Reported by Matthew Reilly Attorney General Matthew J. Platkin, the Division of Criminal Justice (DCJ), and the New Jersey State Police (NJSP) today announced that 39 people – including a Prospect Park councilman and members of the Lucchese Crime Family – have been charged with racketeering, gambling offenses, money laundering, and other crimes, after law […]

Reported by Ed Thomas (Summarized version featured below) In a coordinated crackdown dubbed Operation Machinize, UK authorities raided 265 businesses across England and Wales—mainly barbershops, vape stores, and mini-marts—suspected of operating as fronts for organized crime. In Shrewsbury, officers detained two Kurdish asylum seekers and uncovered cash and illicit vapes during a raid on a […]

Reported by FinCEN (Summarized version featured below – full version available at the end of the summary) The 2024 Financial Trend Analysis (FTA) report by FinCEN highlights the growing threat of fentanyl-related illicit finance, drawing from 1,246 Bank Secrecy Act (BSA) reports that flagged approximately $1.4 billion in suspicious transactions. These transactions reveal the extensive […]

Reported by 1LOD (Summarized version featured below) The 2025 Financial Crime Benchmarking Survey, conducted by 1LoD, gathers insights from over 25 financial institutions across the US, Europe, and Asia. It benchmarks AML (Anti-Money Laundering) and KYC (Know Your Customer) processes and technology, emphasizing that despite regulatory scrutiny and increasing complexity, most banks continue to invest […]

Reported by FinCEN The FinCEN Advisory issued in April 2025 outlines the ongoing threat posed by ISIS and its global affiliates, emphasizing their sustained capability to inspire and conduct terrorist attacks worldwide. While the group’s central leadership remains in Iraq and Syria, ISIS operates through numerous affiliates across Africa, the Middle East, and Central Asia. […]

Reported by Ayesha Aziz Nearly 400,000 former FTX users may lose access to over $2.5 billion in repayments if they don’t complete identity verification by June 1. A recent filing in the U.S. Bankruptcy Court for the District of Delaware showed that roughly 392,000 people failed to begin the required Know Your Customer (KYC) process before the […]

Reported by Lex Friedman

Reported by Janaya Moscony (Summarized version featured below) In her article “Predictions for 2025: What Private Fund Advisers Can Expect from SEC Examinations,” Janaya Moscony discusses anticipated trends in the Securities and Exchange Commission’s (SEC) approach to private equity and hedge fund managers under the new administration. Despite speculations about a more lenient SEC, Moscony […]

Reported by U.S. Department of Treasury (Summarized version featured below) On March 31, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned six individuals and seven entities linked to a money laundering network supporting the Sinaloa Cartel, a notorious drug trafficking organization responsible for a significant portion of illicit fentanyl […]

Reported by Matt Bracken A bipartisan pair of senators is taking another shot at their bill to expand the U.S. Secret Service’s investigative powers for financial cybercrime probes. The Combatting Money Laundering in Cyber Crime Act from Sens. Catherine Cortez Masto, D-Nev., and Chuck Grassley, R-Iowa, would update federal law to strengthen the Secret Service’s authority, enabling […]