Reported by Bradley L. Henry, Kathleen H. Shannon Of Blank Rome LLP (Summary version featured below) In spring 2025, the Department of Justice (DOJ) launched a significant overhaul of its financial crime strategy, marked by two major announcements: Deputy Attorney General Todd Blanche’s April 7 Memorandum and Criminal Division Chief Matthew Galeotti’s May 12 speech at the SIFMA […]

Reported by Jack Mac

Reported by Andy Greenberg (Summary version featured below) A Telegram-based Chinese-language black market called Xinbi Guarantee has facilitated over $8.4 billion in illicit transactions since 2022, according to new research from crypto-tracing firm Elliptic. Although presented as a legitimate company registered in Colorado, Xinbi operated as a hub for money laundering services tied to crypto […]

Reported by NBC News

Reported by Alan Wooten | The Center  Carolinas attorneys general believe a social media app originating out of China owned by Tencent is money laundering and tied to fentanyl trafficking. The drug, a synthetic opioid the CDC says is up to 50 times stronger than heroin and 100 times stronger than morphine, is a key […]

Reported by Morning Brew and The Wall Street Journal

Reported by ScreenlyyID ScreenlyyID, a global fraud management company specializing in remote identity verification, Know Your Customer (KYC), and Anti-Money Laundering (AML) compliance, launched its Free-for-Life KYC and AML Plan. The new initiative seeks to address cost and integration challenges that often prevent smaller organizations from efficiently managing regulatory requirements. Many early-stage companies face high […]

Reported by Lisa Bonos Clement Anthonioz, a 38-year-old telecommunications professional, walked into a sleek store in the Union Square shopping district Thursday and stared into a white orb as it scanned his iris to generate his “proof of personhood.” It was opening day for one of six U.S. storefronts promoting World, a digital identity system […]

Reported by Carter Pape Experts from Barclays and Threat Fabric, as well as the National Retail Federation (NRF) and Target, introduced their respective efforts to develop so-called fraud “kill chains” to map and understand the structure of economic crimes. The fraud kill chain Download White Paper from here: The model from Barclays and Threat Fabric […]

Reported by Trey Yingst