Why Financial Crime Keeps Rising, Even After $200 Billion In Compliance Costs

Despite spending over $200 billion globally on compliance, financial crime continues to surge. AI, deepfakes, and scam networks are evolving faster than traditional defenses. In this panel we discuss:

  • How AI is changing the scam game
  • Real-life deepfake attacks on Malaysian banks
  • The impact of Malaysia’s National Fraud Portal

Featuring insights from:

  • Rohit Mittal, Director Market Planning, Financial Crime Compliance, LexisNexis® Risk Solutions
  • Azhar Bin Awang Kechil Chief Retail Banking Officer, al rajhi Bank Malaysia
  • Ken Yon, Senior Director, Risk & Compliance, Payments Network Malaysia (PayNet)
  • Vincent Fong, Chief Editor, Fintech News Network

Author

Avatar photo
RECENT NEWS

Cathay United Bank Launches First Private Banking Operations At Taiwans New Asset Management Hub

Taiwan has launched a new Asset Management Hub in Kaohsiung, aimed at accelerating the development of onshore private b... Read more

OCBC Hong Kong To Launch Serial Entrepreneur Financing By End-2025

OCBC Hong Kong has announced a new financing initiative by OCBC Group aimed at supporting serial entrepreneurs in Hong ... Read more

Hex Trust CEO Joins Hong Kongs Web3 Task Force

Alessio Quaglini, CEO and Co-founder of Hex Trust, has been appointed as a non-official member of the Hong Kong SAR Gov... Read more

E-Wallets Vs Digital Banks: Whats The Winning Fintech Model In Southeast Asia?

At Money20/20 Asia, we sat down with Jaykie Tan, Head of Business Development APAC at Mambu, and Cecilia Tan, Regional ... Read more

Hong Kong Introduces Anti-Scam Charter 3.0 To Tackle Online Financial Fraud

The Hong Kong Monetary Authority (HKMA), the Securities and Futures Commission (SFC), the Insurance Authority (IA), and... Read more

Eric Trump To Speak At Bitcoin Asia 2025 In Hong Kong

Eric Trump, the second son of US president Donald Trump, is set to speak at the upcoming Bitcoin Asia 2025 conference i... Read more