The U.S. Department of the Treasury remains busy as the close of 2024 fast approaches. Last week, the Treasury’s Office of Foreign Assets Control (OFAC) – the department’s financial intelligence and enforcement agency tasked with enforcing economic and trade sanctions in support of domestic national security and foreign policy objectives – levied sanctions against two […]
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As the adoption of new and potent financial technologies have continued to revolutionize the workplace for financial service providers, specifically those operating within the compliance realm, arguably an equal number of new opportunities have been presented to fraudsters attempting to circumvent detection and facilitate financial crime as the age of artificial intelligence (AI) continues to […]
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Last week, the National Crime Agency (NCA) – the United Kingdom’s national law enforcement service acting against organized crime, human, drug and weapons trafficking, and malicious cyber activity – led an operation that disrupted and exposed a multi-billion dollar web of money laundering networks catering to Russian elites, organized criminals and international fraudsters. In a […]
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