Woofun AI reports that a UK government-commissioned fraud review recommends the Judicial College provide specialized training for judges and magistrates in England and Wales to address rising AI fraud and cryptocurrency money laundering. The report highlights that while the Fraud Act 2006 covers AI-related offenses, courts lack preparedness, suggesting updates to existing complex trial courses or mandatory modules for judges handling such cases.

The review projects fraud could constitute half of all crimes in England and Wales by June 2025, with an estimated 4.1 million annual cases affecting one in 14 adults and one in four businesses. It notes that over half of investment scams currently involve crypto assets. The report cites the case of Qian Zhimin, who operated a Ponzi scheme defrauding 128,000 victims of £5 billion, resulting in the largest confirmed Bitcoin seizure in UK history exceeding 61,000 BTC and an 11-year, 8-month prison sentence.