Fourthline

👬 Something that both candidates secretly agree on ⬛ Ukraine rails against decision to exclude Russia from AML blacklist ℹ️ Organized criminals as mercenaries of disinformation 🍃 KPMG: The failure to prevent fraud offence and ESG claims 🔫 OpenAI: The case for targeted regulation Welcome to this week's edition, covering hidden agreements, controversial AML decisions, fraud risks, and calls for targeted regulation.

💰 MiCAR and AML: new regulations on cryptocurrencies in Italy 🏧 Crypto banks under fire? Regulatory crackdowns and opportunities 👨⚖️Lawyers vulnerable to money launderers  🗽 AI becomes Uncle Sam's super sleuth 📰 FT: Both challenger and traditional banks need to do more to prevent fraud Get the latest on how regulators are tightening the screws on crypto, banking, and AI to combat financial crime worldwide—plus, why lawyers might be the next weak link.

🌞From stage to stage in sunny Valencia! Yesterday at the VDS Summit Valencia, our Head of Solution Engineering and Delivery, Colin Blonden, shared invaluable insights on combating AI fraud with cutting-edge AI solutions. Under the Mediterranean sun at the pitch stage, Colin demonstrated how financial institutions can stay ahead of evolving fraud threats in the digital age. Later in the day his hands-on workshop equipped attendees with strategies for leveraging AI to protect both businesses and consumers. Thank you to everyone who joined us and engaged in such thought-provoking discussions. The stunning Valencia backdrop provided the perfect setting for catching up with our existing business partners and speaking to fellow innovators in the digital space. Don't hesitate to reach out to the Fourthline team if you have any more questions about our presentations or want to know more about what Fourthline does. Looking forward to next years event! 👋

Excited to announce that our Head of Solution Engineering & Delivery, Colin Blonden, will be speaking at the VDS Summit in Valencia! In his workshop "AI vs AI: Winning the Digital Identity Battle", Colin will explore how financial institutions can leverage AI-powered solutions to combat the rising wave of sophisticated fraud attempts, from deepfakes to synthetic identities. Join us to discover: ➡ How AI is transforming both sides of the fraud battlefield ➡ Why traditional verification methods are becoming obsolete ➡ How Fourthline's AI technology helps protect your customers and business Come join us in the Workshop Room hosted by The Square! 📅 24 October 📍 VDS Summit, Valencia ⏰ 15:00 Will you be at VDS? Let's connect! Drop a comment below or reach out to schedule a meeting with our team.

💸 Global money laundering body to consider blacklisting Russia 👷 AI leaders discuss responsibility & regulation 🛍️ FATF confirms new ‘greylist’ rules, aimed at helping poorer countries 📻 AI helped the feds catch $1 billion of fraud in one year 👮 U.S. AML laws are outdated. Regulators are struggling with how to modernize them. This week we discuss global money laundering risks, new regulations aimed at aiding developing countries, and AI’s expanding role in fraud detection. Happy reading!

💸 TD Bank fined $3bn in historic money laundering settlement 👷 Employing AI fraud: Fake job applicants and fake employers 🛍️ Ecommerce fraud to exceed $107bn in 2029  📻 Leaders in Finance Events Podcast: Live at the AML event 👮 How countries are navigating digital asset regulation In this edition, we tackle the latest in financial crime, rising fraud trends, insights from industry leaders, and global regulatory shake-ups—because in the world of financial crime, there’s never a dull (or honest) moment!

💪 Revolut challenges Meta on fraud liability 👵 Financial crime fight hits 'reset moment' as old methods fail 💸 Starling Bank's £29mn wakeup call 🤖 California's AI bill flop puts UK on notice 👮 SEC's Gensler plays 'Good Cop, Bad Cop' with crypto This week we dive into Revolut’s fraud fight with Meta, a wakeup call for fintechs like Starling, failed AI regulation in California, and the SEC’s ongoing crypto crackdown.

📍 Fourthline will be at Leaders in Finance Events' AML event on Thursday! Our CEO Krik Gunning will be joining forces with Robert van Haersma Buma of our business partner Rabobank for an insightful "Ask Me Anything" session at the upcoming AML Leaders in Finance event. ➡ Topic: Latest Developments in AML Screening and Monitoring Don't miss this opportunity to gain valuable insights from industry leaders on the forefront of financial crime prevention. Bring your questions and join the conversation! Also don’t hesitate to reach out to Bjorn op den Buijsch, Jesse Weststrate and Krik for a coffee or chat! 👋

🚓 Why are only 1% of financial crimes brought to justice? 🗽 Will the US presidential election define the future of crypto? 💂 FCA warns of insufficient oversight in UK AML efforts ☎️ The EU AI Act and telecoms fraud 📈 Deepfake financial fraud to surge over the next 12 months In this edition, we dive into the mounting threats of deepfake fraud, regulatory crackdowns, and the global race to stay ahead of cybercriminals reshaping the future of finance.

🚨 FCA calls for collaboration as fraud accounts for 36% of all crime 💪 Former Trump adviser charged with laundering money through art 🔒 KYC in crypto mining: catalyst for industry growth 💂 Inside the EU's sanctions playbook: A diplomatic chess game 🌎 A realist perspective on AI regulation From art heists to crypto mining, this week’s financial crime roundup feels like a mix of Oceans 11 and a diplomatic chess match. Happy reading!