Day: February 28, 2024

Written by FinCrime

AI is Uncle Sam’s new secret weapon to fight fraud

Reported by Matt Egan, CNN Uncle Sam has quietly deployed a new secret weapon designed to catch bad guys trying to steal from taxpayers: artificial intelligence. Starting around late 2022, the Treasury Department began using enhanced fraud-detection methods powered by AI to spot fraud, CNN has learned. The strategy mirrors what is already being done […]

Written by FinCrime

Switzerland and Panama to increase anti-crime cooperation

Reported by SWI swissinfo.ch Switzerland and Panama are to cooperate more closely in the fight against international crime. After the Senate in December, on Tuesday the House of Representatives unanimously gave the go-ahead for a new treaty. For the first time, requests for mutual assistance can be submitted electronically. This is the first time that […]