Day: June 13, 2024

Written by FinCrime

AI Chatbot Fools Scammers & Scores Money-Laundering Intel

Reported by Robert Lemos, Contributing Writer Over the past two years, researchers at UK-based fraud-defense firm Netcraft used a chatbot based on Open AI’s ChatGPT to respond to scams and convince cybercriminals to part with sensitive information: specifically, banks account numbers at more than 600 financial institutions spanning 73 different countries that are used to […]

Written by FinCrime

Beneficial ownership registries curb money laundering, but Ontario and Alberta remain vulnerable, expert says

Reported by MIKE HAGER Public registries created by Ottawa, British Columbia and Quebec to allow people to find a corporation’s hidden owners have made it more difficult for criminals to funnel their ill-gotten gains into shell companies, an expert has told an international conference. But other provinces and territories, such as Ontario and Alberta, have […]