Reported by Benjamin J. Hulac (Excerpt shared below. To read full report, go to: https://www.njspotlightnews.org/2026/07/congress-advances-limits-on-stock-trading-stops-short-of-total-ban/) Legislation on the move would limit members of Congress from trading stocks while in office, positions that grant them access to information regular citizens do not possess. Before leaving for its summer recess, the House voted 232-198 for the bill, […]

Reported by Ken Sweet  (Excerpt shared below. To read full report, go to: https://fortune.com/2026/08/04/capital-one-trump-accounts-money-laundering-review/) Bank accounts held by President Donald Trump were closed by Capital One in 2021 after it flagged financial activity that had characteristics of money laundering, the bank disclosed in a court filing over the weekend. The court filing is tied to a lawsuit […]

Reported by GEORGIA FEARN (Summary featured below. To read full report, go to: https://www.inc.com/georgia-fearn/visa-is-paying-2-4-billion-for-a-fraud-tool-that-watches-the-way-bank-customers-type/91383840) Visa is paying $2.4 billion to acquire BioCatch, a company that uses behavioral biometrics to detect fraud before a transaction takes place. BioCatch analyzes more than 3,000 signals involving how customers type, swipe, navigate websites and use their devices during digital-banking […]

Reported by FinCEN (For helpful takeaways from a pro, go to AML UPDATE.) The Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) assessed a $125,000,000 civil money penalty against UBS Financial Services Inc. (UBSFS) for willful violations of the Bank Secrecy Act (BSA), the primary U.S. anti-money laundering and countering the financing of terrorism law that […]

Freezing Order by Bill Browder is a memoir and investigative account of his campaign to expose corruption in Russia and seek justice for his former lawyer, Sergei Magnitsky. Browder, an American-born financier who became one of the largest foreign investors in Russia after the fall of the Soviet Union, describes how he initially benefited from […]

Reported by Mikhail Karataev (Summary shared below. To read full report, go to: https://www.americanbanker.com/opinion/adding-ai-to-money-laundering-compliance-introduces-new-risks) Artificial intelligence is quickly becoming a strategic priority for U.S. banks, with many institutions moving to integrate generative AI into business operations, including anti-money-laundering compliance. Industry estimates suggest the technology could improve productivity across banking functions by 20% to 30%. But […]