Reported by Ortenca Aliaj in London, Sarah White in Paris, Raya Jalabi in Beirut and Mercedes Ruehl in Zurich (Summary shared below. To read full report, go to: https://www.ft.com/content/cb6413a7-f76e-49dc-9644-3e3ac8fee2e8?syn-25a6b1a6=1) European banking giant HSBC has come under renewed scrutiny after French prosecutors placed its Swiss private banking unit under formal investigation over allegations it helped facilitate a scheme that diverted approximately $330 million […]

Reported by The Wolfsberg Group (Summary shared below. To read full report, go to: https://db.wolfsberg-group.org/assets/6c32b34b-bc02-4e8b-9b3f-f36e9bd109c3/Wolfsberg%20Group%20-%20Risk%20Based%20Approach%20Guidance%20_June2026.pdf) Global financial institutions should rethink how they manage financial crime risk by focusing less on rigid compliance checklists and more on risk-driven decision making, according to new guidance released by the Wolfsberg Group. The 2026 update argues that effective anti-money […]

By Priscilla DeGregory and Josh Christenson (Excerpt shared below. To read full report, go to: https://nypost.com/2026/06/23/us-news/trump-crackdown-uncovers-6-5b-in-fraud-and-your-taxes-were-wasted-on-diamonds-ferraris/) More than 450 alleged fraudsters — including 90 doctors and medical professionals — were busted for bilking at least $6.5 billion in fake Medicare and Medicaid claims, with one greedy nurse splashing her ill-gotten gains on an $865,000 Bulgari necklace, a $594,000 […]

Reported by Sabrina Siddiqui and Christopher Weaver (Summary shared below. To read full report, go to: https://www.wsj.com/politics/policy/justice-department-unveils-6-5-billion-healthcare-fraud-crackdown-e3827ece?mod=e2li) The Justice Department on Tuesday announced criminal charges against roughly 450 defendants accused of participating in healthcare fraud schemes totaling more than $6.5 billion, describing the effort as the largest coordinated healthcare fraud enforcement action in the department’s history. The […]

Reported by Brenda Medina and Spencer Woodman (Excerpt shared below. To read full report, go to: https://www.icij.org/investigations/coin-laundry/law-enforcement-banks-warn-of-money-laundering-gaps-in-major-us-crypto-bill/) Law enforcement associations, anti-corruption advocates and a major banking group are warning that a new bill aimed at regulating the United States’ cryptocurrency industry could leave big gaps in safeguards against dirty money in digital currencies that have already become […]

Reported by Mark Bou Mansour (Excerpt shared below. For full report, go to: https://taxjustice.net/press/us-tops-ranking-of-real-estate-destinations-for-dirty-money/) The US is the world’s top destination for laundering dirty money through real estate, the latest update to the Financial Secrecy Index revealed today. Weak to non-existent transparency laws earned the US the worst possible score on the Index’s real estate […]

Reported by Martin Jones (Excerpt shared below. To read full report, go to: https://www.bbc.com/news/articles/cly7j0p6jeno) Children as young as 10 are to be taught how to recognise scams and avoid being drawn into money laundering, using new lessons developed by police in the South West. The move follows growing concern about the number of young people […]

Reported by Derek Manky (Summary featured below. To read full report, go to: https://www.weforum.org/stories/2026/06/why-we-need-a-converged-response-to-cybercrime/) The traditional view of cybercrime as a collection of isolated hacks, phishing campaigns, and ransomware attacks is becoming dangerously outdated. Derek Manky argues that cybercrime has evolved into a sophisticated criminal economy where digital fraud, ransomware, money laundering, human trafficking, organized […]

Reported by U.S. Congress (Summary featured below. To read full bill, go to: https://gooden.house.gov/_cache/files/2/b/2b682cbb-8d23-427a-bd34-d1aec2ab0c57/F5F3870C88D46EB2734D18A3EFCF44470E4A0EE6CAD48405EEA4A7496517D4DD.crypto-task-force-bill-text.pdf) A Republican congressman from Texas has introduced legislation to establish a dedicated federal body tasked with investigating and prosecuting cryptocurrency theft, as digital asset crimes continue to escalate in both scale and sophistication. The bill, introduced by Representative Gooden in the […]

Reported by Shelby Holliday In a story that reads like a collision between maritime espionage and sanctions evasion, U.S. authorities reportedly discovered sophisticated technology aboard tankers linked to the so-called “dark fleet” — vessels used to transport sanctioned oil while concealing their identities and movements. The findings underscore how sanctions evasion has evolved from simple […]