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The 2026 FIFA World Cup flooded sportsbooks with millions of new accounts, and their fraud systems couldn’t tell which ones were real. The warning came before the first whistle. In a SEON survey ahead of the tournament, nearly half of American bettors said they didn’t trust betting platforms to protect their data, yet they planned …
This year’s InvestigAid 2026, hosted by the Netherlands’ Ministry of Foreign Affairs together with European Anti-Fraud Office, focused on how investigative bodies can respond to an increasingly complex environment for international aid and development funding. CLICK HERE to read this article and more on OLAF. What is OLAF? The European Union budget finances a wide …
Fraud prevention is often sold as insurance, but the operators pulling ahead in today’s hyper-competitive environment treat it as what lets them run harder. Fraud prevention is budgeted alongside compliance and legal, evaluated on what is caught, funded at a minimum level the business can tolerate, and treated as a cost that scales with risk. …
On July 15, 2026, the FCA began regulating Buy Now Pay Later, formerly known as Deferred Payment Credit, bringing interest-free installment lending under the UK’s consumer credit regime for the first time. The headline change fits in one sentence: every agreement now requires a proportionate affordability and creditworthiness check, regardless of the value. But for …
Victims of a £1.5m crypto investment fraud will recover lost funds after the FCA obtained confiscation orders against Raymondip Bedi and Patrick Mavanga. At a hearing at Southwark Crown Court on 28 September 2026, Raymondip Bedi was ordered to pay £603,404.28 and Patrick Mavanga £247,997.99. Between February 2017 and June 2019, Bedi and Mavanga operated …
On September 9, the Financial Action Task Force (FATF) published Risks of Gaming and Gambling, an update to its 2009 work on casinos, in collaboration with the Asia/Pacific Group on Money Laundering. The document sets out 123 red flag indicators drawn from questionnaire responses across 80 jurisdictions, as well as written comments and consultations with …
Account takeover is the single biggest loss driver in iGaming, our own research shows that it affects 27% of the industry losses. And the hardest type to catch is the one most operators aren’t looking for: aged, verified accounts stolen months after passing KYC. The fraud that follows looks legitimate because the account already is. …
Age estimation software looks at a face and returns a number. It estimates age; it does not prove it. On average, that distinction may seem small. For any person — especially someone near a legal cutoff — it is not. Facial age estimation is uncertain, precisely where an 18-year threshold demands certainty. H.R. 9706 would …
The European Commission has today adopted its evaluation of the OLAF Regulation, concluding that the legal framework governing OLAF remains broadly fit for purpose and enables OLAF to effectively protect the EU’s financial interests. CLICK HERE to read this article and more on OLAF. What is OLAF? The European Union budget finances a wide range …
Player collusion is coordinated play between two or more accounts designed to extract value from other players or the operator. The risk concentrates where it’s hardest to see: players who pass KYC individually, show no link at registration and only reveal their coordination at the gameplay and transaction level. For poker and multiplayer game operators, …
SEON is expanding across multiple dimensions of identity risk, leaving AI-generated fraud nowhere to hide. Creating a fake identity from scratch used to take a lot of work. A fraudster had to register the accounts, build up the history, complete each step of the workflow personally and do it slowly enough to avoid tripping a …
A fraudster can generate a convincing profile, buy a working phone number, script a browser and route traffic through a different country. Each fragment appears to be a plausible component of a legitimate account on its own. However, making every fragment contribute to a coherent identity is the harder part. Real contact details need history. …
The fraud prevention industry is trapped in a signal-count arms race. One vendor says it has a thousand signals. Another says 10,000 data points. The implied message is simple: the biggest number must produce the best decision. It does not. A signal count tells you almost nothing until you know what the vendor is including …
When police in Minnesota subpoenaed Binance last year, after a father lost $1.5 million to a romance investment scam, the exchange included two account files. One belonged to a woman with a home address in a small Chinese village; paperwork showed she had moved around $7 million through the account in a few months. The …
On May 19, the White House directed the Treasury and the federal banking agencies to more closely scrutinize which customers banks onboard and how money moves through their accounts. On August 27, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corp. (FDIC) told examiners to stop elevating most process …
In 2024, payment service users absorbed approximately 85% of credit-transfer fraud losses in the European Economic Area. The figure reflects a persistent challenge in authorized-payment scams: customers can be manipulated into initiating a transfer even when the payment is technically authenticated. That allocation of loss is now changing. The political agreement on the Payment Services …
When writing an article that challenges a person or company – or accuses them of wrongdoing like fraud – journalistic ethics and libel laws require adherence to strict procedural standards. The core principle is the right of reply (audi alteram partem – “hear the other side”), which ensures fairness, accuracy, and legal protection. Journalists Standard …
Whenever you receive a call from an unknown or supicious number you need to be aware of the real-world telemarketing and robocall infrastructure used by scammers and automated call centers. And that first defence step is defined as the “3 Second Rule” – when answering say ‘Hello’ once and nothing else. If no answer then …
Every major fraud wave in recorded economic history has followed the same pattern: economic stress creates pressure, new infrastructure creates opportunity and a novel tool lowers the barrier to entry. The railroad bond scams of the 19th century exploited westward expansion fever and telegraph-enabled information asymmetry. Post-2008 mortgage fraud grew from a housing market engineered …
The Australian Transaction Reports and Analysis Centre (AUSTRAC) runs a risk-based Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regime, which puts the burden on each reporting entity to decide what its own risks are. That is why compliance officers at Australian iGaming and fintech firms keep hitting the same wall: they want a list of transactions …