FICO

AUGUST 4, 2021

In part 1 of this blog series my colleague defined NFTs or Non-Fungible Tokens. I think NFTs are even better for illicit purposes than traditional art, simply because the hurdles are lower. So, how do criminals go about using NFTs to launder money? Four steps to using NFTs for money laundering: Create the artwork.

NFTs

The Fintech Times

MAY 28, 2024

Both agreed that the service was a very welcome offering, however, the area of debate primarily revolved around the price point, with Francis suggesting that the AI bot should be free to access. Following this, the conversation turned to NFTs.

NFTs

The Payments Association

MAY 7, 2025

This article explores the top 5 fraud trends impacting high-risk merchants in 2025 and how innovative solutions like avoided.io Impact on high-risk merchants: Crypto Exchanges and Digital Goods: AI-powered bots are being used to create fake accounts and initiate fraudulent transactions, leading to unauthorised chargebacks. How avoided.io

Risk

FICO

JANUARY 19, 2022

From TBML to BNPL to NFTs, 2021 found fraud and financial crime professionals dealing with a plethora of new challenges and criminal schemes. NFTs and Money Laundering - Are Fraudsters Becoming Artists? The NFT of Everydays, The First 5000 Days by Mike Winkelmann sold for $6.9 Here are excerpts.

Financial Crimes