Reported by Oliver Hirt (Excerpt shared below. To read full report, go to: https://www.reuters.com/world/swiss-court-imposes-37-mln-fine-lombard-odier-money-laundering-case-2026-07-27/) A ​Swiss court handed private bank Lombard Odier a 3 million Swiss franc ($3.68 million) ‌fine on Monday for failing to prevent money laundering but dropped proceedings against Gulnara Karimova, the daughter of Uzbekistan’s former president. Swiss prosecutors had accused Karimova […]

Reported by Margot Patrick, Justin Baer, Andrew Beaton  and Dave Michaels (Excerpt shared below. To read full report, go to: https://www.wsj.com/finance/regulation/federal-probe-into-dodgers-owners-financial-empire-was-sparked-by-whistleblower-013b0053) The problems for Mark Walter’s sprawling sports and finance empire began with an internal whistleblower complaint. The complaint questioned how Walter’s asset-management firm, Guggenheim Investments, booked revenue from dealings with insurance companies and had drawn interest from […]

Reported by Jay Weaver (Summary shared below. To read full report, go to: https://www.miamiherald.com/news/local/article316505601.html and https://amp.miamiherald.com/news/local/article316657805.html) A Venezuelan lawyer who spent eight years working as a confidential informant for U.S. federal agents says the government failed to keep promises made to him and his family after he helped expose a $1.2 billion money-laundering and corruption […]

Reported by Carolyn Robinson and Joanne Levine (Summary shared below. To read full report, go to: https://legis1.com/news/fincen-enforcement-oversight-director-faces-on) The House Financial Services Subcommittee on National Security, Illicit Finance and International Financial Institutions questioned FinCEN Director Andrea Gacki this week over the agency’s enforcement priorities and approach to combating money laundering. The July 21 oversight hearing focused […]

Reported by Morgan Lewis (Excerpt shared below. To read full report, go to: https://www.morganlewis.com/pubs/2026/07/recent-fcpa-resolution-points-to-dojs-focus-on-cartels-adherence-to-blanche-memo) The Scoular case sheds new light on the DOJ’s targeted approach to the FCPA in light of the department’s stated enforcement priorities. Then-Deputy Attorney General Todd Blanche described those new priorities in his June 2025 Memorandum on “Guidelines for Investigations and […]

Reported by Emma McIntoshInvestigative Reporter, and Sheila WangInvestigative Reporter (Excerpt shared below. To read full report, go to: https://www.thestar.com/news/investigations/fintrac-flags-high-risk-canadian-crypto-shops-knowingly-helping-to-launder-funds-for-organized-crime-and-iran-linked-groups/article_022b408a-8f4f-4de9-9a99-5777be4d46de.html) A broad swath of crypto businesses in Canada are intentionally acting as conduits for money laundering, Iran-linked sanctions evasion and organized crime, the federal anti-money laundering watchdog has found. The alarming conclusion is contained in an internal briefing from the […]

Reported by Dave Michaels and Sadie Gurman (Summary shared below. To read full report, go to: https://www.wsj.com/finance/regulation/the-justice-department-is-pulling-back-on-prosecuting-corporate-crime-dabf95a2?eafs_enabled=false) The Justice Department has sharply reduced its use of criminal charges against corporations, increasingly resolving investigations through nonprosecution agreements or closing cases without filing charges. The shift reflects the Trump administration’s stated preference for holding individual wrongdoers accountable […]

Reported by Eduardo Lopez (Summary shared below. To read full report, go to: https://www.sardine.ai/blog/kyc-conversion-rates) For years, financial institutions have treated Know Your Customer (KYC) checks as a regulatory requirement. But a new analysis from fraud prevention company Sardine argues that KYC has also become a critical growth issue, with inefficient onboarding processes causing many prospective customers […]

Reported by Milena Thomas (Excerpt shared below. To read full report, go to: https://www.briefs.co/news/swedbank-s-50m-payment-ends-long-running-u-s-money-launderin/) Swedbank just wrote the last check in a long U.S. legal saga. The Stockholm-based lender paid $50 million to New York’s financial watchdog, the Department of Financial Services. That $50 million payment brought to a close a U.S. probe that had lasted seven […]

Reported by Dan Mangan (Excerpt shared below. To read full report, go to: https://www.cnbc.com/amp/2026/07/15/new-jersey-deli-fraud-james-patten-sentencing-request.html) The final defendant awaiting sentencing in the brazen $100 million New Jersey deli stock manipulation case is asking a judge to give him no prison time — despite having a prior felony conviction that got him locked up. A lawyer for the […]