Black Box of Blockchain Risk Reported by PYMNTS (Excerpt shared below. To read full report, go to: https://www.pymnts.com/cryptocurrency/2026/stablecoins-meet-real-world-commerce-but-kyc-keeps-breaking-the-experience/) Stablecoin-linked cards are meant to make crypto spendable anywhere, but in practice, they’re exposing a fundamental clash between digital assets and jurisdictional compliance. As issuers partner with traditional payment networks, users are encountering repeated identity checks, frozen […]

Reported by U.S. Department of the Treasury (Originally appeared via: https://home.treasury.gov/news/press-releases/sb0435) The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) issued a joint proposed rule to implement provisions of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act).  The proposed rule, which implements the […]

Higher-Risk Activity While Reducing Unnecessary Burden Reported by FinCEN (Originally published via: https://www.fincen.gov/system/files/2026-04/Key-Changes-Program-NPRM.pdf) As part of the U.S. Department of the Treasury’s efforts to modernize the Bank Secrecy Act (BSA), FinCEN has issued a proposed rule that would fundamentally reform the requirements for financial institutions’ anti-money laundering and countering the financing of terrorism (AML/CFT) programs. […]

Reported by FinCEN (Originally published via: https://www.fincen.gov/news/news-releases/fincen-proposes-rule-fundamentally-reform-financial-institution-programs) The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a proposed rule intended to fundamentally reform financial institutions’ anti-money laundering and countering the financing of terrorism (AML/CFT) programs under the Bank Secrecy Act (BSA). The proposed rule supports Treasury’s efforts to modernize the U.S. AML/CFT […]

Reported by Rory Jones, Brian Spegele, and Austin Ramzy (Excerpt shared below. To read full report, go to: https://www.wsj.com/world/middle-east/how-china-helped-iran-cushion-the-blow-of-sanctions-and-fund-its-war-machine-6fa2847d?gaa_at=eafs&gaa_n=AWEtsqcpbU0J6rBRyy34QbZgAA2_rxMlG3UcP3CnBltE53LuC-cIAiu2UfBK8KYZU70%3D&gaa_ts=69d4e3f9&gaa_sig=w5-iqCL-SE-s_7fMNuYdsbPqx7pGV6OBkOi1C5wG2caZ15HbjJLl4W2RSJno2Lb_Sd0NGC-OCmsIVqj8rTKyZg%3D%3D) In the first Trump administration, the U.S. launched a “maximum pressure” campaign to cut Iranian oil from the global market and eliminate Tehran’s biggest source of revenue. Today, Iran sells billions of dollars worth of oil […]

Reported by Inc (Excerpt from news shared below. To read complaint, go to: https://npr.brightspotcdn.com/49/28/16d914944704bdbfade2f5dcba51/five-star-v-mott.pdf) A former restaurant owner is about to be sentenced on federal charges of fraud and money laundering a year ago stemming from a technique that was popular in the era of analog banking. Katherine Mott-Formicola was the owner of several upscale […]

Reported by Nicholas Comfort and Karin Matussek (Summary shared below. To read full report, go to: https://www.bloomberg.com/news/articles/2026-04-02/operation-chargeback-germany-takes-on-alleged-scammers-over-300-million-fraud?embedded-checkout=true) A major fraud investigation in Germany has uncovered a sprawling payments scandal worth more than €300 million, deepening the crisis facing the country’s fintech sector years after the collapse of Wirecard AG. Prosecutors say criminal networks used stolen credit-card data […]

Reported by Hillary Remy (Excerpt shared below. To read full report, go to: https://www.thestreet.com/technology/ai-may-be-cracking-this-finance-problem-money-laundering-fraud-crime) Industry shifts toward AI-driven anti-money laundering compliance The move toward AI driven compliance is not limited to one company or approach. Across the financial system, institutions are exploring ways to use machine learning to improve detection and reduce inefficiencies. Regulatory fines […]