The Latest FinCrime News about Crackdowns
HK SFC Bans CSC Executive for Six Months Over Serious AML Failures
A former CSC executive was banned by the SFC for six months following serious AML and CFT compliance failures, highlighting the need for robust risk management practices.
Small Law Firm Faces Heavy AML Penalties for Regulatory Failures
A small law firm faces a £36,622 penalty for significant AML compliance failures. This case highlights the importance of adhering to regulatory standards.
How UK Drug Dealers Launched Their Own Cryptocurrency to Launder Money
A UK street gang has created a cryptocurrency to launder money, taking cryptocurrency crime to new heights with its innovative 'meme coin' strategy.
MGM Resorts Hit With $8.5 Million Fine in Major Money Laundering Case
MGM Resorts faces an $8.5 million fine for failing to prevent illegal bookmaking activities and money laundering at its Las Vegas casinos.
The Global Spread of Scam Farms and the Unstoppable Worldwide Billion-Dollar Cyberscam Industry
Scam farms are spreading globally, exploiting vulnerable workers and generating billions through fraud and money laundering. Urgent action is needed to combat this rising threat.
Father and Son Arrested for Money Laundering 6 Million Euros in Barcelona
A father and son arrested in Barcelona face serious money laundering charges linked to drug trafficking. Their scheme involved laundering millions of euros through complex networks.
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.
U.S. Treasury Cranks Up Sanctions on Chinese Importers of Iranian Oil
U.S. Treasury’s action against Chinese importers of Iranian oil highlights the ongoing efforts to disrupt Iran’s petroleum exports and global sanctions evasion.
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.
How Authorities in Romania Cracked a Major Money Mule Network
Sophisticated money mule network behind major online fraud dismantled by Romanian-led operation, with over €3 million in damages linked to financial crime.
Europol’s Takedown Unveils Europe’s Criminal Web Using Encrypted App Data
Encrypted app intelligence played a key role in dismantling organised crime networks in Europe, highlighting Europol's evolving digital investigation methods.
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.
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.
Massive $12.45M Fine Hits Hayvn Group After Abu Dhabi Regulatory Crackdown
Regulators penalize Hayvn Group with $12.45M in fines after severe misconduct, highlighting ADGM’s tightening grip on virtual asset compliance.
Rabobank Faces Court Over Alleged Anti-Money Laundering Failures: What You Need to Know
Rabobank is facing court over alleged anti-money laundering lapses after failing to settle with prosecutors, highlighting broader challenges in financial regulation.
