Reported by Martin Arnold, Ellesheva Kissin and Suzi Ring (Excerpt shared below. To read full report, go to: https://www.ft.com/content/4deb8a5d-003c-446d-b0ad-38b18aa71c2b) UK law firms and accountants are pushing back against plans for the Financial Conduct Authority to supervise them for the first time as part of a shake-up in the system for fighting money laundering in professional services. The Treasury […]

Reported by United States Senate (Excerpt shared below. To real full report and copy of legislation, go to: https://www.banking.senate.gov/newsroom/majority/chairman-scott-senator-kennedy-introduce-bill-to-modernize-the-bank-secrecy-act and https://www.banking.senate.gov/imo/media/doc/streamline_act_bill_text_final_draft_jn9mkhf4cccp.pdf) Senate Banking Committee Chairman Tim Scott (R-S.C.) joined Senators John Kennedy (R-La.), Mike Crapo (R-Idaho), Mike Rounds (R-S.D.), Bill Hagerty (R-Tenn.), Cynthia Lummis (R-Wyo.), Katie Britt (R-Ala), Pete Ricketts (R-Neb.), and Bernie Moreno (R-Ohio) […]

Reported by Bank of Singapore (Excerpt shared below. To read full report, go to: https://www.bankofsingapore.com/media-releases/2025/bank-of-singapore-deploys-agentic-ai-tool-to-automate-writing-of-source-of-wealth-reports.html) Bank of Singapore has rolled out an agentic AI-powered tool that automates a key part of the Know-Your Customer due diligence process to ensure the legitimacy of clients’ wealth and transactions. With the use of the tool, Source of Wealth […]

Reported by Abbinaya Kuzhanthaivel (Excerpt shared below. To read full report, go to: https://www.itnews.asia/news/bank-of-singapore-deploys-ai-to-automate-kyc-process-621076) Bank of Singapore has launched an agentic artificial intelligence (AI) tool to streamline the process of verifying the legitimacy of clients’ wealth, a key step in Know-Your-Customer (KYC) due diligence.  The bank said the AI tool – Source of Wealth Assistant […]

Reported by Martin Young (Excerpt shared below. To read full report, go to: https://www.occrp.org/en/news/china-sentences-16-members-of-myanmar-crime-syndicate-to-death-over-cyber-scams) A Chinese court handed down death sentences to 16 members of the powerful Ming crime family for running sprawling scam compounds in the Kokang region of Myanmar’s Shan State, close to the Chinese border, where cyber fraud, drug trafficking, prostitution and […]

Reported by The Economist (Excerpt shared below. To read full report, go to: https://www.economist.com/briefing/2025/10/16/the-traffickers-are-winning-the-war-on-drugs) Global production, seizures and consumption of cocaine are all at record highs, despite 50 years of the war on drugs—a fight that President Donald Trump is now intensifying by bombing alleged Venezuelan smuggling-boats in the Caribbean. This is in part because prohibition […]

Reported by Bloomberg News (Excerpt shared below. To read full report, go to: https://www.bostonherald.com/2025/10/19/gift-cards-key-money-laundering-net/amp/) Gift cards, one of the most basic financial products in the U.S. retail market, have become the backbone of a billion-dollar criminal economy that investigators say is moving American money into China. Homeland Security Investigations agents say Chinese organized-crime groups have […]

Reported by Business Insider and Futurism (Below is a summary from https://futurism.com/future-society/mit-grads-crypto-heist and https://www.businessinsider.com/crypto-brothers-fraud-trial-prosector-opening-statements-crypto-bots-frontrunning-2025-10$ Two brothers, Anton Peraire‑Bueno and James Peraire‑Bueno, are on trial in New York for a scheme that prosecutors say pulled off nearly $25 million in cryptocurrency in just 12 seconds.  According to the opening statements, the duo orchestrated a “bait-and-switch” on the Ethereum […]

Reported by The Economist From Hellfire missiles over the Caribbean to billion-dollar crypto laundering networks, the global drug trade has evolved far beyond the era of Pablo Escobar. Today’s traffickers operate like decentralized startups — using subcontractors, digital financiers, and crypto money-launderers to move drugs and profits across continents. The U.S. response, led by President […]

Reported by Quiver Quantitative Insider trading by a Democrat Insider trading by a Republican