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Thailand’s Supreme Court Orders Former Prime Minister Thaksin Shinawatra Back to Prison

Thailand’s Supreme Court ruled on Tuesday that...

U.S. Treasury Issues Guidance to Boost Cross-Border Financial Information Sharing

The U.S. Department of the Treasury’s Financial...

Prabowo Faces First Major Corruption Scandal as Deputy Minister Arrested in Kickbacks Case

President Prabowo Subianto’s campaign promise to eradicate...

Money Laundering

U.S. Treasury Issues Guidance to Boost Cross-Border Financial Information Sharing

Fraud, Bribery & Corruption
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) on Monday unveiled new guidance encouraging financial institutions to voluntarily share information across borders in a bid to strengthen the global fight against money laundering, terrorist financing, and other illicit finance activity. The guidance...

U.S. Treasury Flags Chinese Money Laundering Networks Tied to Cartels, Fraud, and Real Estate

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a stark warning on the scale of Chinese money laundering networks (CMLNs), describing them as a significant and growing threat...

AUSTRAC orders audit of global crypto exchange

AUSTRAC has directed Binance Australia to appoint an external auditor after identifying serious concerns with the crypto exchange’s anti-money laundering and counter terrorism financing (AML/CTF) controls. Investbybit Pty Ltd, Binance Global’s Australian arm, is...

Man Sentenced for Over $11M COVID-19 Relief Fraud and Money Laundering Scheme

A Nevada man was sentenced today to over 15 years in prison and five years of supervised release for fraudulently obtaining more than $11 million in Paycheck Protection Program (PPP) loans guaranteed by the Small...

Money Laundering

U.S. Treasury Issues Guidance to Boost Cross-Border Financial Information Sharing

Fraud, Bribery & Corruption
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) on Monday unveiled new guidance encouraging financial institutions to voluntarily share information across borders in a bid to strengthen the global fight against money laundering, terrorist financing, and other illicit finance activity. The guidance...

U.S. Treasury Flags Chinese Money Laundering Networks Tied to Cartels, Fraud, and Real Estate

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a stark warning on the scale of Chinese money laundering networks (CMLNs), describing them as a significant and growing threat...

AUSTRAC orders audit of global crypto exchange

AUSTRAC has directed Binance Australia to appoint an external auditor after identifying serious concerns with the crypto exchange’s anti-money laundering and counter terrorism financing (AML/CTF) controls. Investbybit Pty Ltd, Binance Global’s Australian arm, is...

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

United Kingdom: FCA aims to ease burden on sustainability reporting following review

ESG
The Financial Conduct Authority (FCA) has said following its recent multi-firm review of how its climate disclosure rules have been operating that it will look to “streamline and enhance” its sustainability reporting framework and has pledged to “simplify disclosure requirements”. This is welcome news for the industry and seems to be driven by feedback from the asset management sector that Task Force on Climate-related Financial Disclosures (TCFD) reporting rules are overly granular. There also seems to be a move towards consolidation across UK sustainability reporting frameworks as the FCA will consider the Sustainability Disclosure Requirements (SDR), International Sustainability Standards Board (ISSB) and transition planning going forward. The FCA is aiming...

Crypto

U.S. Treasury Warns of Rising Criminal Exploitation of Crypto ATMs Amid Soaring Fraud and Laundering Cases

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a stark warning to financial institutions, urging them to closely monitor suspicious activity tied to convertible virtual currency (CVC) kiosks,...

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

U.S. Treasury Issues Guidance to Boost Cross-Border Financial Information Sharing

Fraud, Bribery & Corruption
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) on Monday unveiled...

Prabowo Faces First Major Corruption Scandal as Deputy Minister Arrested in Kickbacks Case

President Prabowo Subianto’s campaign promise to eradicate corruption has been thrown into sharp relief after the arrest of one of his own deputies, igniting speculation over the future of his sprawling cabinet. Deputy Manpower...

Regulations

Big 4 Corner

Sanctions

Sanctions Notice – Iran

Please be advised that the following individuals/entities have been designated under the Iran (Sanctions) Regulations 2023 (the UK regulations): Name OFSI...

Human Rights

Acting Assistant Attorney General Matthew R. Galeotti Delivers Remarks at the American Innovation Project Summit in Jackson, Wyoming

Thank you, Amanda, for that introduction, and thank you...

Ohio Siblings Sentenced for Laundering $784,045 in Drug Proceeds

An Ohio brother and sister were sentenced to federal...

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...

ICE arrests 9 illegal aliens and seizes drugs, scammed gift cards at underground nightclub in California

LOS ANGELES — ICE Homeland Security Investigations' El Camino...

AI / ML

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...

Two Chinese Nationals Arrested on Complaint Alleging they Illegally Shipped to China Sensitive Microchips Used in AI Applications

Two Chinese nationals – one of them an illegal...

UK Plans AI Experiment on Children Seeking Asylum

The United Kingdom’s announcement on July 22 that it...

Thailand’s Supreme Court Orders Former Prime Minister Thaksin Shinawatra Back to Prison

Thailand’s Supreme Court ruled on Tuesday that former Prime Minister Thaksin Shinawatra must serve a one-year prison term for previous graft and abuse of...

U.S. Treasury Issues Guidance to Boost Cross-Border Financial Information Sharing

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) on Monday unveiled new guidance encouraging financial institutions to voluntarily share information across...

Prabowo Faces First Major Corruption Scandal as Deputy Minister Arrested in Kickbacks Case

President Prabowo Subianto’s campaign promise to eradicate corruption has been thrown into sharp relief after the arrest of one of his own deputies, igniting...

Zambia’s Ex-Foreign Minister Sentenced in Landmark Corruption Case

Zambia’s former foreign minister Joseph Malanji has been sentenced to four years in prison with hard labour after being convicted on corruption charges, marking...

Former Justice Minister Sentenced to Hard Labor Over $19 Million Prison Project Scandal

A high court in Congo on Tuesday sentenced former Justice Minister Constant Mutamba to three years of forced labor after finding him guilty of...

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