Reported by Liezel Once (Excerpt shared below. To read full report, go to: https://www.mpamag.com/ca/mortgage-industry/industry-trends/remax-brokerage-caught-in-fintracs-expanding-aml-enforcement-net/574126) A Kitchener‑based RE/MAX brokerage faces fresh scrutiny over anti‑money laundering controls after Canada’s financial intelligence unit imposed a five‑figure penalty tied to risk‑assessment gaps. RE/MAX Twin City Realty Inc., which also operated as Twin City Realty Inc. and maintained branches across southwestern […]

Reported by Belga News Agency (Excerpt shared below. To read full report, go to: https://www.belganewsagency.eu/ing-belgium-pays-16m-settlement-in-reynders-linked-probe) ING Belgium has paid a €1.6 million out-of-court settlement to the Brussels public prosecutor to avoid prosecution in a money-laundering investigation linked to former minister Didier Reynders, the prosecutor’s office said on Tuesday. The settlement, the maximum amount under Belgian […]

Reported by Reuters (Excerpt shared below. To read full report, go to: https://www.reuters.com/business/finance/denmarks-fsa-asks-police-probe-nordeas-compliance-money-laundering-2026-05-04/) Denmark’s financial supervisory authority (FSA) said on Monday it had asked Danish police to investigate ‌whether Nordea Bank’s (NDAFI.HE) Nordea Finans Danmark unit has failed to comply with money laundering regulations on customer due diligence. The FSA said in a statement it had […]

Reported by Ben Glickman (Excerpt shared below. To read full report, go to: https://www.wsj.com/tech/ai/anthropic-and-fis-are-building-an-ai-agent-to-help-banks-police-financial-crimes-5a0be5a8) An AI bot may soon be policing millions of bank accounts for financial crimes. Anthropic and Fidelity National Information Services FIS 1.59%increase; green up pointing triangle, or FIS, the financial software provider that underpins a swath of the financial system, on Monday announced a […]

Reported by Catherina Gioino (Excerpt shared below. To read full report, go to: https://fortune.com/2026/05/01/fired-chick-fil-mac-and-cheese-80000-refund/) When most people get fired from a job, they pick up and move on. For Keyshun Jones, he allegedly went back for seconds. The 23-year-old former Chick-fil-A employee in Grapevine, Texas, has been arrested and charged with multiple felonies after allegedly stealing more […]

Reported by Frank Main (Excerpt shared below. To read full report, go to: https://chicago.suntimes.com/the-watchdogs/2026/04/30/money-laundering-chinese-chicago-mexican-cartel-crime) A Chicago man has pleaded guilty in federal court to helping a money-laundering ring move about $3 million in illegal drug proceeds from Chicago to Mexico through China. Last week, Weiliang Zheng admitted participating in international money-laundering. Under sentencing guidelines, he […]

Reported by Leyland Cecco (Excerpt shared below. To read full report, go to: https://www.theguardian.com/world/2026/apr/30/canada-financial-crimes-agency-us-weakens-approach-cryptocurrency-atms-money-laundering) Canada is to establish a new and powerful law enforcement agency to investigate financial crime, in stark contrast to the US, where weakened federal investigators have struggled to pursue fraudsters and the White House has pardoned convicted money launderers. A bill to […]

Reported by Brian Danga (Excerpt shared below. To read full report, go to: https://www.theblock.co/post/399314/us-sentences-cartier-descendant-crypto-laundering) A U.S. court has sentenced Maximilien de Hoop Cartier to eight years in prison for operating an unlicensed over-the-counter crypto exchange that prosecutors said moved more than $470 million in drug proceeds through U.S. bank accounts to Colombia. Cartier is a […]

Reported by Associated Press (Excerpt shared below. To read full report, go to: https://www.washingtonpost.com/world/2026/04/28/karimova-uzbekistan-switzerland-money-laundering/aafd41d0-4305-11f1-b19d-32431046b5b4_story.html) A Swiss court on Tuesday dismissed a trial against the daughter of a former president of Uzbekistan on charges including money laundering and bribery, noting that she is in prison at home and has not been allowed to take part in […]

Reported by Anja Karadeglija (Excerpt shared below. To read full report, go to: https://halifax.citynews.ca/2026/04/28/ottawa-outlines-plans-to-tackle-financial-crime-ban-crypto-atms/) The federal government plans to ban cryptocurrency ATMs as part of a suite of measures in its spring economic statement targeting financial crimes. The government says scammers use the ATMs to defraud victims, while criminals use them to convert the proceeds […]