Reported by BERNARD CONDON To its fans, it’s an undeniable force for good in a corrupt world, a groundbreaking anti-bribery statute that has brought powerful businessmen to heel for secretly paying off foreign government officials to win contracts abroad.  To detractors, the Foreign Corrupt Practices Act unfairly hobbles American companies while foreign rivals not so […]

Reported by Tristan Navera (Summary version featured below) The U.S. Supreme Court has allowed enforcement of the Corporate Transparency Act (CTA) to proceed amid ongoing legal challenges, leaving the future of the 2021 financial crime law in the hands of the Trump administration. While the government is now closer than ever to implementing the law, […]

Reported by Fenergo Fenergo has reported that nearly 90% of banking executives in Singapore report losing clients due to delays in the onboarding process, marking a 35% increase from 2023. The company notes that Singaporean banks are experiencing the highest client loss worldwide due to KYC inefficiencies. The report provides an analysis of the time and cost implications […]

Reported by Suzanne Downing Of the billions of tax dollars spent by the U.S. Agency for International Development Office that are being questioned by the Trump administration, millions went to fund terrorism. A multi-year investigation brought by the Justice Department and U.S. Attorney’s Office for the District of Columbia reveals the scope of how funds […]

Reported by Kevin G. Rupy, Kathleen E. Scott, Kelly Laughlin, and Stephen J. Conley On February 4, 2025, the Federal Communications Commission (FCC or Commission) released a Notice of Apparent Liability for Forfeiture (NAL) against voice service provider Telnyx LLC (Telnyx) for alleged violations of the FCC’s know-your-customer (KYC) requirements related to allegedly fraudulent robocalls originated from […]

Reported by Jenna Benchetrit – CBC News (Summary version featured below) The Canadian federal government is planning new measures to combat organized crime, particularly money laundering, which has allowed fentanyl cartels to establish themselves in the country. The U.S. has expressed concern about fentanyl entering its borders from Canada, with former President Donald Trump citing […]

Reported by PYMTS The Brink’s Company said Thursday (Feb. 6) that its subsidiary, Brink’s Global Services USA (BGS USA), reached agreement with two U.S. agencies to resolve investigations related to cross-border currency shipments and compliance with federal money-transmitting laws. BGS USA reached a non-prosecution agreement with the Department of Justice (DOJ) and a consent order imposing civil money penalty with […]

Reported by Jonah Anderson (Summary version featured below) As one of the world’s leading financial centers, London’s bustling capital markets provide both immense opportunities and significant risks. With trillions of dollars in trades processed annually, the city’s financial institutions serve as prime targets for money laundering, fraud, and sanctions evasion. Regulators and firms alike struggle […]

Reported by ELÍAS CAMHAJI (Summary version featured below) Donald Trump has issued a series of executive orders targeting immigration and organized crime, marking a significant shift in U.S.-Mexico relations. His decision to designate Mexican drug cartels as terrorist organizations grants his administration greater authority to combat these groups, raising concerns about potential U.S. military intervention […]

Reported by Laura Italiano and Natalie Musumeci Charlie Javice — the young tech entrepreneur accused of tricking the nation’s largest bank into paying $175 million for her college financial-aid startup — once had a lot to say about Theranos fraudster Elizabeth Holmes. Javice called Holmes’ defrauded investors “sophisticated assholes,” and complained that “investors should be blamed,” according to a […]