Reported by Anne-Sylvaine Chassany, Chris Cook and Anastasia Stognei (Summary shared below. To read full report, go to: https://www.ft.com/content/3848a4ad-1426-4352-ba86-ef1279c4ffd1?syn-25a6b1a6=1) The Financial Times has uncovered evidence that A7, a Kremlin-backed fintech company established as an alternative to Western payment systems, moved more than $6.9 billion through the global banking system despite sanctions on Russia. A vast collection of internal […]

Reported by Ebrima Santos Sanneh (Summary shared below. To read full report, go to: https://www.americanbanker.com/news/fincen-moves-to-rewrite-banks-due-diligence-requirements) The Financial Crimes Enforcement Network, or FinCEN, is preparing to rewrite banks’ customer due diligence requirements under the 2021 Corporate Transparency Act. The proposed rule was submitted to the Office of Management and Budget’s Office of Information and Regulatory Affairs […]

Reported by South China Morning Post (Summary shared below. To read full report, go to: https://amp.scmp.com/news/asia/southeast-asia/article/3368197/singapore-nets-us862000-first-auction-money-laundering-case) Singapore has raised approximately US$862,000 from the first auction of luxury goods seized in its landmark money-laundering investigation, with a rare Louis Vuitton handbag generating the most attention. The limited-edition yellow monogram pumpkin bag, created through the fashion house’s […]

Reported by The New York Times (To buy book, click: Money to Burn: The Unvarnished Truth About Leon Black, Apollo, and the Rise of a New Wall Street.) William D. Cohan’s “Money to Burn” is less a redemption story than an autopsy, and that is precisely what makes it essential. The book charts the rise […]

Reported by The Bureau (Summary shared below. To read full report, go to: https://www.thebureau.news/p/as-chinese-mexican-cartel-and-iranian) The Bureau’s latest investigation begins with a Canadian judge’s decision to make allegations of police corruption public, but uses the case to examine a much larger question: whether transnational criminal and state-linked networks have penetrated parts of Canada’s law-enforcement and financial […]

Reported by Zigram (Summary shared below. To read full report, go to: https://www.zigram.tech/article/account-takeover-fraud-detection/) Account takeover fraud is becoming harder to detect because criminals can enter an existing account using credentials that appear completely legitimate. ZIGRAM’s September 2026 analysis argues that a successful login should no longer be treated as evidence that the legitimate customer is […]

Reported by U.S. Attorney’s Office, Central District of California (Originally published via: https://www.justice.gov/usao-cdca/pr/2-defendants-employed-la-area-homeless-nonprofits-arrested-federal-charges-alleging) LOS ANGELES – Law enforcement today arrested two defendants out of three total charged in separate federal homelessness corruption and fraud cases, including a founder of a Culver City-based nonprofit who allegedly misappropriated more than $7.5 million in taxpayer funds, and used this […]

Reported by Christian Berthelsen and Jill R Shah (Excerpt shared below. To read full report, go to: https://www.ft.com/content/a3830162-2f40-46b7-8259-0db45fe2acef?syn-25a6b1a6=1) Two Chinese companies used Binance accounts to launder $61mn in payments for black-market Iranian oil and attempted to funnel the funds back to the Iranian government, US prosecutors have alleged. The justice department filed a forfeiture complaint seeking to […]

Reported by Gov.UK (Originally published via: https://www.gov.uk/government/news/hundreds-of-new-officers-to-hunt-down-dirty-money-networks) Hundreds of new officers will be recruited to track dirty money, disrupt organised crime networks and seize criminal assets under a major new crackdown.    New officers will be deployed across police forces, the NCA and the CPS to follow the money behind serious and organised crime, including through Russian and other international money laundering networks.    The new investigators will focus […]

Reported by JOSHUA GOODMAN and ALANNA DURKIN  (Excerpt shared below. To read full report, go to: https://apnews.com/article/maduro-alex-saab-guilty-plea-ac402258f242b2cc6f43684be3680713) A close ally of ousted Venezuelan President Nicolás Maduro is expected to plead guilty Tuesday in a federal case that accused him of bribing officials to win lucrative contracts to import food at a time of widespread hardship in the South American […]