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The European Anti-Fraud Office has supported a coordinated customs operation with Polish and Spanish customs that led to the seizure of several containers of textiles suspected of being diverted onto the EU grey market instead of being exported to Africa as declared. CLICK HERE to read this article and more on OLAF. What is OLAF? …
Operators spend millions on engineering incentives to attract players, then act surprised when those same offers bring in fraud. Account takeovers (ATO), bonus abuse and loyalty fraud, the top three categories in the industry, account for 68% of betting and gaming losses according to SEON’s 2026 Fraud & AML Leaders Survey. The common thread between …
On 3 May 1978, a marketing manager named Gary Thuerk sent what is widely recognized as the first unsolicited bulk email and as a result his message has been flagged as the birth of “spam”. THE DETAILS OF THE FIRST SPAM The Sender: Gary Thuerk was a marketer for Digital Equipment Corporation (DEC). He worked …
TLDR: Every fraud and AML vendor claims unified data, but when an AI agent queries the platform, the token cost reveals the architecture underneath One API call to one data layer means AI spends its budget on analysis Multiple calls routed through an orchestration layer means it spends its budget on logistics The output looks …
TLDR: A skill is a saved set of instructions that tells your AI tool how to run a specific fraud workflow using the same methodology, with different inputs every time The fastest way to build one is the interview method: describe the workflow, let AI ask detailed questions and your answers become the skill instructions …
On 17 March 2026, the Financial Sector Conduct Authority (FSCA), by agreement with Mr Johannes Lodewicus Du Plessis (Du Plessis) and JLD Investments CC Registration Number 2010/171827/23 (JLD Investments), and without the intervention of the court, appointed a curator in terms of section 5(10) of the Financial Institutions (Protection of Funds) Act, No. 28 of …
TLDR: Your AI tool can query your fraud data — but it doesn’t know your role, thresholds or what normal looks like in your environment Every major AI tool has a settings area where you save persistent context about yourself; fill it in once and every future conversation starts calibrated to your operation Two things …
The European Anti-Fraud Office has played a central role in uncovering a large-scale customs and VAT fraud scheme involving imports of textiles, footwear, electric bicycles and other goods – leading to significant criminal enforcement action by the European Public Prosecutor’s Office in Poland. CLICK HERE to read this article and more on OLAF. What is …
TLDR: You’re already using AI for fraud work — but pasting data into ChatGPT or Claude means working with fragments, not the full picture When your AI tool connects directly to your fraud platform via MCP, it queries your complete signal set in real time: transaction data, fraud scores, device intelligence and network connections That …
TLDR: Your fraud team is copying data into ChatGPT and Claude and losing critical context in the process. The problem isn’t so much the tool; it’s that your fraud intelligence isn’t directly accessible to any AI system your analysts want to use. The fix isn’t a proprietary AI wrapper from your vendor. It’s making your …
In 2025, the European Anti-Fraud Office recommended the recovery of misused EU funds amounting to almost €600 million, according to its annual report released today. CLICK HERE to read this article and more on OLAF. What is OLAF? The European Union budget finances a wide range of programmes and projects which improve the lives of …
After a decade of buying “just one more tool,” fintech companies are confronting an uncomfortable truth: fragmented stacks, not fraudsters, may now be their most serious vulnerability. Years of layering specialist applications for Know Your Customer (KYC), Anti-Money Laundering (AML), fraud prevention and detection, case management and reporting have left many organizations running architectures that …
The Numbers Behind the New Era of Zero-Tolerance Enforcement $4.4T Global illicit finance 417% AML penalty increase $80M FINCEN record fine 39 EU banks under AMLA supervision If 2025 was the year of laying regulatory groundwork, 2026 is proving to be the year of aggressive, unyielding enforcement. For compliance leaders, the message from global regulators …
The European Anti-Fraud Office, together with customs authorities from 30 countries, has successfully carried out a large-scale operation targeting the illicit trade in e-cigarettes and heated tobacco products. CLICK HERE to read this article and more on OLAF. What is OLAF? The European Union budget finances a wide range of programmes and projects which improve …
Most payment fraud detection strategies focus on merchants or cardholders who have a direct relationship to the transaction. Payment Service Providers (PSPs) operate as the critical infrastructure in the middle, processing volume for thousands of merchants simultaneously without owning the end-customer relationship. Global card fraud losses hit $33.41 billion in 2024, and the Nilson Report …
More teams are discovering that they are fighting the same underlying risk using three different vocabularies — and it is starting to cost them real money. Globally, banks and fintechs now spend an estimated $206 billion every year on financial crime compliance, and that’s not even counting other regulated industries like gambling. Yet fraud losses …
The UK government is about to pull a very real lever on every UK?licensed remote gambling operator: from 1 April 2026, the Remote Gaming Duty is moving from 21% to 40%. This is a 100% increase in the tax rate on gross gaming yield — in other words, not a minor adjustment in a budget …
The UK government is about to pull a very real lever on every UK?licensed remote gambling operator: from 1 April 2026, the Remote Gaming Duty is moving from 21% to 40%. This is a 100% increase in the tax rate on gross gaming yield — in other words, not a minor adjustment in a budget …
When a new user registers on your platform, they hand over one thing almost every time: an email address. Before you’ve collected a phone number, run a document check or processed a single transaction, that email address is already telling you a story — you just need to know how to read it. This article …
Automated Clearing House (ACH) payments are the quiet infrastructure behind salaries, supplier invoices, subscriptions and everyday bills, processed in large, low?cost batches. For most organizations, ACH is cheaper and more predictable than cards or wires, which is why it powers payroll runs and recurring payments at scale. ACH relies on widely shared account and routing …