The Latest FinCrime News about Crackdowns
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CaixaBank Faces 17.5M€ Fine Over CEPSA Tower Related AML Failures
CaixaBank faces a 17,601,000 euro fine as part of a major enforcement of administrative governance protocols after failing to stop a money laundering scheme.
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Prince TCO Founder Chen Zhi Arrested Amid 15 Billion Asset Seizure
The arrest of Chen Zhi for Prince TCO Money Laundering follows a record 15 billion dollar asset seizure by the DOJ, exposing a global web of fraud and forced labor.
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Texas Couple Convicted for 25 Million Dollar Money Laundering Scheme
A Texas couple faces decades in prison after a Multi-Million Dollar Money Laundering Case Study revealed they defrauded 10,000 victims of 25 million dollars.
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California Man Faces 20 Years for Laundering 27.4 Million Dollars
Yan Lin faces twenty years for managing a Chinese Money Laundering Network that funneled over 27 million dollars in cartel profits through trade based schemes and mirror transactions between 2022 and 2024.
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Taipei Authorities Indict Thirty Five For $970M Money Laundering
Taipei prosecutors indict 35 people for a massive 970M$ money laundering scheme using custom gateways HeroPay and MatchPay to hide profits through Money Laundering via Third Party Payment Platforms and restaurant fronts.
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CSSF, the Luxembourg Regulator, Fines Rakuten Europe Bank for AML Failures
The CSSF has fined Rakuten Europe Bank €185,000 for failing to maintain an adequate transaction monitoring system and neglecting critical sanctions alerts.
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TD Bank Employee Pleads Guilty in Massive 474 Million Dollar Laundering Case
A TD Bank assistant manager admits to an anti money laundering failure involving 474 million dollars in criminal funds and 11,000 dollars in bribes.
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French Regulator AMF Fines M Capital Partners 150,000 Euros for AML Gaps
The AMF and M Capital Partners reached a final decision involving a 150,000 euro fine for unauthorized services and failing to maintain an AMF Primary Focus Keyword framework.
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Authorities in France Dismantle Massive Training Fund Fraud and Money Laundering Worth 15M€
A massive Training Account Exploitation case in France reveals how a criminal network laundered 15 million euros through New Mexico and Luxembourg shell companies.
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KoFIU Sanctions Korbit With 1.9M$ Penalty for Significant AML Violations
The Korea Financial Intelligence Unit imposed a KRW 2.73 billion fine on Korbit after an inspection revealed 22,000 AML breaches and failures in the Korbit Financial Intelligence Unit compliance framework.
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Dutch Authorities Crack Down on TOTO Online Over Major Compliance Failures
TOTO Online B.V. received a regulatory instruction after the Dutch Gambling Authority found failures in its Anti Money Laundering procedures and risk management protocols.
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FINRA Hits Osaic Institutions with $650000 Fine for Reporting Failures
Osaic Institutions faces a $650,000 fine and censure for failing to maintain a robust Anti-Money Laundering program and neglecting suspicious activity reports.
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CBUAE Revokes Omda Exchange License and Imposes Dh10 Million Fine
The CBUAE revoked the license of Omda Exchange and imposed a 10 million fine following an investigation into Omda Exchange AML Violations and regulatory failures.
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FinCEN Launches Data-Driven Border MSB Probe Over Potential BSA Money Laundering Failures
FinCEN border MSB money laundering operation targets non bank firms along the southwest border using large scale transaction data to identify Bank Secrecy Act compliance failures.
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Turkey orders detention of 10 suspects for financing Daesh terrorism
Authorities in Turkey detained 10 suspects for using Economic Mobilization Tactics to fund Daesh. The group moved money to Syria under religious pretexts, highlighting the search for illicit capital.
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Credit Suisse NY Faces 7M$ Fine For Systemic Transaction Monitoring Failures
Credit Suisse must pay a 7,125,000 dollar fine due to a failure in Systematic Surveillance Reliability that left 900 million records unmonitored.
Other News About Crackdowns
CaixaBank Faces 17.5M€ Fine Over CEPSA Tower Related AML Failures
CaixaBank faces a 17,601,000 euro fine as part of a major enforcement of administrative governance protocols after failing to stop a money laundering scheme.
Prince TCO Founder Chen Zhi Arrested Amid 15 Billion Asset Seizure
The arrest of Chen Zhi for Prince TCO Money Laundering follows a record 15 billion dollar asset seizure by the DOJ, exposing a global web of fraud and forced labor.
Texas Couple Convicted for 25 Million Dollar Money Laundering Scheme
A Texas couple faces decades in prison after a Multi-Million Dollar Money Laundering Case Study revealed they defrauded 10,000 victims of 25 million dollars.