US Treasury uses AI to recover more than $375 million in fraudulent payments. To address the increase in fraud, Treasury’s Office of Payment Integrity (OPI) implemented an enhanced process using AI to mitigate check fraud in near real-time by strengthening and expediting processes to recover potentially fraudulent payments…
Recent Posts
- ICO Guidance on sharing personal data in fraud investigation
- Europol’s Financial Intelligence Public-Private Partnership (EFIPPP) pre-launches a new ‘Practical Guide for Operational Cooperation between Investigative Authorities and FIs’
- GI-TOC report highlights how FIs in the Balkans are exploited for ML and illicit financial flows, revealing regulatory gaps and systemic vulnerabilities
- FinCEN joins public-private partnership to develop a comprehensive national strategy for combating fraud and scams
- FINTRAC fines Exchange Bank of Canada $2.5m for failure to submit suspicious transaction reports
Archives
- December 2024
- October 2024
- September 2024
- August 2024
- July 2024
- June 2024
- May 2024
- April 2024
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- January 2021
- December 2020
- November 2020
- September 2020
- August 2020
- July 2020
- June 2020
Recent Comments