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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 9, 20252 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 8, 20253 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 7, 20253 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 6, 20252 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 5, 20253 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 2, 20252 min read
GAO Urges FinCEN to Expand Access to Beneficial Ownership Data to Fight Fraud
Beneficial ownership information (BOI) plays a crucial role in combating fraud, according to the U.S. Government Accountability Office...
Apr 30, 20252 min read
AI Deepfakes Pose Escalating Threat to Gambling Sector’s AML Defences
The growing use of artificial intelligence in creating identification deepfakes and synthetic identities is becoming an increasingly...
Apr 29, 20255 min read
US Moves to Weaken Corporate Oversight Could See Monitorships Scrapped
The US government’s retreat from strict corporate regulation now looks set to include ending the use of monitors who oversee companies’...
Apr 28, 20253 min read
SFO Pushes Deferred Prosecution Agreements in New Corporate Fraud Guidance
The UK’s Serious Fraud Office (SFO) has unveiled new guidance that actively encourages the use of Deferred Prosecution Agreements (DPAs),...
Apr 25, 20252 min read
Asian Crime Syndicates Behind Cyber Scam Industry Expand Global Reach, UN Warns
Asian organized crime groups that built a multibillion-dollar cyber scam industry in Southeast Asia have now firmly established...
Apr 24, 20253 min read
UK Drug Gang Launches Meme Coin to Launder Criminal Profits in Unprecedented Crypto Move
In a development that may mark the first case of its kind in the UK, a drug gang based in Britain has reportedly created its own...
Apr 23, 20252 min read
Peru’s Ex-President Ollanta Humala Sentenced to 15 Years for Money Laundering in Odebrecht Scandal
Former Peruvian President Ollanta Humala has been sentenced to 15 years in prison after being found guilty of money laundering offences...
Apr 17, 20252 min read
U.S. Treasury Renews Real Estate Transparency Orders Targeting Shell Companies in Property Deals
Title insurance companies in certain U.S. jurisdictions must continue identifying the true owners behind shell companies that use cash to...
Apr 16, 20252 min read
Romanian-Led Crackdown Dismantles Major Money Mule Network Behind €3 Million Online Fraud Scheme
A major transnational money laundering network has been dismantled by Romanian authorities in close cooperation with their British and...
Apr 15, 20252 min read
Polish Researcher Uses GPT-4o to Forge Passport, Exposes Gaping Hole in Digital ID Verification
A Polish researcher has successfully used OpenAI’s ChatGPT-4o to generate a fake passport, which was then accepted by a platform that...
Apr 14, 20253 min read
Revolut Fine Raises Prospect of Direct Supervision by New EU Anti-Money Laundering Authority
The €3.5 million fine issued this week by the Lithuanian Central Bank against Revolut over failings related to financial crime compliance...
Apr 11, 20253 min read
Vatican Sees Drop in Suspicious Activity Reports Amid Push for Higher Quality Oversight
The Vatican City recorded a marked decline in the number of suspicious activity reports (SARs) filed in 2024, with officials attributing...
Apr 10, 20252 min read
Revolut Fined €3.5 Million by Lithuanian Central Bank Over Anti-Money Laundering Failures
Britain’s most valuable start-up, Revolut, has been fined €3.5 million ($3.83 million) by Lithuania’s central bank following a routine...
Apr 9, 20252 min read
HSBC Under Fire for Failing to Flag Suspicious Transactions Linked to Lebanese Embezzlement Case
HSBC failed to flag suspicious transactions potentially worth hundreds of millions of dollars over more than a decade, according to new...
Apr 8, 20252 min read
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