Reported by BioCatch (Summary shared below. To read full report, go to: https://www.biocatch.com/hubfs/FINAL_mid-market%20report.pdf) BioCatch’s September 2026 report, 2026 Digital Banking Fraud Trends in the U.S. Mid-Market, examines changes in digital banking fraud across more than 250 U.S. mid-market financial institutions, including community banks and credit unions. Comparing the second half of 2025 with the first […]

Reported by Steven Nelson (Excerpt shared below. To read full report, go to: https://nypost.com/2026/10/20/us-news/vance-trump-to-offer-up-to-30k-bounty-for-tips-that-convict-fraudsters/) President Trump named himself “arbitrator” of a new program offering $30,000 bounties for tips leading to fraud charges — with Trump saying whistleblowers could get an additional 1% commission for recovered funds. Trump announced the Justice Department initiative at a Tuesday afternoon event in […]

Reported by SEC (Originally published via: https://www.sec.gov/newsroom/press-releases/2026-95-sec-charges-multiple-entities-fraud-schemes-totaling-least-15-million-used-whatsapp-other-platforms) The Securities and Exchange Commission today charged multiple entities that are likely operated by individuals located overseas for defrauding hundreds of retail investors, including many in the U.S., through so-called investment confidence scams where the perpetrators sought to build online relationships with unsuspecting clients before stealing their money. […]

Reported by Rebecca Schneid (Summary featured below. To read full report, go to: https://time.com/article/2026/10/17/what-trump-s-waiver-of-new-russia-sanctions-means-for-ukraine/) President Donald Trump has waived key provisions of a new bipartisan law imposing additional sanctions and tariffs on Russia, blocking measures that were scheduled to take effect on October 18. The law, named after the late Senator Lindsey Graham, authorized sanctions […]

Reported by NYDFS (Originally published via: https://www.dfs.ny.gov/reports_and_publications/press_releases/pr20261015) New York State Department of Financial Services (DFS) Acting Superintendent Kaitlin Asrow announced today that Skandinaviska Enskilda Banken AB and its New York Branch (together, SEB, or the Bank) have agreed to pay a $33 million penalty as part of a Consent Order to resolve the Department’s investigation […]

Reported by Akila Quinio (Excerpt shared below. To see full report, go to: https://www.ft.com/content/a82b4275-6519-4142-b1df-e74c66ead877?syn-25a6b1a6=1) Profits at Bank of America fell 17 per cent year in the third quarter, after the second-largest US bank took a $1.2bn hit from a regulatory fine for money laundering and sanctions violations. BofA said net income dropped to $6.9bn, down from […]

October 13, 2026 Third-Largest Penalty in Treasury History; Largest in OCC History (Originally published via: https://home.treasury.gov/news/press-releases/sb0657/) WASHINGTON—Today, the U.S. Department of the Treasury announced enforcement actions imposing more than $1.21 billion in penalties against Bank of America (“the Bank”), the second-largest bank in the United States, for violations of anti-money laundering and sanctions laws.  These actions […]

Reported by Luke Cass, Audrey Karman, Ian P O’Keefe, Womble Bond Dickinson (US) LLP (Excerpt shared below. To read full report, go to: https://natlawreview.com/article/doj-signals-aggressive-new-approach-fraud-prosecutions?amp) Attacking Fraud from All Angles The Directive instructs prosecutors to “use every available tool to identify the full scope of the fraud schemes” and to “identify and hold accountable all persons and entities that […]

Reported by OCC To watch video, click: Fight Fraud in Minnesota Comptroller of the Currency Jonathan V. Gould convened a panel of community bankers in Minneapolis, Minnesota, October 6 to discuss ongoing efforts to combat financial fraud. The Comptroller’s visit supports the Trump Administration’s priority to eliminate fraud and protect Americans from illicit activity. In […]

Reported by Lindsay Ellis (Summary shared below. To read full report, go to: https://www.wsj.com/lifestyle/careers/linkedin-tightens-verification-rules-to-fight-fake-recruiters-ab90da86?mod=Searchresults&pos=15&page=1) LinkedIn is introducing new verification measures to help job seekers identify fraudulent recruiters and reduce employment scams. The changes allow verified company-page administrators to prevent people who falsely claim to work for their organizations from appearing in employee searches. Users flagged […]