Lines of Thought / Topic
Fraud and scams: the line so far
6 developments and 2 rules, in date order. Built automatically from everything tagged with this topic.
- Rule · In forceUSNIST AI RMF
- SEC and SDNY charge Nate founder over claims his shopping app ran on AI
AI washing has moved from disclosure warnings to fraud charges against individual founders, so overstated AI claims in fundraising now carry criminal exposure.
- Google launches AP2, an open protocol for payments made by AI agents
Agent-initiated payments break the assumption that a human clicks 'pay', so authorisation, liability and fraud rules depend on proof-of-intent standards like this one.
- HKMA picks 27 use cases from 20 banks for second GenAI sandbox cohort
It shows a central bank using supervised sandboxes, rather than new rules, to shape how banks deploy GenAI and counter deepfake fraud.
- US Treasury releases AI lexicon and finance-specific AI risk framework
In the absence of binding US federal AI rules for finance, this voluntary framework is likely to become the benchmark examiners and auditors use.
Also on From principles to kill switches: finance AI rulebooks
- FCA names Barclays, UBS, Experian and others in second AI Live Testing cohort
The FCA is building its AI expectations from supervised real-world deployments, including agentic payments, rather than writing AI-specific rules first.
Also on From principles to kill switches: finance AI rulebooks
- Visa expands Agentic Ready agent-payment testing to Asia Pacific and Latin America
Card networks are setting the practical rules for agent identity, spending limits and dispute handling before regulators have, which will shape liability when agents pay.