How many ai-washing AI incidents have banks had since 2022?
As of Oct 21, 2026, the register holds 2 publicly reported AI incidents at banks and fintechs in the AI-washing category since January 2022. 2 of the 2 records involve systems the institution or a regulator described as AI; 0 are automated systems not described as AI. Countries: United States (2). Average severity 3.0 on a 1–5 scale. Status: 2 settled. The most recent is "SEC charges Rimar Capital over false claims of an AI-driven trading platform" (Oct 10, 2024).
Incidents
| Date | Institution | Incident | AI? | Role | Category | Severity | Status |
|---|---|---|---|---|---|---|---|
| Oct 10, 2024 | Rimar Capital USA, Inc. / Rimar Capital, LLC | SEC charges Rimar Capital over false claims of an AI-driven trading platform | AI (stated) | Governance finding | AI-washing | 3 | Settled |
| Mar 18, 2024 | Delphia (USA) Inc., Global Predictions Inc. | SEC's first 'AI-washing' cases: robo-advisers Delphia and Global Predictions pay $400,000 | AI (stated) | Governance finding | AI-washing | 3 | Settled |
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