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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With the depth of AML/CFT regulations and federal legislation seen today largely governing the day-to-day workflows of American financial institutions small and large,
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Last summer, Congress announced that a groundbreaking measure was on the horizon that would significantly impact the entire American regulatory compliance sector moving forward.
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As part of the United States growing efforts to crack down on corporate crime and other white-collar criminal exploits, the U.S. Justice Department (DOJ) recently announced the creation
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The American financial sector was shaken in the month of March following a series of major banking failures that led to the demise of several notable financial institutions, leaving many
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2022 was a landmark year for ransomware attacks on major businesses and government agencies both domestically and abroad, with the prevalence of high-profile attacks continuing to rise
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The United States government is continuing to ramp up its crackdown on illegal cryptocurrency activity, this as yet another prominent exchange comes under fire after a string
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