Is this you? As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
Claim your profile
It started with small cash bribes. In late 2022, a single employee at TD Bank decided to earn a bit extra by opening accounts in exchange for payment – a few hundred dollars here and there. Within months, he had opened more than 100 accounts, several of which later became vehicles for money laundering and fraud. The bank detected nothing. Only when US authorities launched an investigation did the irregularities come to light.
An effective fightback against AI-driven crime requires a united defence, not isolated systems. Banks, authorities, telecom providers and tech platforms must share warnings in real time and act before the fraud reaches consumers. Yet cross-sector collaboration remains too fragmented. A new arms race is underway in the financial sector. Artificial intelligence has changed the rules of the game – and right now, the criminals are in the lead.
The use of cryptocurrencies is growing. The EU aims to tighten regulations to protect consumers, while the US focuses on market freedom. Cryptocurrencies promise a world without banks and intermediaries - a vision where rules and transparency are built into technology instead of relying on institutions. Over $3 trillion is now invested in crypto assets, with the number of cryptocurrency owners rapidly increasing: 15% in the US, 12% in the UK, and 9% in Denmark.
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
