World Fraud News

• AI Fraud Detection in Banking – IBM
  02/05/2025
  AI for fraud detection refers to implementing machine learning (ML) algorithms to mitigate fraudulent activities.
• Fraud flowers in April showers – FreightWaves
  01/05/2025
  This week: We examine freight fraud stats and close the case on some stolen vehicles.
• Man pleads guilty to fraud and laundering cryptocurrency now worth €200000
  01/05/2025
  … fraud including one of money laundering cryptocurrency worth €80,000 at the time of the offence but is now worth €200,000. Mazhar pleaded guilty …
• Freight brokers battle rising fraud schemes – DC Velocity
  01/05/2025
  TIA report tracks a 65% increase in incidences of cargo theft and strategic fraud over six months.
• Grassley, Whitehouse Welcome GAO Report on Use of Beneficial Ownership Information to …
  01/05/2025
  Grassley, Whitehouse Welcome GAO Report on Use of Beneficial Ownership Information to Bolster Fraud Detection. WASHINGTON – Sens. Chuck Grassley (R …
• Jailed paddleboard instructor sacked from police for fraudulent claim | ITV News
  01/05/2025
  … fraud by false representation under the Fraud Act 2006. Chief Constable Jeremy Vaughan said in his decision: “It is entirely unacceptable for …
• Tycoon who paid for divorce with £2.5m fraud after wife dumped him for Cesc Fabregas … – Daily Mail
  01/05/2025
  Taktouk was convicted of 11 charges of fraud by a jury and jailed for seven years in 2021, after funnelling cash given to him to renovate a multi- …
• Accountants warned to prepare for emerging fraud threats: RSM – Accounting Times
  01/05/2025
  The fraud landscape is rapidly shifting with the emergence of 'fraud as a service', AI deepfakes, and the sale of fraud kits on the dark web, …
• UK tax authority to tighten security following fraudulent claims for film VAT repayments
  01/05/2025
  Following a spate of suspected cases of fraud raised by UK independent producers, UK tax authority His Majesty's Revenue and Customs (HMRC) is …
• Irish Police Warns Irish Whiskey Cask Fraud Can Fund Organized Crime – Forbes
  01/05/2025
  The Irish national police have issued a warning to the public about the rise of so-called "whiskey fraud," urging victims to come forward.