AI-enabled fraud is rising fast – what the latest UK economic crime reports tell us

Two recent reports, together with a new government strategy, provide a useful snapshot of how economic crime in the UK is changing – and how law enforcement is adapting in response. Report Fraud data points to sharp growth in AI-enabled scams, while the NECC’s latest annual report and the government’s new anti-money laundering strategy show enforcement becoming increasingly data-led, technology-enabled and dependent on private-sector collaboration....
By: Hogan Lovells Cadwalader