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Financial Crime, Fraud, Tech

NEWS: Banks tell Big Tech to share more data to fight fraud

Premium July 1, 2026

A police officer inspects inside a scam compound known as "My Casino" used for fraud operations, which police said was owned by former tycoon and casino owner Ly Kuong, who was arrested on January 15 and charged with illegal recruitment for exploitation, aggravated fraud and links to organised crime, in Kampot province, Cambodia, February 10, 2026. REUTERS/Soveit Yarn

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NEWS: AUSTRAC boss says ‘behavioural technology’ can stop fraud in real time

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NEWS: FIU Luxembourg deputy calls for “enhanced multilateral cooperation” to fight fraud

FRAUD: FATF President unveils new plan to tackle $500bn fraud pandemic 

By CARLO BOFFA, EU Correspondent BIG Tech must do more to share essential information with financial institutions and public authorities to help catch fraudsters, the top global banking lobby said on Wednesday. Online platforms are coming under increasing regulatory scrutiny, having so far escaped liability for the scams and malicious adverts reaching their billions of…

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Premium

NEWS: AUSTRAC boss says ‘behavioural technology’ can stop fraud in real time

 Premium

NEWS: FIU Luxembourg deputy calls for “enhanced multilateral cooperation” to fight fraud

FRAUD: FATF President unveils new plan to tackle $500bn fraud pandemic 

Regulatory Watch News

  • UK takes over Presidency of Financial Action Task Force (2026–2028)

    FATF

    Giles Thomson began his term as President of the Financial Action Task Force (FATF) on 1 July 2026. He succeeded Ms. Elisa de Anda Madrazo of Mexico. He served as FATF Vice-President from July 2025 - June 2026 and has been replaced by Vivek Aggarwal, from India, as Vice-President. Giles Thomson serves as Director for Economic Crime and Sanctions in His Majesty's Treasury. He is responsible for the UK's AML/CTF policy and the Office for Financial Sanctions Implementation.

  • Four questions about DNB’s new payment fraud figures

    DeNederlandscheBank

    1. What is a fraudulent transaction?
    2. How do banks and payment institutions deal with fraudulent transactions?
    3. Why is DNB now publishing these figures?
    4. Which figures are included, and which are not?
     

  • Italy: EPPO seizes over €23.5 million in investigation into VAT fraud in the fuel sector

    European Public Prosecutor's Office

    (Luxembourg, 1 July 2026) – On behalf of the European Public Prosecutor’s Office (EPPO) in Milan (Italy), the Italian Financial Police (Guardia di Finanza) and the Italian Customs and Monopolies Agency (Agenzia delle Dogane e dei Monopoli) seized assets worth over €23.5 million, in an investigation into a VAT fraud scheme involving imported fuel to the Italian market. At the request of the EPPO, the Judge for Preliminary Investigations at the Court of Milan issued an order to seize assets worth up to €60 million to secure compensation for the alleged damage. On Tuesday, properties in Lombardy, Liguria and Valle d’Aosta worth approximately €13.5 million were seized, as well as bank accounts containing around €10 million, and several vehicles. Efforts to identify and seize additional assets are ongoing.

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