2+ day, 14+ hour ago   (264+ words) Carousel VAT fraud drains €50 billion annually from European treasuries, outpacing HSBC's $22 billion net income and inflating compliance costs for global lenders. Bullough argues carousel fraud has no earnings ceiling, pushing criminal gangs to collaborate rather than compete, enabling ever-larger and…...

1+ week, 5+ day ago   (490+ words) An international financial leader just warned that artificial intelligence-driven cyber attacks were an immediate global financial risk. "For the financial system, the most immediate concern is the potential impact of frontier AI on cyber risk," Bailey wrote, in his letter....

2+ week, 6+ day ago   (794+ words) Consortium launches cross-regional pilot on post-quantum security with participation from banks and regulatory stakeholders AOL.com Convened by the Responsible Fintech Institute with Safeheron as technology partner, to evaluate and eventually open-source quantum-resilient infrastructure for wallet generation and digital asset…...