News

Exploring ideas at the intersection of risk analytics, financial crime, and misconduct. Insights, ideas and news from the Schwarzthal Tech team.

Press Insights Company News

Schwarzthal Tech listed in the Global CyberTech100 for the third consecutive year

Press

May 2023

The CyberTech100 is an annual list of 100 of the world’s most innovative CyberTech companies. These are the companies every financial institution needs to know about as they consider and develop their information security and risk management strategies.

Financial crime intelligence start-up Schwarzthal Tech listed in FinTech Global’s RegTech100 for 2023

Press

Dec 2022

The RegTech100 is an annual list of 100 of the world’s most innovative RegTech companies. These are the companies every financial institution needs to know about as they consider and develop their mission critical RegTech and digital transformation strategies.

Schwarzthal Tech listed in FinTech Global’s CyberTech100 for 2022

Press

Jun 2022

The CyberTech100 is an annual list of 100 of the world’s most innovative CyberTech companies. These are the companies every financial institution needs to know about, especially when considering and developing their information security and risk management strategies.

NFTs seized by HMRC as illegal crypto crackdown continues

Press

Feb 2022

Three NFTs worth £1.4m have been seized as part of a tax fraud investigation. Law enforcement agencies are getting better at tracking illegal digital assets.

Convicted fraudster Arnaud Mimran indicted in France for two murders

Press

Apr 2021

Convicted Franco-Israeli fraudster Arnaud Mimran, who is currently serving an eight-year prison sentence in France, was indicted last week in two separate murder cases, according to French-language media.

Case of terrorism financing related to VAT fraud

Press

Mar 2021

A joint investigation led by the German team of Business Insider and by the Danish newspaper Jyllands-Posten unravelled another massive case of terrorism financing related to VAT fraud. Schwarzthal Tech's CEO underlines the challenges of tackling Trade-Based Money Laundering.

VAT Fraud Mechanism

Insights

Nov 2019

VAT fraud is a form of tax fraud. Example: companies not actually registering for paying VAT despite the fact that they are obliged to.

The Effects of Tax Fraud

Press

Nov 2019

Tax fraud, including in its role as financier to terrorism, was the topic of debate during two separate hearings of the European Parliament’s special committee TAX3 on Thursday.

Uber-Terrorism and VAT Fraud

Insights

Nov 2019

Uber-terrorism focuses on actions organized by local groups managed in a decentralized manner requiring minimal funding.

How to Conduct Research into Financial Fraud

Insights

Nov 2019

VAT as concept aroused originally in Germany during the post-World War I period as a replacement to the country’s direct sales tax.

Typologies of Crime on Financial Markets

Insights

Nov 2019

VAT as concept aroused originally in Germany during the post-World War I period as a replacement to the country’s direct sales tax.

Forensic Statistics and Case Studies

Insights

Nov 2015

Introduction to the Modern Crime in Financial Markets

VAT Fraud “101”

Insights

Nov 2019

VAT as concept aroused originally in Germany during the post-World War I period as a replacement to the country’s direct sales tax.

Tax fraud, VAT evasion and terrorism funding

Press

Nov 2019

VAT fraud is a form of tax fraud. Example: companies not actually registering for paying VAT despite the fact that they are obliged to.

Uber-Terrorism and Compliance Risk

Insights

Nov 2019

Uber-terrorism focuses on actions organized by local groups managed in a decentralized manner requiring minimal funding.

Du KYC au KYN

Press

Nov 2019

The banking industry has been hit over the past five years by a wave of fines for serious weaknesses in the systems and processes used to combat money laundering and the financing of terrorism.

VAT Fraud

Insights

Routledge Research in Finance and Banking Law

5 Q’s for Marius-Cristian Frunza, Founder and CEO of Schwartzthal Tech

Press

Feb 2023

The Center for Data Innovation spoke with Marius-Cristian Frunza, founder and CEO of Schwartzthal Tech—an AI company focused on financial crime intelligence. Frunza discussed how Schwartzthal Tech helps de-risk business transactions and bring more transparency and effectiveness to the financial services industry.

Financial Crime Intelligence startup Schwarzthal Tech ranks 2nd in the UK RegTech 50

Press

Dec 2022

The UK RegTech50 is an annual list of 50 of Britain’s most leading-edge RegTech companies. The annual ranking celebrates the UK’s most innovative startups, scaleups and established firms creating original technology for regulation, compliance and fraud protection.

Why Schwarzthal Tech is backing KYN to replace broken KYC

Insights

Jun 2022

Founded in 2019, Schwarzthal Tech is a UK-based RegTech startup that is developing Wunderschild Know Your NetworkTM, an AI-driven platform that provides financial crime intelligence and speeds up the look-up process for beneficiaries. Two years into its existence, what is next for the company?

Wunderschild-An AI Driven Platform for Financial Crime Intelligence

Press

May 2021

Schwarzthal Tech has developed an AI- Driven platform (Wunderschild) for Financial crime intelligence. The main aim is to democratize the fight against the Financial crime that is taking place at large now a days. They are also aiming to create a big global community to join the campaign for having a safer world free economic crime.

Convicted fraudster Arnaud Mimran indicted in France for two murders

Press

Apr 2021

French investigators charge jailed businessman with murdering his former accomplice in 2010, and his billionaire ex-father-in-law a year later

Challenges of KYC Processes

Company News

Feb 2021

MTIC VAT Fraud

Press

Nov 2019

This research explains the mechanisms and to assess the magnitude of the MTIC fraud based on macroeconomic data.

Introduction to Uber-Terrorism

Insights

Nov 2019

Uber-terrorism focuses on actions organized by local groups managed in a decentralized manner requiring minimal funding.

Crypto-Currency Focus

Insights

Nov 2019

Despite a negative and reluctant reception from part of the public opinion, crypto-currencies are without any doubt the main financial innovation.

Cyril Astruc, le suspect numéro 1 de l'escroquerie du siècle, raconte tout

Press

Nov 2019

La justice le soupçonne d’avoir inventé l’escroquerie du siècle. Ces quinze dernières années, Cyril Astruc a passé sa vie entre des villas somptueuses et des cellules de prison, fréquenté des gangsters et des milliardaires, gagné jusqu’à 600.000 euros par jour grâce à des méthodes peu avouables.

The Carbon Connection

Insights

Jun 2015

Fraud and Carbon Markets

Multilingual name matching

Insights

Nov 2019

Assessing the fully-fledged picture of a client is a crucial aspect of the KYC process. This assessment becomes complex when the client is resident and owns businesses in two or more countries

Cost of the MTIC VAT Fraud for European Union Members

Insights

Nov 2019

The aim of this paper is to explain the mechanisms and to assess the magnitude of the MTIC fraud based on macroeconomic data.

Estimation of the VAT Fraud

Insights

Nov 2019

VAT fraud is a form of tax fraud. Example: companies not actually registering for paying VAT despite the fact that they are obliged to.

ZEMBLA Uber-Terrorisme

Press

Nov 2019

Uber-terrorism focuses on actions organized by local groups managed in a decentralized manner requiring minimal funding.

Hedge funds

Insights

Nov 2019

VAT as concept aroused originally in Germany during the post-World War I period as a replacement to the country’s direct sales tax.

Solving Modern Crime in Financial Markets

Insights

Dec 2015

Analytics and Case Studies