Reported by BRETT ERICKSON (Excerpt shared below. To read full report, go to: https://thehill.com/opinion/finance/5575054-us-real-estate-money-laundering/amp/) The latest investigation from the Organized Crime and Corruption Reporting Project landed like a quiet indictment of Washington’s complacency.  Reporters traced over $100 million in U.S. real estate to the sons of Iraqi-Kurdish leader Masoud Barzani. The properties were held through shell companies named after […]

Reported by Jun Ji-hye (Excerpt shared below. To read full report, go to: https://www.koreatimes.co.kr/amp/economy/cryptocurrency/20251029/korea-makes-first-legislative-move-to-curb-money-laundering-via-stablecoins) Korea is set to introduce its first legislative measure to bring stablecoins under the Foreign Exchange Transactions Act as part of efforts to block money laundering and tax evasion involving digital assets, National Assembly officials said Tuesday. Stablecoins are digital currencies […]

Reported by Owen Walke (Excerpt shared below. To read full report, go to: https://www.ft.com/content/d684d464-c719-4f7a-bc63-4ff0682e0561) A former Citibank relationship manager pleaded guilty and was sentenced to two years in jail on Thursday in connection with helping a Chinese gang launder money into Singapore in one of the city-state’s biggest financial scandals. Wang Qiming was the first […]

Reported by Marine Link (Excerpt shared below. To read full report, go to: https://www.marinelink.com/news/report-mexican-bootleg-fuel-money-531545) On the afternoon of March 8, a petroleum tanker named Torm Agnes entered the Port of Ensenada on Mexico’s Pacific coast carrying almost 120,000 barrels of diesel. Such a vessel was a rare sight in that port, which mainly hosts cruise […]

Reported by Neil Vigdor (Excerpt shared below. To read full report, go to: https://www.nytimes.com/2025/10/25/world/europe/louvre-heist-jewelry-thieves.html) So what do former jewelry thieves make of the brazen heist that the entire world can’t stop talking about? Some gave their, ahem, professional insight into last Sunday’s break-in at the Louvre in Paris, where intruders breached a second-floor window of the world’s most-visited […]

Reported by The Herd A sweeping federal investigation has exposed deep ties between organized crime and professional sports betting. The case underscores how criminal networks adapt — merging old-school racketeering with modern financial crime tactics. For compliance and risk professionals, it’s a powerful reminder of why vigilance in sports finance and entertainment matters more than […]

Reported by David Waldstein (Excerpt shared below. To read full report, go to: https://www.nytimes.com/2025/10/25/nyregion/new-york-basketball-betting-scandals.html) New York is known as the heart of the basketball world, but it could also be called the capital of basketball betting scandals. Less than a decade after the first N.C.A.A. men’s basketball tournament, college players in the city were already […]

Reported by Alex Oliveira (Excerpt shared below. To read full report, go to: https://nypost.com/2025/10/23/us-news/how-mafiosos-and-nba-stars-used-rigged-card-shufflers-x-ray-tables-and-secret-contact-lenses-in-poker-scam/) NYC mafiosos and NBA stars used a combination of high-tech contraptions and old-school gambling tricks to swindle hapless high-rollers out of $7 million in a sprawling backroom poker scheme, prosecutors alleged in an explosive indictment Thursday. The years-long con depended on “advanced […]

Reported by JACOB SIMS, ERIN WEST and JASON TOWER (Excerpt shared below. To read full report and announcement, go to: https://thehill.com/opinion/congress-blog/technology/5565543-congress-targets-foreign-scam-syndicates/amp/ and https://www.foreign.senate.gov/press/dem/release/ranking-member-shaheen-senator-cornyn-introduce-bill-to-counter-foreign-cyber-scams) Last year, Americans lost over $10 billion dollars to sophisticated online scamming operations run out of Southeast Asia. Last week, the Department of Justice seized $15 billion in Bitcoin from the Cambodia-based “forced labor scam compound,” […]

Reported by The Canadian Press (Excerpt shared below. To read full report, go to: https://www.cbc.ca/news/business/cryptomus-fined-177-million-fintrac-9.6948338) A cryptocurrency exchange has been slapped with a fine of almost $177 million — the largest-ever penalty by Canada’s financial intelligence agency — for infractions including failing to flag more than 1,000 transactions with suspected links to criminal activity. The […]