Fourthline

🎥 Celebrity crypto scams leave trail of devastated investors in 2024 🆓 Dutch prosecutors drop case against former ING CEO  🔤 Words matter: Changing the language of online fraud ⛪ Pastor charged in crypto scam targeting church's flock 🎄 Everything Compliance podcast: The Holiday Season Edition 🏔️ Canada proposes more powers for AML regulator amid increasing scrutiny As we close out the year, this edition of our financial crime newsletter highlights the evolving tactics and challenges in combating fraud and money laundering. From celebrity crypto scams and a pastor’s betrayal of trust to thought-provoking shifts in fraud terminology and updates on high-profile cases, we reflect on a year of lessons and prepare for what’s ahead in 2025.

⚠️Trump crypto venture partners with platform linked to militants 🕵️ Working with partners to defeat economic crime 🚨 Scam-related fraud jumped 56% in 2024 🕳️ UK fintech Stenn collapsed after Russian money laundering case  🔮 How to prepare for regulatory changes in 2025 From crypto controversies to fraud's rising tide, global financial institutions are navigating an increasingly complex and treacherous economic terrain.

 📢 Your 2025 regulation roadmap is here! We're excited to unveil our latest report, developed in partnership with FINTRAIL, that breaks down the five critical regulatory changes financial institutions need to know in 2025. From the EU's anti-financial crime package to updates in payment services, digital trust services, operational resilience, and crypto asset regulations – our comprehensive guide equips you with the insights to stay ahead of the curve. Proactive compliance isn't just a strategy – it's a necessity.   👉 Read the full report now and transform regulatory challenges into competitive advantages https://lnkd.in/dkG7N_dT

🌐 Operation “Destabilise” dismantled Russian money laundering networks 🎆 New year, new AML and compliance approach for financial institutions 🌎 Darktrace reports 692% surge in Black Friday cyber scams 🕵️ Money launderer for Russian spies won deal to help defend Ukraine power plant 🐶 Regulating AI: how the UK's watchdogs are working to keep up with technology Finance's wild frontier: where AI, cybercrime, and global intrigue collide in a high-stakes game of technological cat and mouse.

🌎 US lawmakers say Hong Kong is becoming hub for financial crime 📈 How regulation drives trust and growth in digital lending 🗻 Fraud and scam complaints hit record high in Britain 👮 Europol PPP guide on how banks should share data with police 🛡️Harness analytics to combat financial crime risks 💪 AI's impact on regulation, operational resilience and customer experience Uncover the shifting dynamics of financial crime, where scams, regulations, and cutting-edge tech collide. Happy reading!

💀Anatomy of a scam: Crypto scams 🛰️What Trump's presidency means for the future of AI 🌍Startups side with Draghi: EU red tape hampers growth 🚓Harnessing advanced technology to combat financial crime 🛃Sanctions compliance: EU's 14th Russia sanctions package expands restrictions As global regulators and industry leaders grapple with unprecedented challenges in financial crime and AI development, emerging tensions between innovation and oversight are reshaping the technological landscape across Europe, the UK, and the United States.

🎧 Fourthline's & N26’s silent disco at MoneyLIVE Amsterdam! This afternoon, our very own Krik Gunning and Nadine Kari from N26 delivered a unique silent disco-style fireside chat on "NextGen Biometrics: From Authentication to Advanced Behavioural Profiling". Attendees wearing wireless headphones got an intimate look into how Fourthline's partnership with N26 enables scaling while maintaining robust compliance standards. Nadine and Krik shared key insights into the intersection of innovation and the role or AI as both a threat and a form of security in digital identity verification. Our team will be here for the rest of the afternoon and tomorrow so feel free to reach out to us or drop by our booth! 👉 Jesse Weststrate Bjorn op den Buijsch Paul Coyle Sanders Krik Gunning

🔥 Join us for an exciting fireside chat at MoneyLIVE in Amsterdam! Our co-founder and CEO Krik Gunning will be sitting down with Nadine Kari, Group MLRO at N26, to discuss the evolution of identity verification in fintech. They'll explore how our partnership has enabled rapid scaling while maintaining robust compliance standards. "NextGen Biometrics: From Authentication to Advanced Behavioural Profiling" 📅 Wednesday, November 20 | ⏰ 14:35 (Stage 3) Want to learn how leading financial institutions are balancing growth with security? Don't miss this insightful conversation about building the future of digital identity verification. Don’t hesitate to reach out to our team to have a chat at the event, Jesse Weststrate, Bjorn op den Buijsch, Kelly McConville, Krik Gunning, and Paul Coyle Sanders are all attending! See you there! 👋

🌍Tech giants invest in 'sovereign AI' to reduce US dependence 👮 Financial crime enforcement to remain priority in US 🏧 EY: How neobanks balance innovation and compliance  📄 The net has drastically widened for corporate criminal liability 💻EU AI Act: Draft guidance for general purpose AIs shows first steps for Big AI to comply In this week’s roundup of financial crime and compliance developments, we examine key regulatory shifts and industry responses across banking, technology, and corporate sectors.

🌎 TechCrunch: Trump's victory & AI policy shift: What it means for regulation 💰 Serious Fraud Office given extra funding to fight financial crime 🛠️ Former FTX CTO joins US gov to build fraud detection tool 🌘 The dark side of AI: deepfakes and disinformation  📜 New failure to prevent fraud guidance published As financial crime evolves alongside technology and political shifts, this month's top stories showcase how regulators, corporations, and AI systems are adapting to combat emerging threats - from deepfake scams to corporate fraud.