Reported by Ellesheva Kissin (Excerpt shared below. To read full report, go to: https://www.ft.com/content/40b2acf3-9c69-485b-9352-d117c42f41a3) The UK’s financial watchdog has warned that banks are failing to prevent a growing threat of romance scams, with cases rising by almost 10 per cent last year. The Financial Conduct Authority said on Friday that it had identified “multiple instances” […]

Reported by Herrick K. Lidstone (Jennings Haug Keleher McLeod Waterfall, LLP) and Victoria B. Bantz (Clark Hill PLC) (Summary shared below. To read full report, go to: https://media.clarkhill.com/wp-content/uploads/2025/10/16152758/Anti-Money-Laundering-10.16.25.pdf) A new rule from the Treasury’s Financial Crimes Enforcement Network (FinCEN) set to take effect on March 1, 2026, will compel professionals involved in residential real estate […]

Reported by Robert McMillan (Excerpt shared below. To read full report, go to: https://www.wsj.com/tech/cybersecurity/url-scam-texts-china-gangs-68e96097?mod=mhp) The U.S. is awash with scam text messages. Officials say it has become a billion-dollar, highly sophisticated business benefiting criminals in China.  Your highway toll payment is now past due, one text warns. You have U.S. Postal Service fees to pay, […]

Reported by U.S. Department of the Treasury (Excerpt shared below. To read full report, go to: https://home.treasury.gov/news/press-releases/sb0278) Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and Financial Crimes Enforcement Network (FinCEN), in close coordination with the United Kingdom’s Foreign, Commonwealth, and Development Office (FCDO), took complementary actions against criminal networks […]

Reported by Chainalysis Team (Excerpt shared below. To read full report, go to: https://www.chainalysis.com/blog/southeast-asia-crypto-scam-network-mining-pig-butchering-october-2025/) On October 14, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and Financial Crimes Enforcement Network (FinCEN), in coordination with the United Kingdom’s Foreign, Commonwealth, and Development Office (FCDO), took action against cryptocurrency-enabled scam networks operating in Southeast […]

Reported by RIVIERA MAYA NEWS (Excerpt shared below. To read full report, go to: https://riviera-maya-news.com/national-banking-securities-revokes-license-and-starts-cibanco-liquidation/2025.html?cn-reloaded=1) Financial regulator National Banking and Securities Commission (CNBV) has revoked CIBanco’s license. The revocation means authorities have started the bank’s liquidation process. The Institute for the Protection of Bank Savings (IPAB) reported that as a result of the revocation, its […]

Reported by Reuters (Excerpt shared below. To read full report, go to: https://www.usnews.com/news/world/articles/2025-10-11/how-a-quiet-dutch-retiree-helped-uncover-nazi-stolen-art-in-argentina) Dutch systems specialist Paul Post had glimpsed the notebooks that contained his father’s Nazi-era diaries before, but when he rediscovered them in an attic 15 years ago, the recent retiree finally had time to closely examine them. Post, 74, had no idea that […]

Reported by Chadwick Moore (Excerpt shared below. To read full report, go to: https://nypost.com/2025/10/11/world-news/istanbuls-grand-bazaar-is-propping-up-venezuela-russias-economy-as-a-shocking-250m-money-laundering-market/) Called “the world’s first shopping mall,” Istanbul’s Grand Bazaar entrances millions of visitors annually with its myriad displays of exotic jewels and spices, elaborate carpets for sale and constant hustle.   But hardly even hidden behind the smiles of its stalls’ […]

Reported by Michael Kaplan and  Taylor Herzlich (Excerpt shared below. To read full report, go to: https://nypost.com/2025/10/12/us-news/how-billionaires-grifter-son-david-brens-ultimate-man-cave-scheme-unraveled/) It was supposed to be the “ultimate man cave,” but to those who lost hundreds of thousands of dollars, it quickly became the ultimate scam. David Bren told investors he was creating an exclusive private space, with monthly dues costing $14,500, a high-class […]

Reported by Claire Williams (Excerpt shared below. To read full report and the SAR FAQ from FinCEN, go to: https://www.americanbanker.com/news/exclusive-regulators-move-to-ease-banks-sar-burden and https://www.fincen.gov/system/files/2025-10/SAR-FAQs-October-2025.pdf) New guidance obtained by American Banker would reduce the number of suspicious activity reports, or SARs, banks are required to file, a move aimed at easing banks’ compliance burden and making data more […]