Opinion
With crypto scams hitting $9.9 billion in 2024 and 90% of UK crypto apps failing AML checks, the industry needs data sharing to combat fraud.
The author is an independent contributor writing an opinion or expert take. Views expressed are the author’s own and may not reflect Cointelegraph’s editorial position. As CEO of Cifas, the UK’s leading fraud prevention service, Mike Haley leads efforts to expand data-sharing partnerships to combat fraud and financial crime. With over 30 years’ experience across public-private and nonprofit sectors and a master’s in criminology, Mike is a champion of a collaborative, cross-sector approach to fraud prevention.
With crypto scams hitting $9.9 billion in 2024 and 90% of UK crypto apps failing AML checks, the industry needs data sharing to combat fraud.