Reported by Marko Zivkovic (Excerpt shared below. To read full report, go to: https://appleinsider.com/articles/26/04/16/320m-money-laundering-scheme-uncovered-using-icloud-backup) An iCloud backup played a crucial role in the discovery of a money laundering ring in Brazil. Brazil’s federal police have uncovered a large-scale money laundering group involving influencers and musicians, all thanks to an iCloud backup. iCloud backups have played a key […]

Reported by Florian Müller (Excerpt shared below. To read full report, go to: https://www.ft.com/content/14f5c788-eb64-4033-8df8-ca33174b724e?syn-25a6b1a6=1) Deutsche Bank has reported itself to financial regulators over potential breaches of EU sanctions rules involving Russian clients, months after its Frankfurt headquarters were raided as part of a separate money-laundering investigation linked to Russian oligarch Roman Abramovich. The German lender […]

Reported by FinTech Globsl (Excerpt shared below. To read full report, go to: https://fintech.global/2026/04/15/norbloc-ab-tapped-for-uaes-e-kyc-transformation/) The Central Bank of the UAE (CBUAE), the country’s primary financial regulatory authority, has announced the creation of a nationwide unified electronic Know Your Customer (e-KYC) platform, with Swedish technology firm Norbloc AB named as its technical partner. The initiative forms a […]

(Excerpt shared below. To read full report, go to: https://gamingamerica.com/news/1059519/treasury-sanctions-two-cartel-linked-casinos-used-to-launder-money-and-stash-fentanyl) Reported by Colin Lynch The US Treasury has sanctioned two Mexican casinos with direct ties to one of the country’s most violent drug trafficking organizations.  The action, announced April 14 by the Office of Foreign Assets Control, targets Casino Centenario and Diamante Casino, both linked to […]

Reported by Patricia Cohen and Robert Gebeloff (Summary featured below. To read full report, go to: https://www.nytimes.com/2026/04/13/business/economy/iran-imports-exports-china.html?searchResultPosition=2) For nearly half a century, Iran has existed under the weight of sweeping international sanctions, cast as a global outlier because of its nuclear ambitions, support for militant groups and record on human rights. Yet those restrictions, imposed by the […]

Reported by Peeyush Singh (Excerpt shared below. To read full report, go to: https://appinventiv.com/blog/kyc-automation-benefits-use-cases-guide/) What Is KYC Automation? KYC automation is a more organised way for institutions to manage identity verification. Instead of checking every document manually, the process moves through a series of defined steps that collect information, validate details, and apply the same […]

Reported by Ankur Shah (Excerpt shared below. To read full report, go to: https://www.costar.com/article/1448830495/the-case-for-reverse-kyc-know-your-lender) Your reverse KYC checklist The benefits of partnering with a lender who understands the nuances of hotel investing may outweigh the basis point savings offered by a generalist. To ensure you are partnering with an experience hotel lender, consider asking potential […]

Reported by Tatiana Bautzer (Excerpt shared below. To read full report, go to: https://www.reuters.com/business/finance/citigroup-says-ai-helps-speed-account-openings-systems-upgrades-2026-04-08/) Citigroup is using artificial intelligence to speed up ‌account openings and the retirement of old software, the U.S. bank’s head of technology, Tim Ryan, said, as the firm pushes to improve productivity. U.S. banks are embracing AI, the biggest technological upheaval to […]

Black Box of Blockchain Risk Reported by PYMNTS (Excerpt shared below. To read full report, go to: https://www.pymnts.com/cryptocurrency/2026/stablecoins-meet-real-world-commerce-but-kyc-keeps-breaking-the-experience/) Stablecoin-linked cards are meant to make crypto spendable anywhere, but in practice, they’re exposing a fundamental clash between digital assets and jurisdictional compliance. As issuers partner with traditional payment networks, users are encountering repeated identity checks, frozen […]

Reported by U.S. Department of the Treasury (Originally appeared via: https://home.treasury.gov/news/press-releases/sb0435) The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) issued a joint proposed rule to implement provisions of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act).  The proposed rule, which implements the […]