Tag
financial crime
2 articles
Why $1 Billion in Analog Card Fraud Still Works: AI Just Made It Cheaper
Credit card skimming and EBT fraud persist despite digital alternatives, as AI reduces production costs for personalized fake cards and criminals exploit outdated magnetic stripe infrastructure.
FinCEN Flags $12.7 Billion in Crypto Scams Tied to Southeast Asia Networks
Treasury's financial crimes unit traced over 33,000 suspicious transaction reports filed between September 2023 and December 2025 to criminal operations in Myanmar and Cambodia targeting U.S. investors.