Reported by Kaley Schafer (Excerpt shared below. To read full report, go to: https://natlawreview.com/article/fincen-proposes-designate-banque-misr-uae-primary-money-laundering-concern-and?amp) The Financial Crimes Enforcement Network (“FinCEN”) has proposed to revoke Banque Misr UAE’s (the “Bank”) correspondent banking access to U.S. financial institutions, finding that that the Bank is a financial institution operating outside of the U.S. and is of primary money laundering concern […]

Reported by John Revill (Excerpt shared below. To read full report, go to: https://www.reuters.com/business/finance/julius-baer-seriously-breached-risk-money-laundering-rules-swiss-regulator-says-2026-09-29/) Swiss financial regulator FINMA said on Tuesday it had concluded enforcement proceedings against Julius Baer (BAER.S), lifting or relaxing restrictive ‌measures against the bank and triggering a sharp rise in the Zurich-based private bank’s shares. The bank said a request regarding its […]

Reported by FinCEN The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued answers to two new Frequently Asked Questions (FAQs) and updated one existing FAQ that address the use of state-issued mobile driver’s licenses (mDLs) and other government-issued verifiable digital credentials, which may be used to verify identities of natural person customers […]

Reported by Joe Wilkins (Excerpt shared below. To read full report, go to: https://futurism.com/future-society/polymarket-gambling-debit-card-fraud) Gambling addicts aren’t the only ones being taken for a ride by prediction markets.  As gambling platforms like Polymarket and Kalshi become have more popular than ever before, financial criminals are also using prediction markets to unleash fraud and graft on an unprecedented […]

Reported by Ronny Reyes (Excerpt shared below. To read full report, go to: https://nypost.com/2026/09/25/us-news/phony-travel-agent-convicted-in-20m-human-smuggling-scheme-that-funneled-cubans-into-us/) A Cuban national who took part in a $20 million human smuggling scheme that brought hundreds of Cubans into the US was convicted by a federal jury on Thursday and faces up to 20 years in prison, the Department of Justice said. Lazaro […]

Reported by Zawya (Excerpt shared below. To read full report, go to: https://www.zawya.com/en/press-release/companies-news/deutsche-bank-private-bank-launches-agentic-ai-solution-for-source-of-wealth-kyc-processes-1062832) Deutsche Bank (XETRA: DBKGn.DB / NYSE: DB) Private Bank today announced the rollout of an Agentic AI-enabled Source of Wealth (SoW) solution, a major step in its strategy to apply AI to complex banking processes while maintaining strong governance and controls.  The solution went […]

Reported by Aaron Krolik (Summary shared below. To read full report, go to: https://www.nytimes.com/2026/09/24/business/russia-sanctions-evasion-a7.html) The New York Times investigation exposes A7, a Moscow-based financial services firm that has built an extensive infrastructure for helping Russian businesses bypass Western sanctions. Using shell companies, cryptocurrency and falsified trade documents, A7 has facilitated international payments for ordinary commercial […]

Reported by Aaron Stanley (Summary featured below. To read full report, go to: https://www.forbes.com/sites/astanley/2026/09/16/ai-agents-can-attack-kyc-or-act-for-you-how-do-we-tell/) The rise of AI agents is forcing financial institutions to reconsider a basic assumption behind digital identity: that distinguishing humans from bots is enough to establish trust. In his Forbes analysis, Aaron Stanley argues that the more important questions are who […]

Reported by Anastasia Stognei and Anne-Sylvaine Chassany in Berlin and Chris Cook in London (Summary shared below. To read full report, go to: https://www.ft.com/content/fb42c5dd-1550-402c-8881-49a3902710a0?syn-25a6b1a6=1) The Financial Times investigation reveals how billions of dollars in foreign earnings from Rosneft, Russia’s state-owned oil giant, helped finance the Kremlin-backed A7 payment network, allowing Russian businesses to conduct international transactions despite Western sanctions and […]

Reported by FinCEN The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), together with the Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), and the Office of the Comptroller of the Currency (OCC) (collectively, the Agencies), issued a joint statement to […]