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Second Fijian Deputy Prime Minister Faces Corruption Charges, Set to Resign from Cabinet

In a fresh political upheaval for Fiji’s...

FATF Maintains Pressure on Grey List Nations as Global Financial Crime Risks Persist

In its latest review released after the...

Former Finance Deputy Secretary Jacob Yafai Sentenced to 22 Years for Misuse of Public Funds

In a major anti-corruption ruling, the Waigani...

Money Laundering

FATF Maintains Pressure on Grey List Nations as Global Financial Crime Risks Persist

Money Laundering
In its latest review released after the June 2025 plenary, the Financial Action Task Force (FATF) reaffirmed its oversight of jurisdictions under increased monitoring—commonly known as the “grey list”—as part of ongoing efforts to combat money laundering (ML), terrorist financing (TF), and proliferation financing...

AUSTRAC releases guidance for current and new reporting entities

AUSTRAC has released reforms guidance to help current and future reporting entities comply with changes to the AML/CTF legislation. From 1 July next year, thousands of new businesses will come under the AML/CTF regime,...

Voting Machine Company Charged in Philippine Bribery and Money Laundering Scheme

MIAMI – A federal grand jury in Miami returned a superseding indictment today charging a multinational company that provides voting machine and election services for participating in a scheme to pay and launder more...

Powers proposed to tackle high-risk products services and channels

Minister for Home Affairs, Mr Tony Burke, will seek to introduce a new power enabling the AUSTRAC CEO to restrict or prohibit certain high-risk products, services or delivery channels. The amendment would give the AUSTRAC CEO...

Money Laundering

FATF Maintains Pressure on Grey List Nations as Global Financial Crime Risks Persist

Money Laundering
In its latest review released after the June 2025 plenary, the Financial Action Task Force (FATF) reaffirmed its oversight of jurisdictions under increased monitoring—commonly known as the “grey list”—as part of ongoing efforts to combat money laundering (ML), terrorist financing (TF), and proliferation financing...

AUSTRAC releases guidance for current and new reporting entities

AUSTRAC has released reforms guidance to help current and future reporting entities comply with changes to the AML/CTF legislation. From 1 July next year, thousands of new businesses will come under the AML/CTF regime,...

Voting Machine Company Charged in Philippine Bribery and Money Laundering Scheme

MIAMI – A federal grand jury in Miami returned a superseding indictment today charging a multinational company that provides voting machine and election services for participating in a scheme to pay and launder more...

USA
Events: 10,500 events
Fines: USD290 Bn
Imprisonment: 1,245,000 months
Entities (including individuals and organizations): 17K

UK
Events: 1,750 events
Fines: USD18 Bn
Imprisonment: 150,000 months
Entities: (including individuals and organizations): 3K

India
Events: 510 events
Fines: USD45 Mn
Imprisonment: 3,800 months
Entities: (including individuals and organizations): 400

South Africa
Events: 120 events
Fines: USD32 Mn
Imprisonment: 20,090 months
Entities: (including individuals and organizations): 190

Screening

BSP Mandates Integration of Adverse Media Screening into Customer Due Diligence Framework

Due Diligence
The Bangko Sentral ng Pilipinas (BSP) has taken a significant step to strengthen the country’s anti-money laundering and counter-terrorism financing regime by issuing Memorandum No. M-2025-017 on May 27. The directive mandates all...

IDAHOT 2024: freedom and equal rights in Europe | News item

KYC
Together with the Council of Europe, the Netherlands is hosting the European IDAHOT+ Forum in The Hague from 14 to 16 May. The forum is an important conference on the position and human...

ESG

Responding to the climate impact of generative AI

AI/ML
In part 2 of our two-part series on generative artificial intelligence’s environmental impacts, MIT News explores some of the ways experts are working to reduce the technology’s carbon footprint. The energy demands of generative AI are expected to continue increasing dramatically over the next decade. For instance, an April 2025 report from the International Energy Agency predicts that the global electricity demand from data centers, which house the computing infrastructure to train and deploy AI models, will more than double by 2030, to around 945 terawatt-hours. While not all operations performed in a data center are AI-related, this total amount is slightly more than the energy consumption of Japan. Moreover, an August 2025 analysis from...

