RESOURCES
Report
A survey of 800 manager-level-or-above fraud-management, anti-money laundering, and risk and compliance professionals at financial institutions in 17 countries on five continents found the majority of respondents believed criminals were more sophisticated at laundering money than banks were at detecting that laundering.
Blog
Drug-related violence and murders in France rose by 38% between 2022 and 2023, leading to the creation of the term “narcohomicide.” According to the French Monitoring Centre for Drugs and Drug Addiction (OFDT) cocaine consumption in France doubled between 2022 and 2023, ranking France seventh in Europe for consumption. French authorities also seized 47 tons of cocaine in 2024 – double what they confiscated the year before.
Report
In recent years, France has seen a spike in organized crime, with significant increases in the trafficking and consumption of drugs, human smuggling, and cybercrime.
Blog
OpenAI’s “Disrupting malicious uses of our models” validates the industry’s concerns of an incoming new normal, in which scammers harness GenAI tools to improve and scale their efforts to lure victims into actively and unwittingly participating in scams and money laundering. That new normal has arrived and it’s not going away.
Blog
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Nearly all the random text messages we receive originate from inside massive scam factories, often from attractive but errant new online friends. These long-distance admirers might offer similarly attractive investment schemes. Romance scams have evolved into a massive global industry, bringing in an estimated $3.8 billion a year.
Report
Historically, banks and vendors have separated fraud and financial crime detection, leading to significant silos within the bank and poor data sharing across different departments. But the reality is fraud, financial crime, and money laundering are all part of the same criminal ecosystem. Over time, as scams and mule networks increase in sophistication, the lines between these crimes begin to blur.
Blog
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The Dark Economy is a web of sprawling, interconnected criminal networks, serviced by contractors and subcontractors specializing in every niche element of perpetrating a crime and realizing its profits. It will take a network to defeat such networks.