Regulators worldwide are intensifying crackdowns on financial crime, with Binance cutting off European users over compliance concerns, while authorities probe major platforms and tech figures for money laundering and fraud. AI tools and data-sharing between banks and tech companies are emerging as key weapons against a $500 billion annual fraud epidemic.
·Binance exits European market after regulator raises financial-crime red flags
·Australia clears Sportsbet following anti-money laundering remediation efforts
·FATF president launches plan targeting $500bn fraud epidemic globally
·DOJ investigates China-based tech executive Neville Roy Singham for financial crimes
·Meta criticized by anti-fraud community for insufficient fraud-prevention measures
drawn from WSJ, The Mighty 790 KFGO, Thunes, LinkedIn · updated 19m ago