Category: Trending

Trending: FinCEN Highlights Novel U.S. Tax Evasion Efforts through Shell Companies

As inflation rates continue to wreak havoc on the bottom-lines of the middle and lower class across the United States, American citizens are seeing their dollar count for arguably less than ever

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U.S. Continues Crackdown on Crypto Mixers in New Criminal Proceedings

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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Weighing the Money Laundering Implications of FATF Suspending Russia’s Membership

The Financial Action Task Force (FATF) – an intergovernmental organization created to develop policies to combat money laundering on the global scale

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International Authorities Continue Crackdown on Crypto Blenders as ChipMixer Seized

The anti-money laundering crusade has expanded significantly over recent years to address what has become an ever-evolving landscape on the global scale. The rapid, mainstream growth

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U.S. Treasury Begins Crackdown on ‘DeFi’ Services

The United States Treasury Department (DOT) is seeking to continue its crackdown on financial entities that have to date not been subjected to the same anti-money laundering regulations

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Global Radar fraud

U.S. Anti-Illicit Drug Crusade Shifts Focus to Fentanyl, Traffickers

As part of its ongoing battle to limit the proliferation of money laundering efforts and activities that contribute to the funding of terror operations at the respective regional and international levels

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Diamonds: A Terrorist’s Best Friend?

The old adage goes “diamonds are forever”, and such has been the case with respect to the relationship between the precious gems market and financial crime. The laundering of ill-gotten

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AML

Treasury Announces Who Has Access To Beneficial Ownership Database

Congress’ passing of the U.S. Corporate Transparency Act (CTA) culminated in a groundbreaking amendment to the Bank Secrecy Act (BSA)

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anti-money-laundering

Record Enforcement Actions Expected Following Treasury’s Whistleblower Revamp

Over the past decade, the United States has made significant strides in upping the ante against both domestic and international money laundering

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Trending: Global AML-Related Fines Surged by 50% in 2022

The penalties issued against both domestic and international financial service providers for lapses in their money laundering defenses rose

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