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A former U.S. Postal Inspector has agreed to plead guilty to dozens of federal criminal charges after prosecutors alleged he abused his law enforcement position to steal hundreds of thousands of dollars from mail sent by elderly fraud victims, before laundering the proceeds through personal expenditures and concealing the income from tax authorities. The case represents one of the most serious recent examples of public corruption involving a federal law enforcement officer an

Swiss private bank Lombard Odier has been fined CHF 3 million after Switzerland's Federal Criminal Court concluded that the institution failed to implement adequate organisational measures to prevent money laundering linked to a long-running international corruption case. The judgment follows years of criminal proceedings examining the bank's handling of client relationships associated with funds allegedly derived from corruption involving Uzbekistan's former ruling elite. Th

The founder and managing partner of a Manhattan-based private equity firm has pleaded guilty in federal court to multiple criminal offences after admitting to orchestrating a years-long investment fraud that diverted tens of millions of dollars from clients. The case highlights the significant anti-money laundering and governance risks associated with investment managers who misuse investor capital while concealing the true nature of financial transactions. Jay Lucas, 71, fou

A Philadelphia woman has admitted her role in a sophisticated money laundering conspiracy that channelled more than US$1 million in proceeds from business email compromise (BEC) fraud, highlighting the continued threat such schemes pose to public sector organisations and financial institutions. Domonesha Owens, 37, pleaded guilty to one count of conspiracy to commit money laundering in the U.S. District Court for the Eastern District of Pennsylvania. The guilty plea follows a

The UK Gambling Commission has concluded its regulatory review of Evolution Malta Holding Limited with a £4.75 million regulatory settlement after determining that the company's casino games were made available to British consumers through a number of unlicensed gambling websites. The case represents one of the regulator's latest enforcement actions aimed at preventing licensed suppliers from supporting the illegal online gambling market and reinforces the Commission's expect

Spanish law enforcement authorities have dismantled a sophisticated organised crime network that allegedly laundered millions of euros in drug trafficking proceeds through a network of nightlife venues, hospitality businesses and commercial companies operating in the southern provinces of Seville and Cádiz. The operation exposed an extensive financial infrastructure that blended illicit cash with legitimate business revenue while using shell companies, false accounting record

A former Certified Public Accountant has been sentenced to four years in federal prison after helping launder millions of dollars stolen from one of Georgia's leading paediatric healthcare providers through a sophisticated business email compromise scheme. The case highlights the growing threat posed by cyber-enabled financial fraud targeting healthcare organisations and demonstrates how individuals with financial expertise can play a critical role in facilitating the movemen

An Oregon payment processing broker has been sentenced to three years in federal prison after admitting his role in a wire fraud conspiracy that enabled fraudulent businesses to withdraw millions of dollars from corporate bank accounts through unauthorized electronic debits. Jeremy Todd Briley, 47, of Happy Valley, Oregon, was also ordered to forfeit $460,000 in criminal proceeds and will serve three years of supervised release following the completion of his custodial senten

A federal court has sentenced Derek Rockette, a 53-year-old resident of St. Louis, Missouri, to 15 years in prison after investigators uncovered his role in a long-running drug trafficking organization that laundered approximately $1.5 million in criminal proceeds through a series of sophisticated domestic and international financial channels. The case, which stemmed from a Comprehensive Money Laundering Network (CMLN) investigation, exposed how proceeds generated from narcot

Italian authorities have seized a substantial quantity of undeclared investment gold after customs officers discovered more than 62 kilograms of bullion concealed in the luggage of two passengers arriving at Rome's Leonardo da Vinci Airport in Fiumicino on a commercial flight from Spain. The operation, carried out jointly by the Guardia di Finanza's Fiumicino Group and officials from the Lazio 2 Office of the Customs and Monopolies Agency, resulted in the administrative seizu

The Singapore Police Force Cyber Command, working in close coordination with the Royal Malaysia Police, has secured the extradition and prosecution of a 28-year-old Malaysian national accused of participating in a sophisticated cross-border money laundering operation that exploited digital banking infrastructure to move illicit funds across international borders. The case represents a major regional enforcement success against organized financial crime and highlights the incr

Germany’s Federal Financial Supervisory Authority (BaFin) has issued a legally binding administrative order requiring Landesbank Hessen-Thüringen Girozentrale (Helaba) to address significant shortcomings in its anti-money laundering framework after supervisory examinations identified systemic weaknesses in the bank’s transaction monitoring systems and internal risk management processes. The regulator found critical deficiencies affecting the institution’s ability to detect su

The Isle of Man Gambling Supervision Commission (GSC) is reinforcing its efforts to combat illegal gambling by expanding cooperation with international regulators and establishing a dedicated Intelligence and Enforcement Division to strengthen oversight beyond the regulated market. In a statement released on July 20, the regulator outlined a series of initiatives designed to improve the detection of unlawful gambling activities, enhance cross-border regulatory collaboration,

Philippine casino operators are entering a period of intensified regulatory oversight after the issuance of PASED Advisory No. 2026-005 on July 13, 2026. Through the advisory, the Philippine Amusement and Gaming Corporation (PAGCOR) formally released its second Casino Sector Risk Assessment, covering the years 2021 through 2024. The assessment assigns the regulated casino sector an overall High risk rating for money laundering and a Medium-High risk rating for terrorism finan

Sen. Joel Villanueva has expressed support for proposed amendments to the country's anti-money laundering legislation, stating that law enforcement authorities require broader legal powers to effectively respond to increasingly sophisticated financial crimes while ensuring that any expansion of authority is accompanied by adequate safeguards against misuse. To advance these reforms, Villanueva filed Senate Bill 1983, a measure designed to strengthen the country's anti-money l

Singapore law enforcement agencies have launched a sweeping nationwide enforcement operation targeting suspected money mules, with offenders facing penalties of up to $500,000 under the country's stringent anti-money laundering legislation. The large-scale operation, conducted by the Commercial Affairs Department together with the seven Police Land Divisions, resulted in 579 individuals being placed under investigation for allegedly facilitating the movement of illicit funds

Swedbank and its New York branch have agreed to pay a $50 million penalty to settle an investigation that found the institution failed to provide regulators with critical information about relationships linked to the Panama Papers leak. The inquiry determined that the bank did not carry out adequate due diligence on shell companies associated with customers identified in the leak and repeatedly failed to fully comply with official requests for information concerning its ties

The Enforcement Directorate (ED) has stepped up its investigation into self-proclaimed godman Ashok Kharat by filing a money laundering chargesheet against him, his wife Kalpana Kharat, and four other individuals before a special court. The agency has also attached assets valued at ₹36.90 crore as part of its ongoing probe into allegations that Kharat exploited women through claims of possessing "mind reading" abilities and by manipulating their emotions in order to defraud t

The limited ability of UK banks to access Anthropic's advanced artificial intelligence model, Mythos, has intensified concerns over Britain's dependence on foreign technology and highlighted the need for the country to accelerate the development of its own AI capabilities. Harriet Rees, Chief Information Officer at Starling Bank and the government's appointed "AI champion" for the banking sector, said the situation demonstrates why the UK must take a long-term strategic appro

Thailand’s Cyber Crime Investigation Bureau (CCIB) has arrested 12 individuals accused of operating an online gambling and money laundering network, following a series of coordinated raids in Bangkok, Samut Prakan and Tak provinces that resulted in the seizure and freezing of assets worth more than THB13 million ($388,000). The arrests were announced during a press conference held at the CCIB headquarters in Muang Thong Thani on Monday, led by Deputy CCIB Commissioners Pol. M