Last week, reports emerged that the United States government could once again be bringing forth new legislation with a sizeable impact on the domestic banking sector, namely with respect to the regulatory compliance sphere. The Trump Administration is reportedly exploring the announcement of a possible executive order that would require U.S. banks to collect citizenship […]
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The rapid expansion of cryptocurrency markets (largely powered by increased consumer and institutional investment) over the past decade has effectively reshaped the conversation on global finance. At the forefront of this discussion are the highly-publicized leaders in this space – Bitcoin and Ethereum – tokens now offering great investment potential and lauded for their potential […]
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Since 2025, the Trump administration has focused on reducing regulatory burdens for banks by targeting “debanking” practices, removing subjective “reputational risk” metrics in banking oversight, and even restructuring the very regulatory organizations that govern firms’ compliance with current legislation. Customer Due Diligence (CDD) however remains at the forefront of the United States’ ongoing anti-money laundering […]
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In wake of ongoing accusations of widespread fraud involving state and federal government-backed programs across the country operating at the expense of the American taxpayer, the U.S. Department of the Treasury (DOT) recently unveiled a new portal designed to collect anonymous tips on fraud, money laundering, sanctions evasion, and other notable financial crimes. In a press release […]
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Since the turn of the century, government-mandated anti-money laundering (AML) frameworks have stood as the financial industry’s first line of defense against illicit activity, with legislation governing respective programs designed to detect suspicious activity and stop the proceeds of criminal activity from being “cleaned” through financial institutions – protecting the integrity of both the domestic […]
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Since the turn of the century, government-mandated anti-money laundering (AML) frameworks have stood as the financial industry’s first line of defense against illicit activity, with legislation governing respective programs designed to detect suspicious activity and stop the proceeds of criminal activity from being “cleaned” through financial institutions – protecting the integrity of both the domestic […]
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In 2025, the U.S. Secret Service embarked on one of its most ambitious anti-fraud enforcement efforts in recent memory — a nationwide campaign to locate, dismantle, and prevent card skimming devices that harvest payment and benefits card data used to fund additional criminal activity. While credit card skimming is far from a novel concept, this unprecedented law […]
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The U.S. Financial Crimes Enforcement Network (FinCEN) announced a sweeping enforcement operation in late December 2025, signaling a new chapter in how the United States will use financial intelligence to confront illicit cross-border activity in years to come. Surpassing simple compliance checks, this concerted effort represented an uptick in use of data analytics to maintain […]
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As the United States government continues to identify and target foreign threats to national security, the U.S. Treasury made a significant move to escalate its financial and economic pressure on an old foe acting across the Middle East. Iran-aligned militant group Ansarallah, commonly known as the Houthis, became the subject of new disciplinary efforts levied by […]
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On November 24, 2025, the Office of Foreign Assets Control (OFAC), part of the US Department of the Treasury, imposed a $4,677,552 (£3,458,193) penalty on a real estate investor for ‘violating Russia sanctions and reporting obligations’. ‘US Person-1’ was found to have willfully dealt in property which was owned by a blocked and sanctioned individual […]
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