The Latest FinCrime News from the Americas
Trends in Fraud and AML Convergence at US Mid-Market Banks & Credit Unions: Opportunities and Challenges
Trends in fraud and AML convergence show how AI and data integration can enhance detection, reduce costs, and improve regulatory compliance for mid-market banks.
Ex-Honduran Police Commissioner Cleared of Money Laundering in Shocking Ruling
A court in Honduras clears ex-police commissioner Lorgio Mejía of money laundering charges after an extensive investigation into his financial activities.
3 Charged in South Carolina Money Laundering Scheme Involving Millions in Drug Profits
Three individuals have been charged with laundering millions of dollars in drug proceeds through international networks, highlighting the impact of money laundering on the drug trade.
FINRA Strengthens AML Enforcement in Investment Banking and M&A Sector
FINRA is intensifying its focus on AML compliance in investment banking, especially for firms involved in M&A transactions.
Iran and US Sanctions: Treasury Targets Key LPG Magnate
Treasury designates Iranian LPG magnate Seyed Asadoollah Emamjomeh and his network, tightening sanctions on Iranian oil trade and cutting off crucial funding for weapons programs.
DOJ Disbands Crypto Crimes Team Amid Shift in Regulatory Focus
The US Department of Justice disbands its National Cryptocurrency Enforcement Team, refocusing on prosecuting crime in the digital asset sector amid new regulatory shifts.
Costa Rican Bank Faces $100M Money Laundering Probe Amid Growing Financial Scrutiny
Authorities in Costa Rica and Panama investigate a Costa Rican bank for alleged money laundering and tax evasion involving over $100 million in undocumented transactions.
FinCEN Extends Real Estate Targeting Orders to Combat Illicit Activity
FinCEN's renewed Geographic Targeting Orders continue to track illicit financial activity in U.S. real estate, focusing on shell companies in high-risk areas.
Former Peruvian President and Wife Both Sent to Jail for 15 years for Money Laundering
Former Peruvian president Ollanta Humala and wife Nadine Heredia sentenced for laundering millions in Odebrecht scandal, exposing high-level corruption.
Uncovering the Drug Trafficking and Money Laundering Nexus in Georgia
Federal indictment reveals a CJNG-linked money laundering scheme in Georgia, showing the cartel’s reach and fentanyl’s deadly toll.
TD Bank’s $3B Compliance Crisis Sparks Urgent Leadership Shakeup
TD Bank money laundering scandal raises governance questions and triggers a full-scale leadership overhaul aimed at rebuilding shareholder trust.
How Iran’s Oil Smuggling Network Exploits Maritime Loopholes
Iranian oil smuggling tactics evolve as the U.S. targets a shadow fleet and maritime evasion schemes linked to military and state actors.
Joint Action by TFTC Disrupts Al-Shabaab’s Terrorist Financing Operations
Sanctions on al-Shabaab operatives highlight how terrorist financing networks exploit local communities in Somalia while threatening global financial security.
Jack Dorsey’s Block Inc. Faces $40 Million Fine Over Alleged Crypto Compliance and AML Failures
Jack Dorsey's Block Inc. faces a $40 million fine over crypto compliance and AML failures, highlighting the increasing regulatory scrutiny in the crypto space.
OFAC Targets the Sinaloa Cartel’s Money Laundering Operations
Treasury's sanctions target money laundering operations tied to the Sinaloa Cartel, aiming to dismantle its financial networks and curb the global drug trade.
Hamas Financing and the U.S. Justice Department’s Latest Seizure Operation
Hamas is funding its terrorist activities not only through cryptocurrency but also by diverting humanitarian and governmental aid, enriching its leaders at Gazans' expense.
