Reported by IOAN GRILLO (Excerpt shared below. To read full report, go to: https://www.crashoutmedia.com/p/cartels-to-their-operatives-dont) Mexico’s cultural center of Guadalajara, which will host four World Cup games with teams including Spain, Colombia and Uruguay, is home to the fearsome Jalisco New Generation Cartel, which runs narco trafficking and other rackets across the hemisphere. Mexico’s business capital […]
Reported by Taktile (Excerpt shared below. To read full report, go to: https://labs.taktile.com/benchmarks/kybench) The report behind KYBench by Taktile Labs tells us something profound about where financial crime compliance is headed: artificial intelligence is no longer knocking on the door of anti-money-laundering operations—it is already inside the building. What makes this benchmark so important is […]
Regulator tries to strengthen city-state’s position as wealth hub after money-laundering cases lengthened wait times Reported by Owen Walker (Excerpt shared below. To read full report, go to: https://www.ft.com/content/07be8870-e7f8-4101-9f0a-56049e5ae16f?syn-25a6b1a6=1) Singapore’s financial regulator has called on private banks to make it easier for customers to set up accounts, as the city-state tries to strengthen its position […]
Reported by JEFF ARNOLD (Excerpt shared below. To read full report, go to: https://thehill.com/homenews/nexstar_media_wire/5892193-chinese-nationals-money-laundering-cartels/amp/) Two Chinese nationals in Virginia face federal money-laundering conspiracy charges connected to two of the world’s most notorious and dangerous Mexican drug cartels, federal prosecutors announced Friday. Ruhan Zhen and Hongce Wu have been charged by the Department of Justice, accusing the […]
Reported by PYMNTS (Excerpt shared below. To read full report, go to: https://www.pymnts.com/aml/2026/house-hearing-puts-ai-fraud-at-center-of-aml-overhaul/) Criminals are not waiting for regulators to modernize anti-money laundering rules, and that asymmetry shaped a House hearing that exposed a larger divide than where to set reporting thresholds. At issue was whether the Bank Secrecy Act should evolve into a faster, […]
Reported by Arno Schütze and Karin Matussek (Excerpt shared below. To read full report, go to: https://finance.yahoo.com/markets/stocks/articles/deutsche-bank-raided-over-filing-163917039.html) Deutsche Bank AG was raided by German authorities on Wednesday as part of a money laundering probe looking at past dealings by staff with firms linked to the now-sanctioned Roman Abramovich, setting back the lender’s long-running effort to […]
Reported by FinTech Global (Excerpt shared below. To read full report, go to: https://fintech.global/2026/05/20/why-ai-overlays-are-failing-aml-compliance/) Legacy AML platforms are creaking under the weight of modern financial crime pressures and Napier AI warns that bolting AI onto broken foundations will not save them. Artificial intelligence has long hovered on the fringes of anti-money laundering (AML) operations, accessible only to […]
Reported by Dylan Tokar (Excerpt shared below. To read full report, go to: https://www.wsj.com/finance/regulation/trump-order-would-push-banks-to-check-clients-citizenship-status-f8645caf) A new executive order from President Trump would push banks to collect more information about their customers’ immigration status, part of an administration effort to crack down on undocumented immigrants’ access to the U.S. banking system. Trump on Tuesday ordered regulators […]
Reported by Michael Levenson (Excerpt shared below. To read full report, go to: https://www.nytimes.com/2026/05/15/us/kars4kids-advertising-banned-california.html) Kars4Kids, the charity known for its repetitive jingle that sticks like glue in a listener’s brain, must stop broadcasting its ads in California, a judge ruled. Judge Gassia Apkarian of the Superior Court of California, in Orange County, found that Kars4Kids’s […]
Reported by Dan McGarry (OCCRP), Emanuel Stoakes (OCCRP), Gareth Vaughan (Interest.co.nz), Mattias Carlsson (Expressen), Yana Mickevich and Dzmitry Charapahau (BIC), Karolis Jursys, Gabrielė Navickaitė and Jūratė Damulytė (15Min.lt) (Summary shared below. To read full report, go to: https://www.occrp.org/en/project/the-worldclear-files/inside-the-tiny-new-zealand-firm-that-transferred-millions-for-high-risk-clients) The story uncovered by the Organized Crime and Corruption Reporting Project is not really about one tiny […]
