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OFAC Issues Sham Transaction Guidance, Expanding Counterparty Due Diligence Obligations

On March 31, 2026, OFAC published a...

Australia’s AML/CTF Reform Brings Expanded PEP Obligations Into Force from March 2026

Australia's financial intelligence authority AUSTRAC confirmed that...

PEMEX Bribery Plea and French CJIP Signal Active FCPA-Adjacent Enforcement in March 2026

March 2026 produced two notable anti-corruption enforcement...

Tag: contract slavery

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Fraud, Bribery & Corruption

UK Payment Regulator Proposes £415,000 Reimbursement Cap for Fraud Victims

The UK's Payment Systems Regulator (PSR) intends to establish a maximum reimbursement limit of £415,000 for victims of authorized push payment (APP) fraud. This...
Due Diligence

EU’s Groundbreaking Law Mandates Human Rights Due Diligence in Global Supply Chains

The European Union (EU) is set to enact a law that mandates thousands of large companies, including foreign entities operating within the EU such...
Fraud, Bribery & Corruption

FinCEN and IRS Issue Joint Notice on Red Flags for Tax Evasion and Insurance Fraud Schemes

The Financial Crimes Enforcement Network (FinCEN) and the Internal Revenue Service (IRS) have issued a joint notice highlighting red flags for financial institutions to...
FinTech

Alloy’s Report Highlights Compliance Challenges and Costs for Fintechs

Alloy, an identity risk management company, has unveiled a report revealing that 60% of surveyed fintechs faced compliance fines exceeding $250,000, with a third...
Money Laundering

Irish police have arrested an individual suspected of being a “mule herder” for the notorious “Black Axe” organized crime group, a transnational criminal organization....

Irish police have arrested an individual suspected of being a "mule herder" for the notorious "Black Axe" organized crime group, a transnational criminal organization....
Crypto

Singapore Introduces Regulatory Framework for Stablecoins, Leading Global Adoption

Singapore's financial regulator has introduced regulations for stablecoins, making it one of the early global adopters. Stablecoins maintain a fixed value against fiat currency,...
AI/ML

Legal Storm Brews: China’s Space-Time Cloud Company Accused of Running $92 Million Filecoin Pyramid Scheme

China's prominent Filecoin endeavor, the Space-Time Cloud Company, is facing legal scrutiny for allegedly operating a $92 million pyramid scheme. The company allegedly deceived...
Crypto

$400,000 seized by FBI from Binance account users in May

In May, the FBI confiscated nearly $400,000 worth of cryptocurrencies from Binance accounts, as indicated by recent public notices. The seizure involved bitcoin and...
ESG

Good Natured Reveals Consumer Preferences for Eco-Friendly Packaging and Convenience Eating in Survey

Good Natured Products Inc. (TSXV: GDNP) (OTCQX: GDNPF), a leading North American plant-based products company, has released its inaugural eco-friendly packaging survey results within...
Human Rights

An Opportunity to Remedy Inequality in Pakistan

The Sindh provincial government in Pakistan has taken an important step to mitigate harm from last year’s devastating floods and also provide redress for...
Money Laundering

FinCEN and IRS Target Tax Evasion and Fraud in US Real Estate Construction

FinCEN and the IRS Criminal Investigation unit have jointly issued a notice to US banks regarding tax evasion and workers' compensation insurance fraud in...
Human Rights

2 human smugglers sentenced for fatal smuggling event in Texas following HSI McAllen investigation

MCALLEN, Texas — Two Mexican citizens were sentenced Aug. 15 for their roles in a human smuggling conspiracy that resulted in three deaths. Homeland...
Recent Regulations & News

Reserve Bank of India Imposes Monetary Fines on Four Cooperative Banks for Regulatory Non-Compliance

The Reserve Bank of India (RBI) announced on August 14 that it has levied monetary fines on four cooperative banks for violating regulations. The...
PEPs

FCA Calls on Politicians to Report Bank Account Difficulties Amid ‘Debanking’ Review

The UK's Financial Conduct Authority (FCA) is calling on politicians to report any difficulties they encounter while trying to open or maintain bank accounts...

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