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New AMLA Chair Bruna Szego Outlines Three-Pillar Strategy to Combat Financial Crime Across EU
In her first public keynote address since taking the helm of the EU’s new Anti-Money Laundering Authority (AMLA), Chair Bruna Szego...
May 92 min read
U.S. Treasury Moves to Cut Off Cambodian Firm Huione Group Over Billions in Laundered Criminal Funds
The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has accused Cambodian financial services conglomerate Huione...
May 82 min read
Ghana Charts Regulatory Path for Digital Assets and Prepares for eCedi Launch
Ghana is preparing to take a groundbreaking step in Africa’s digital finance landscape, as the Bank of Ghana (BoG) gears up to begin...
May 85 min read
Gift Cards and Loyalty Programs: The Growing Tools of Global Money Laundering
What were once viewed as simple conveniences—gift cards and loyalty programs—are now emerging as major avenues for laundering billions of...
May 83 min read
UBS and Credit Suisse Settle U.S. Tax Fraud Case for $511 Million, Exposing Major Compliance Failures
Credit Suisse and its parent company UBS have agreed to pay a combined $511 million to settle a major U.S. tax fraud case, the Department...
May 73 min read
Indonesia Freezes $36.2 Million in Illegal Gambling Funds Amid Intensified Crackdown
Indonesian authorities have ramped up their offensive against unlawful online betting, freezing approximately $36.2 million in...
May 72 min read
Allwyn Faces Gambling Commission Scrutiny Over Missed Contractual Milestones and Fundraising Shortfall
Allwyn, the UK’s current National Lottery operator, is under review by the UK Gambling Commission following its failure to meet several...
May 72 min read
FINMA Chief Flags Elevated Money Laundering and Sanctions Risks in Switzerland
Switzerland continues to face elevated risks related to money laundering and financial sanctions, according to the head of the country’s...
May 71 min read
Stuart Davis Departs TD Bank Following Ten-Month AML Advisory Role Amid Historic U.S. Probe
Stuart Davis, a prominent expert in financial crimes and anti-money laundering (AML), has left Toronto-Dominion Bank (TD) after...
May 72 min read
Kraken Uncovers North Korean Spy Posing as Job Applicant in Covert Infiltration Attempt
Cryptocurrency exchange Kraken has revealed it uncovered a North Korean spy attempting to infiltrate its systems during what began as a...
May 73 min read
Traders Expect Full-Point Fed Rate Cut Amidst Signs of Slowing U.S. Economy
Markets are increasingly betting that the U.S. Federal Reserve will cut its benchmark interest rate by a full percentage point before the...
May 62 min read
CBC Issues 2025 AML Directive, Easing Requirements for Low-Risk Clients While Upholding Stringent Standards
The Central Bank of Cyprus (CBC) has officially released its 2025 directive on the prevention of money laundering and terrorist...
May 63 min read
Ukrainian Entrepreneur Arrested in Monaco for Allegedly Laundering Millions From Illegal Arms Profits
Authorities in France and Monaco have frozen €57 million in assets and arrested a Ukrainian entrepreneur accused of laundering proceeds...
May 62 min read
Kenyan Government Orders Shutdown of Over 50 Betting Firms in Illegal Gambling Crackdown
The Kenyan government has moved decisively to clamp down on unlawful gambling activity, ordering the immediate shutdown of more than 50...
May 52 min read
U.S. Treasury Targets Cambodian Firm Huione Group Over Alleged Role in Laundering Billions in Illicit Funds
The U.S. Treasury Department announced on Friday that it plans to bar Cambodian financial conglomerate Huione Group from accessing the...
May 52 min read
Euroclear to Seize and Redistribute €3 Billion in Frozen Russian Funds to Compensate Western Investors
Euroclear is preparing to confiscate approximately €3 billion ($3.4 billion) from Russian funds frozen at the Belgian clearinghouse, in...
May 53 min read
North Korean Hackers Created U.S. Companies to Spread Malware to Crypto Developers, Researchers Say
North Korean cyber operatives established two businesses within the United States, violating Treasury Department sanctions, in an effort...
May 23 min read
TD Bank Overhauls AML Team Leadership as New Chief Jacqueline Sanjuas Implements Structural Changes
Three vice presidents within TD Bank’s financial crime risk management unit are set to depart amid a broader leadership shake-up being...
May 22 min read
FinCEN Alerts U.S. Banks to Crude Oil Smuggling Operation Backing Mexican Cartel Profits
The Financial Crimes Enforcement Network (FinCEN), the U.S. Treasury Department’s anti-money laundering bureau, has issued a formal...
May 22 min read
EU Court Declares Malta’s Golden Passport Scheme Illegal, Marking End of Citizenship-for-Cash in the Bloc
The European Court of Justice has ruled that Malta’s controversial golden passport scheme breaches EU law, delivering a decisive blow to...
Apr 302 min read
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