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FINTRAC Partners with U.S. Federal Banking Agencies to Bolster Anti-Money Laundering Efforts
Canada’s anti-money laundering agency, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), has formalized a...
Dec 5, 20242 min read
Myanmar Tops 2024 Basel AML Index as Highest-Risk Jurisdiction for Money Laundering
Myanmar has been ranked as the highest-risk jurisdiction for money laundering globally in the 2024 Basel Anti-Money Laundering (AML)...
Dec 4, 20242 min read
U.S. Sanctions 21 Top Venezuelan Officials Over Alleged Election Fraud
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on 21 high-ranking Venezuelan ministers and security...
Dec 3, 20242 min read
Nearly £6 Billion in Suspicious Funds Used to Buy UK Properties via British Overseas Territories
Transparency International UK (TI) has uncovered that nearly £6 billion in suspicious funds have been channeled through British Overseas...
Dec 2, 20242 min read
Tether Allegedly Facilitating Money Laundering Linked to Mexican Drug Cartels
Tether, the world’s third-largest cryptocurrency by market capitalization, is under scrutiny from U.S. federal authorities for allegedly...
Nov 29, 20242 min read
UAE’s First Regulated Lottery Launched with Dh100 Million Jackpot
The UAE’s first regulated lottery operation has officially been launched, offering a grand prize of Dh100 million in the inaugural ‘Lucky...
Nov 28, 20242 min read
U.S. Lawmakers Urge Treasury Secretary to Reevaluate Ties with Hong Kong’s Banking Sector
Lawmakers in the U.S. House of Representatives have called on Treasury Secretary Janet Yellen to reconsider the United States'...
Nov 27, 20241 min read
UK Targets Isabel dos Santos, Dmytro Firtash, and Aivars Lembergs in Anti-Money Laundering Crackdown
The United Kingdom has imposed sanctions on three prominent figures, including former Angolan billionaire Isabel dos Santos, as part of a...
Nov 26, 20242 min read
U.S. Imposes Sweeping Sanctions on Russia’s Gazprombank Amid Escalating Ukraine War
The United States has introduced comprehensive sanctions against Gazprombank, a major Russian financial institution, as part of a broader...
Nov 25, 20242 min read
Swiss Regulator Warns of Stablecoin Risks in Illicit Finance
Switzerland’s financial regulator, the Swiss Financial Market Supervisory Authority (FINMA), has issued a cautionary statement about the...
Nov 22, 20242 min read
Eurojust Establishes Pan-EU Group to Strengthen AML and Financial Crime Response
Eurojust has announced the creation of a European-wide group aimed at enhancing collaboration between judges, prosecutors, and anti-money...
Nov 21, 20241 min read
Malta’s Constitutional Court Reinstates €454,293 FIAU Fine Against Phoenix Payments
Malta’s Constitutional Court has reversed a prior ruling that deemed a significant fine imposed by the Financial Intelligence Analysis...
Nov 20, 20242 min read
EU Guidelines Mandate Senior AML Leadership for Financial Institutions
In a significant step towards unifying anti-money laundering (AML) regulations across Europe, the European Banking Authority (EBA) has...
Nov 19, 20242 min read
OECD Criticizes Portugal Over Long-Standing Foreign Bribery Law Issues
Portugal has faced sharp criticism from the OECD Working Group on Bribery for its prolonged inaction on key proposals to strengthen laws...
Nov 18, 20242 min read
FinCEN Issues Alert on Rise of Deepfake Fraud Targeting Financial Institutions
The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a warning to financial institutions about a surge in...
Nov 15, 20242 min read
Wall Street Optimistic but Cautious as Trump’s Deregulatory Agenda Looms
Wall Street financiers gathered in downtown Manhattan on Wednesday, expressing cautious optimism about President-elect Donald Trump’s...
Nov 14, 20242 min read
Europol Warns of Criminal Networks Using Social Media to Recruit Minors for Drug Trafficking and Violent Crime
Europol has issued a stark warning regarding the growing trend of criminal networks turning to social media and encrypted messaging apps...
Nov 13, 20242 min read
Lithuanian Cryptocurrency Providers Drop by Half Ahead of Regulatory Changes
The number of Lithuanian companies authorized to offer cryptocurrency services has drastically declined, dropping by over half as the...
Nov 12, 20241 min read
MONEYVAL Report Highlights Europe’s Challenges in Securing Money Laundering Convictions
European countries are falling short in achieving effective money laundering prosecutions and convictions, according to MONEYVAL’s recent...
Nov 11, 20242 min read
UK Government Issues New Guidance on Corporate Criminal Offense for ‘Failure to Prevent Fraud
The UK government has introduced new guidelines addressing the corporate criminal offense of “failure to prevent fraud,” targeting large...
Nov 8, 20241 min read
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