Reported by FINRA (Summary version featured below) The 2025 FINRA Annual Regulatory Oversight Report outlines key threats and best practices for preventing financial crime, fraud, and insider trading. Below is a summary with a focus on preventive measures. 1. Strengthening Cybersecurity to Prevent Financial Crime Cyber-enabled fraud, including ransomware, account takeovers, phishing scams, and imposter […]

Reported by Aleks Gilbert When it comes to Tether, Howard Lutnick, President Trump’s pick to lead the US Department of Commerce, has a simple message for critical US senators. They shouldn’t blame the stablecoin issuer for all the bad actors that use USDT to launder dirty money. “It’s like blaming Apple because criminals use Apple […]

Reported by Anneka Randhawa, Neill Blundell, and Jonah Anderson (Summary version featured below) On January 23, 2025, the UK’s Financial Conduct Authority (FCA) released an updated report addressing the persistent threat of money laundering within capital markets. This report underscores the complexities regulators and law enforcement face in detecting illicit activities amidst the vast volume […]

Reported by Reuters French investigators said on Tuesday they had opened a judicial probe into money laundering, tax fraud and other charges at Binance, the world’s largest cryptocurrency exchange, which said it denied the allegations. The economic and financial crime section of the Paris public prosecutor’s office (JUNALCO) said in a statement that the probe includes […]

Reported by Greg Baer and Gregg Rozansky Debanking, the practice of banks closing customer accounts due to compliance concerns, has garnered attention recently. A key driver of this issue is the Currency Transaction Report (CTR) regime, which requires banks to report large cash transactions of $10,000 or more. This system, designed to combat financial crimes, […]

Reported by Jennie Taer and Shane Galvi President Trump’s long-promised ICE raids continued on Thursday — as the total number of illegal migrants nabbed by federal authorities reached 538, including new arrests of pedophiles, gang members, and a suspected terrorist in New York. US Immigration and Customs Enforcement officers are scouring cities and states, trying to round up illegal […]

Reported by Cointelegraph As scammers become more tech-savvy, they’re now using artificial intelligenceto create highly deceptive schemes. One alarming trend is AI-powered romance scams targeting cryptocurrency users. These scams blend emotional manipulation with cutting-edge AI tools to trick people into handing over their digital assets. Scammers often use AI chatbots to simulate natural, engaging conversations. These bots maintain […]

Reported by Socure Download full version below: The white paper sheds light on the growing prevalence and complexity of first-party fraud, particularly during the holiday season. This type of fraud, often termed “friendly fraud,” involves consumers manipulating return and refund policies for financial gain. The white paper estimates the financial impact to be over $103 […]

Reported by Iran International Unofficial reports surrounding the activities of Babak Zanjani, once Iran’s richest man and a figure synonymous with corruption and sanctions evasion, have reignited public and media interest. Recent reports in Iranian media suggest that Zanjani, despite being officially incarcerated, may be laying the groundwork for ambitious economic projects, including ventures in cryptocurrency, […]

Reported by Wolfsberg Group For full report, click here: The Wolfsberg Group’s document highlights the necessity of defining digital assets to address the growing complexities and risks, particularly regarding money laundering and terrorism financing (ML/TF). These definitions help financial institutions, policymakers, and regulators understand asset characteristics, assess risks, and implement appropriate controls. Digital assets are […]