Scion Roundup (30th September-6th October 2025)

Policy

- The European Central Bank has awarded a €237 million contract to Feedzai and PwC for fraud detection services related to the digital euro. This investment highlights the emphasis on safeguarding digital currencies against financial crime.

- The Anti-Money Laundering Authority (AMLA) in Frankfurt is gaining momentum, expected to enhance the EU's regulatory landscape.

- SymphonyAI and AML Intelligence have launched the 'FinCrime Frontier 2025' survey, aiming to gather insights from global compliance professionals to shape future AML and FCC strategies.

- Brazilian authorities are examining the use of deepfake technology in financial scams, following a case involving deepfakes of supermodel Gisele Bündchen. This highlights the need for updated regulations to address the threat of deepfake technology in financial crimes.

Enforcement

- A British national arrested in Spain has been extradited to the UK, showcasing international cooperation in tackling serious crime.

- The NCA has made a significant arrest in Brighton as part of an investigation into people smuggling, highlighting efforts to combat organised immigration crime.

- Members of a crime group involved in cocaine trafficking in North East England have been sentenced as part of Operation Venetic.

- Brazilian law enforcement is investigating financial fraud involving deepfakes of Gisele Bündchen, underscoring the importance of cross-border cooperation in tackling complex financial crimes.

Sanctions

- No significant updates in the sanctions domain this week. However, the Brazilian deepfake case may prompt discussions about potential sanctions against those using such technologies for illicit purposes.

Crypto

- A Chinese woman has pleaded guilty to laundering activities following the world's largest Bitcoin seizure, highlighting the complexities in tracking illicit activities within the cryptocurrency space.

- The Brazilian deepfake scam, while not directly involving cryptocurrencies, serves as a reminder of the potential for such technology to be used in crypto-related frauds.

Industry Moves

- Alexander Resch, Head of Financial Crime at Europol, will speak at the International Anti-Financial Crime Summit 2025, providing insights into combating financial crime.

- Interpol is promoting its 'I-Checkit' customer due diligence system to enhance global security measures.

- Financial institutions and technology companies are investing in AI and machine learning tools to combat the rise of deepfake technology in fraud detection.

Other

- LSEG Risk Intelligence has launched the 'World-Check On Demand' screening platform, offering enhanced capabilities for financial institutions.

- The NCA and The Law Society have launched a campaign to protect against payment diversion fraud in property sales.

- AML Intelligence has joined the 'World News Day 2025' campaign, supporting fact-based journalism.

- The Brazilian deepfake scam has sparked discussions about the ethical implications of AI technologies, highlighting the need for dialogue between technologists, policymakers, and compliance experts.

---

This briefing was produced automatically by Scion Compliance using expert-tuned AI. Visit our website to learn more.