Financial Crime

Financial crime is defined as crime that is specifically committed against property. These crimes are almost always committed for the personal benefit of the criminal, and they involve an illegal conversion of ownership of the property that is involved.

Source: complyadvantage.com

Feds Move to Seize $25 Million in Crypto From Scammers

Feds Move to Seize $25 Million in Crypto From Scammers
Feds Move to Seize $25 Million in Crypto From Scammers
July 22, 2026  |  Cryptocurrency

Federal authorities hope to recover $25 million in cryptocurrency connected to romance/investment scam investigations. Get the Full Story Complete the form to unlock this article...

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Block Pays $45 Million to Settle 46-State Probe Into Cash App Fraud Protection and Resolution
Block Pays $45 Million to Settle 46-State Probe Into Cash App Fraud Protection and Resolution
July 09, 2026  |  Legal & Regulation

Block will pay $45 million to settle allegations from 46 states that the company misled consumers about the safety of its peer-to-peer payments app, Cash App, and failed to...

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Quantifind Secures $200 Million to Scale AI-Native Risk Intelligence Platform
Quantifind Secures $200 Million to Scale AI-Native Risk Intelligence Platform
June 26, 2026  |  Investments

Quantifind has secured a $200 million growth investment to accelerate the international expansion of its artificial intelligence (AI)-native risk intelligence platform for financial crime prevention....

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AI Forces Compliance Teams to Rethink Alert Strategy
AI Forces Compliance Teams to Rethink Alert Strategy
June 25, 2026  |  Fraud Prevention

Financial crime compliance programs are a game of alerts. Or at least they used to be in the pre-AI era, when compliance teams operated on...

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Lawmakers Want AML Rules to Target Bigger Threats
Lawmakers Want AML Rules to Target Bigger Threats
June 17, 2026  |  Legal & Regulation

Two lawmakers have asked the Financial Crimes Enforcement Network (FinCEN) to ensure that reducing unnecessary compliance burdens and prioritizing high-risk financial crimes in its enforcement...

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Flagright Secures $12.5 Million to Expand Financial Crime Compliance
Flagright Secures $12.5 Million to Expand Financial Crime Compliance
June 17, 2026  |  Fraud Prevention

Flagright raised $12.5 million in a Series A funding round to increase the capabilities and adoption of its artificial intelligence operating system for financial crime...

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Wise Faces Investigation for Possible Anti-Money Laundering Failures
Wise Faces Investigation for Possible Anti-Money Laundering Failures
June 01, 2026  |  AML

Wise is facing an investigation in Europe related to possible criminal usage of its services. Get the Full Story Complete the form to unlock this article...

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AI Cyber Threats Shake Crypto Industry
AI Cyber Threats Shake Crypto Industry
May 15, 2026  |  Cybersecurity

The April hacks of crypto companies Drift and Kelp DAO have shaken the crypto sector because those attacks may have been aided by artificial intelligence (AI), Bloomberg reported Friday...

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