Reported by FinCEN (Summary version featured below. To read entire order, go to: https://www.fincen.gov/sites/default/files/2025-06/CIP-TIN-Exemption-Order-final508.pdf) 1. A New Era for TIN Collection in CIP On June 27, 2025, the OCC, FDIC, and NCUA—with FinCEN’s concurrence—issued a joint Order that broadens the existing CIP Rule exception on Taxpayer Identification Number (TIN) collection.  Under this Order, covered banks […]

Reported Molly Palmer and Megan Kelly Defense Attorney Molly Parmer shared her take on the Sean Combs (aka Diddy) trial: ‘Freak-offs’ aren’t illegal — but RICO is a federal offense. Podcast reporter Megyn Kelly said Diddy should be convicted. What’s your take?

Reported by Robin Pogrebin (Excerpt shown below. To read full report, go to: https://www.nytimes.com/2025/06/29/arts/design/lady-gaga-art-dispute.html) The email was signed “Stefani Germanotta,” Lady Gaga’s real name. The email address, ladyandkoji@gmail.com, referred to one of the pop singer’s beloved French Bulldogs, Koji. “I am such a huge fan of your work,” said the email to Emma Webster, a Los […]

Reported by Phd Kitty A surprisingly effective explainer on tax evasion and financial crime — delivered by a kitty cat. Educational and unforgettable.

An American world traveller entered Iran like a tourist. Did he violate OFAC Sanctions?

Reported by Brooke Singman FOX Business (Excerpt shown below. To read full report, go to: https://www.foxbusiness.com/politics/treasury-requires-us-financial-institutions-cut-ties-mexico-based-banks-tied-cartel-money-laundering.amp) The Trump administration on Wednesday, for the first time, used a new authority to require U.S. financial institutions to cut ties with three Mexico-based banks for laundering money on behalf of cartels. The Treasury Department identified cartels that have “exploited Mexico-based financial […]

Reported by Parya Lotfi (Excerpt shown below. To read full report, go to: https://www.forbes.com/councils/forbestechcouncil/2025/06/23/how-deepfakes-are-disrupting-kyc-and-financial-security/) Inside The Deepfake KYC Fraud Playbook Deepfake-enabled KYC fraud follows a methodical, multistage process: 1. Data Acquisition: Fraudsters begin by collecting personal data, in many instances using malware, social networking sites, phishing scams or the dark web. This data is then used […]

Reported by FATF (Excerpt shown below. To read full report, go to: https://www.fatf-gafi.org/en/publications/Fatfrecommendations/update-Recommendation-16-payment-transparency-june-2025.html) FATF updates Standards on Recommendation 16 on Payment Transparency The Financial Action Task Force (FATF) has today streamlined international requirements that will increase the safety and security of cross-border payments to better detect financial crime.  The changes to Recommendation 16 of the […]

Reported by Zunaira Saieed (Excerpt featured below. To read full report, got to: https://www.nytimes.com/2025/06/20/world/asia/malaysia-razak-charges-1mdb.html) A Malaysian court on Friday dropped money-laundering charges against former Prime Minister Najib Razak, who is in prison for stealing millions of dollars from a government fund. Prosecutors said they were not ready to proceed with the case even though they […]

Reported by U.S. Department of Homeland Security (Advisory below originally published via: https://www.dhs.gov/ntas/advisory/national-terrorism-advisory-system-bulletin-june-22-2025) National Terrorism Advisory System Bulletin – June 22, 2025 The ongoing Iran conflict is causing a heightened threat environment in the United States. Low-level cyber attacks against US networks by pro-Iranian hacktivists are likely, and cyber actors affiliated with the Iranian government […]