AI is Key to Tackling Money Mules and Disrupting Fraud: Industry Group

ai-is-key-to-tackling-money-mules-and-disrupting-fraud:-industry-group

Money mules are an important part of the criminal money laundering pipeline. They help channel the proceeds from fraud and other criminal activities to the criminals themselves while obfuscating the process. The UK’s Financial Conduct Authority has estimated that more than $40 billion is laundered every week, with only 1% intercepted and seized.

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Biden Signs Executive Order on US-EU Personal Data Privacy

biden-signs-executive-order-on-us-eu-personal-data-privacy

Executive order requires that US signals intelligence activities be conducted “only in pursuit of defined national security objectives”

US President Joe Biden signed an executive order on Friday designed to protect the privacy of personal data transfers between the EU and the United States and address European concerns about US intelligence collection activities.

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