2027, up from $22.1bn in 2023, Juniper Research claims.
FCA fines AI Rayan Bank £4m for AML failings
The UK’s Financial Conduct Authority (FCA) has fined another financial institution for anti-money laundering (AML) failings.
Anti-fraud specialist Detected secures £2.5m in ongoing seed round
Detected, a FinTech specialised in extracting actionable anti-fraud data from enterprise payment accounts, has raised £2.5m in an ongoing seed round totalling £6m.
Progressive Building Society joins forces with Jade ThirdEye to fight financial crime
Progressive Building Society has partnered with Jade ThirdEye to leverage its software-as-a-service (SaaS) solution to fight financial crime.
Divilo to boost fraud protection with ThetaRay
Spanish FinTech platform Divilo has announced a collaboration with AI-powered transaction monitoring company ThetaRay to boost its fraud protection.
PayTech TWINT bolsters fraud protection with NetGuardians
Switzerland-based payment app TWINT aims to bolster its fraud protection efforts through a partnership with enterprise risk platform NetGuardians.
Privacy concerns could lead US to ban TikTok from government devices
A spending bill unveiled by the US Congress could ban TikTok from most US government devices, Security Week has detailed.
