Fraud and money laundering are converging into one financial crime problem. From the AML Intelligence roundtable at the European Parliament: why prevention beats reimbursement, why responsibility is shifting to platforms, and what compliance officers should change now.
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The U.S. Department of Justice (DOJ) recently launched a far-reaching investigation into financial ties linking multiple major Wall Street financial institutions to Iranian Supreme Leader Mojtaba Khamenei. Khamenei, who just recently became Iran’s supreme leader in February after his father, Ayatollah Ali Khamenei, was killed in a joint U.S. – Israeli airstrike, acts as Iran’s […]
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Financial fraud has become one of the most costly and disruptive threats facing consumers and businesses across the globe today. In the United States alone, the Federal Trade Commission (FTC) reported that Americans lost a record $15.9 billion to fraud in 2025, an increase of more than $3 billion from the previous year, with approximately […]
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Last Friday, FinCEN handed banks 18 new red flags, a SAR key term, and a direct tip line to ICE. The advisory is framed as payroll fraud guidance, and the fraud is real, but read alongside EO 14406 and the CFPB’s new statement on immigration status, it amounts to something bigger: financial institutions being drafted into immigration enforcement. I broke down what’s actually in FIN-2026-A002, what it means for compliance teams, and what belongs on your agenda before month end.
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Last week, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) delivered another reminder that sanctions compliance remains paramount for financial institutions both domestically and abroad, and a rapidly evolving area of risk for organizations small and large. In a series of actions targeting the embattled countries of both Cuba and Iran, OFAC expanded […]
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On June 4, 2026, the U.S. Treasury’s Office of Foreign Assets Control did something it had never done before. It placed the sitting President of Cuba, Miguel Diaz-Canel Bermudez, on the Specially Designated Nationals (SDN) List. He was not added alone. OFAC designated his wife, Lis Cuesta Peraza, alongside Alejandro Castro Espin, Raul Alejandro Castro […]
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The Trump administration’s latest polarizing proposition once again places the domestic financial sphere on the forefront of the global war on dirty money. Unlike many of the actions preceding it however, the President’s latest executive order, coined Restoring Integrity to America’s Financial System, may ultimately prove to be one of the most consequential anti-money laundering […]
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This week’s brief leads with the biggest US AML rewrite in roughly 40 years, layered against an escalating run of mid-tier enforcement on three continents, two FinCEN alerts that reset Iran and trafficking typologies, and a Russia sanctions tempo that is now drifting faster between Washington, London, and Brussels than most screening vendors can keep […]
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Last week, the U.S. Department of Justice (DOJ) announced a string of money laundering charges levied against two Chinese nationals with significant ties to multiple transnational criminal organizations. The indictment of the two men, Ruhuan Zhen and Hongce Wu, became the latest escalation in an increasingly global war over cartel money, a conflict that no […]
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On May 5, 2026, Anthropic CEO Dario Amodei officially took the stage in New York to unveil a suite of ten specialized AI financial agent templates, a move that sent shockwaves through the fintech sector. Designed to automate everything from investment pitchbooks to complex compliance workflows, the announcement triggered a flurry of speculative headlines questioning […]
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