The global cryptocurrency sector is undergoing significant regulatory and market shifts as 2025 unfolds, with the European Union (EU) and the United States (US) adopting divergent approaches to the management of decentralized currency over the past several months. As Bitcoin appears to be in the midst of another major cyclical run-up, several less-heralded ‘altcoins’ are […]
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Last week, Singapore’s central bank, the Monetary Authority of Singapore (MAS), imposed collective fines totaling a whopping S$27.45 million ($21.5 million USD) against a total of nine financial institutions, a list including notable names such as UBS, Citibank, and Julius Baer Group, in connection with a major money laundering scandal that rocked the city-state in […]
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The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has recently announced two significant sets of sanctions targeting illicit financial networks tied to Iran and its ally in Lebanese militant group Hizballah, reinforcing the U.S. government’s commitment to curbing destabilizing activities in the Middle East. These actions, taken during a ceasefire in […]
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On June 25, 2025, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) – the bureau responsible for collecting and analyzing financial information to combat money laundering, terrorism financing, and other financial crimes both domestically and abroad – issued unprecedented orders targeting three Mexico-based financial institutions for their alleged roles in laundering money […]
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As the golden age of technological development continues to unfold and artificial intelligence (AI) continues to achieve mainstream utilization by businesses and individuals alike, the growth of AI-backed protocols has already contributed to significant improvements in workflow and operational efficiency across the financial realm. With AI now being used by financial institutions to better meet […]
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As the global crusade on financial crime continues worldwide, several significant developments in anti-money laundering (AML) and counter terrorism financing (CFT) took place domestically last week, underscoring enforcement efforts taken by the U.S. government as part of its intensified focus on sanctions compliance and illicit financial activities, particularly involving foreign entities seeking to exploit vulnerabilities […]
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The global inflation crisis has had a considerable impact on the average citizen both domestically and abroad over the better part of the past two years. Despite the obvious related consequences
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The booming cryptocurrency market has become the talk of the United States and the better part of the world since the start of 2021. No longer viewed as long-shot, speculative assets that provide
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One story dominated international headlines this week, as two key cogs in the multinational underground operation that is Tornado Cash have been charged with laundering over $1 billion
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The poorly planned and executed departure of the United States military presence from Afghanistan under the Biden administration has at least in part contributed to the Middle Eastern
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