Generative Data Intelligence

Tag: financial crimes

Binance to Discontinue All Nigerian Naira (NGN) Services

Binance has officially announced its move to discontinue all services relating to the Nigerian Naira (NGN) on its trading platform. Binance, the world’s largest cryptocurrency...

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Risk, Fraud and Compliance: 12 tech trends and predictions for 2024

As in other industries, the explosion of generative AI (GenAI) has forced the financial services sector to quickly adapt while riding a wave of...

Flagright and SALT to Bolster Compliance and Fraud Prevention for SMEs – Fintech Singapore

Flagright, an AI-native company specialising in Anti-Money Laundering (AML) compliance and fraud prevention, has announced its partnership with SALT, a financial platform aiming to...

How Will MAS New Amendments Impact Financial Crime Enforcement – Fintech Singapore

by Johanan Devanesan February 22, 2024 The Monetary Authority of Singapore’s (MAS) legislative reform initiative, encapsulated in the Financial Institutions (Miscellaneous Amendments) Bill (FIMA Bill), signifies...

Montenegro high court greenlights Do Kwon’s extradition to US

Montenegro’s High Court has decided to extradite former crypto magnate Do Kwon to the US instead of his home country, South Korea, local media...

French Hill Challenges Warren’s Anti-Money Laundering Act

U.S. Representative French Hill questions the efficacy of Senator Elizabeth Warren's Digital Asset Anti-Money Laundering Act, arguing it won't deter terrorist organizations from using...

Crypto Ties To Terrorism ‘Overstated’ But Regulation Is Needed, Experts Tell Congress – Decrypt

U.S. Rep. French Hill (R-Ark.) did not mince words on Capitol Hill on Thursday, effectively calling out his fellow D.C. lawmakers whose “reactionary claims...

Revolutionizing Real-Time Payments with GenAI

1. Introduction Today, real-time payments are being revolutionized by Artificial Intelligence. This is a significant change for the better, because previous ways of making payments...

The Rescheduling of Changpeng ‘CZ’ Zhao’s Sentencing Reflects Legal Complexities and Implications

Changpeng "CZ" Zhao, founder of Binance, faces a legal hurdle as his money laundering charges are postponed to April 30. The case highlights the...

Advancing Cryptocurrency Regulation in Nigeria: A Critical Necessity

Adedeji Owonibi advocates for Nigerian cryptocurrency regulation to combat financial crimes and ensure the industry's security and scalability, addressing the complexities of tracking illicit...

Multinational Firm Loses $25.6 Million to Deepfake-Driven Fraud

A Hong Kong finance employee was deceived into transferring $25.6 million using deepfake technology, highlighting the growing cybersecurity threat of such scams. A global...

Cracking the Code of White-Collar Crime with Sumsub – Fintech Singapore

The battle against financial crime is an ever-evolving challenge requiring expert knowledge, cutting-edge technology, and continuous learning.  As white-collar criminals tirelessly innovate their methods...

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