In a landmark operation known as Operation Kraken, law enforcement agencies from nine countries, led by Europol, have successfully dismantled the Ghost network, a secretive encrypted communication platform used by criminal organizations worldwide. Ghost allowed users to anonymously conduct illegal activities such as drug trafficking, money laundering, and violent crimes with end-to-end encryption and self-destructing messages.

The operation has resulted in 51 arrests across countries including Australia, Italy, and Canada, and disrupted a vital communication lifeline for organized crime. This takedown follows similar successes with EncroChat and AN0M, showing the growing global cooperation in the fight against encrypted platforms used by criminals.

Ghost Busted, but the fight against these networks continues. Congratulations to Europol, AFP, FBI, and all partners involved in this critical mission! 👏

Navigating AI Safety Standards Across Australia and Europe

In this episode, we tackle one of the most crucial topics in tech and finance today: AI Safety and Regulation.

With AI playing an increasingly significant role across industries, the need for ethical guardrails has never been more important. This episode dives into Australia’s Voluntary AI Safety Standard and Europe’s EU AI Act and NIS2 Directive, comparing the challenges and opportunities businesses face in both regions. We also explore Australia's potential shift toward mandatory AI regulations and how leading companies like Nuix are showcasing AI as a force for good in financial crime prevention.

In our latest episode of Fincrime TV, we break down the key findings from Europol's 2024 Internet Organised Crime Threat Assessment (IOCTA). Explore how artificial intelligence, cryptocurrencies, and the dark web are shaping the future of cybercrime and discover the innovative measures being deployed to combat these evolving threats.