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NEWS: ‘New AI tools help us scan 100k websites per day for fraud’ – FCA’s Andrea Bowe tells IAFCS 2024

Andrea Bowe, Director at the Financial Conduct Authority’s (FCA) Specialist Directorate. Speaking at the International Anti-Financial Crime Summit 2024 (IAFCS2024) in London

BY PAUL O’DONOGHUE, Senior Correspondent

The UK’s FCA is using machine learning to get faster at identifying and taking down scams, one of its top staffers has revealed.

Andrea Bowe, Director at the Financial Conduct Authority’s Specialist Directorate, said the new approach has led to the takedown of hundreds of suspicious websites.

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