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The government is positioning the UK as a leader in cyber security via a new Digital Security by Design initiative, backed by £70 million in government investment under the revamped Industrial Strategy.

Allowing money laundering to take place sends a clear message to criminals: crime does pay, according to LexisNexis Risk Solutions. Drug trafficking, human trafficking, cybercrime, and terrorist financing are among the real-world human effects of failing to tackle money laundering ...

Europe’s most valuable FinTech, German smartphone and online bank N26, now has a valuation of $3.5 billion (£2.8 billion) after receiving $170 million in new funding from existing investors, including Tencent, GIC, Valar Ventures, and Allianz X.

Proposals published by the UK Treasury under the Fifth Anti-Money-Laundering Directive (5MLD) could actively prevent the reporting of criminal financing, according to campaigners.

As the noise grows about Libra, Facebook’s proposed cryptocurrency, reports suggest that a number of European and US banks are actively avoiding the project.

The use of technology to enable financial crime has grown steadily over the past decade, according to the Asia Pacific Group on Money Laundering.