Crypto

Former Los Angeles County Sheriff’s Deputy Pleads Guilty to Conspiring with Corrupt Cryptocurrency Figure to Extort and Falsely Arrest Rivals

LOS ANGELES – A former deputy and helicopter pilot with the Los Angeles County Sheriff’s Department (LASD) pleaded guilty today to federal conspiracy charges for helping a now-jailed, self-styled cryptocurrency businessman extort a...

Check out other categories:

abductionAI and Regulatory ReportingAI applicationsAI ethicsAI for Financial Crime InvestigationsAI in AMLai in aml (anti-money laundering)AI in Anti-Money LaunderingAI in customer service

Fraud, Bribery & Corruption

Second Fijian Deputy Prime Minister Faces Corruption Charges, Set to Resign from Cabinet

Fraud, Bribery & Corruption
In a fresh political upheaval for Fiji’s coalition government, Deputy Prime Minister and Finance...

Former South Australian MP Troy Bell Jailed for Theft of Public Funds

Former South Australian MP Troy Bell has been sentenced to five years in prison after being found guilty of stealing more than $430,000 in public funds intended to support vulnerable and disengaged students....

Regulations

Big 4 Corner

Sanctions

Sanctions Notice – ISIL (Da’esh) and Al-Qaida

Please be advised that the Security Council Committee pursuant to Resolutions 1267 (1999), 1989 (2011) and 2253 (2015) concerning...

Human Rights

Government to tighten up highly skilled migrant scheme

In order to further strengthen the knowledge economy and...

Suspected Tren de Aragua Member Pleads Guilty to Illegal Firearms Possession

ALBUQUERQUE – A Venezuelan national and suspected member of...

Fleeing illegal alien accused of murdering woman in custody after manhunt, charged with federal weapons violation

VICTORIA, Texas – A 41-year-old illegal alien from Cambodia...

Warm Springs Man Sentenced to Federal Prison for Coercion and Enticement of a Minor

PORTLAND, Ore.—A Warm Springs, Oregon, man was sentenced to...

AI / ML

Using generative AI to diversify virtual training grounds for robots

Chatbots like ChatGPT and Claude have experienced a meteoric...

Responding to the climate impact of generative AI

In part 2 of our two-part series on generative artificial...

Troy Health, Inc. Enters Non-Prosecution Agreement and Admits to Fraudulently Enrolling Medicare Beneficiaries and Identity Theft

Troy Health, Inc. (Troy), a North Carolina-based provider of...

Eco-driving measures could significantly reduce vehicle emissions

Any motorist who has ever waited through multiple cycles...

Helping data storage keep up with the AI revolution

Artificial intelligence is changing the way businesses store and...

Second Fijian Deputy Prime Minister Faces Corruption Charges, Set to Resign from Cabinet

In a fresh political upheaval for Fiji’s coalition government, Deputy Prime Minister and Finance Minister Biman Prasad is expected to resign from Cabinet today...

FATF Maintains Pressure on Grey List Nations as Global Financial Crime Risks Persist

In its latest review released after the June 2025 plenary, the Financial Action Task Force (FATF) reaffirmed its oversight of jurisdictions under increased monitoring—commonly...

Former Finance Deputy Secretary Jacob Yafai Sentenced to 22 Years for Misuse of Public Funds

In a major anti-corruption ruling, the Waigani National Court has sentenced former Deputy Secretary for Finance, Jacob Yafai, to 22 years in prison with...

Former South Australian MP Troy Bell Jailed for Theft of Public Funds

Former South Australian MP Troy Bell has been sentenced to five years in prison after being found guilty of stealing more than $430,000 in...

Sanctions Notice – ISIL (Da’esh) and Al-Qaida

Please be advised that the Security Council Committee pursuant to Resolutions 1267 (1999), 1989 (2011) and 2253 (2015) concerning ISIL (Da’esh) and Al-Qaida have amended...

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