Reported by 1LOD (Summarized version featured below) The 2025 Financial Crime Benchmarking Survey, conducted by 1LoD, gathers insights from over 25 financial institutions across the US, Europe, and Asia. It benchmarks AML (Anti-Money Laundering) and KYC (Know Your Customer) processes and technology, emphasizing that despite regulatory scrutiny and increasing complexity, most banks continue to invest […]

Reported by FinCEN The FinCEN Advisory issued in April 2025 outlines the ongoing threat posed by ISIS and its global affiliates, emphasizing their sustained capability to inspire and conduct terrorist attacks worldwide. While the group’s central leadership remains in Iraq and Syria, ISIS operates through numerous affiliates across Africa, the Middle East, and Central Asia. […]

Reported by Ayesha Aziz Nearly 400,000 former FTX users may lose access to over $2.5 billion in repayments if they don’t complete identity verification by June 1. A recent filing in the U.S. Bankruptcy Court for the District of Delaware showed that roughly 392,000 people failed to begin the required Know Your Customer (KYC) process before the […]

Reported by Lex Friedman

Reported by Janaya Moscony (Summarized version featured below) In her article “Predictions for 2025: What Private Fund Advisers Can Expect from SEC Examinations,” Janaya Moscony discusses anticipated trends in the Securities and Exchange Commission’s (SEC) approach to private equity and hedge fund managers under the new administration. Despite speculations about a more lenient SEC, Moscony […]

Reported by U.S. Department of Treasury (Summarized version featured below) On March 31, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned six individuals and seven entities linked to a money laundering network supporting the Sinaloa Cartel, a notorious drug trafficking organization responsible for a significant portion of illicit fentanyl […]

Reported by Matt Bracken A bipartisan pair of senators is taking another shot at their bill to expand the U.S. Secret Service’s investigative powers for financial cybercrime probes. The Combatting Money Laundering in Cyber Crime Act from Sens. Catherine Cortez Masto, D-Nev., and Chuck Grassley, R-Iowa, would update federal law to strengthen the Secret Service’s authority, enabling […]

Reported by THE ASSOCIATED PRESS AND FATIMA HUSSEIN (Summarized version featured below) The IRS Criminal Investigation division (IRS-CI) has introduced a new program called CI-FIRST (Feedback in Response to Strategic Threat) to improve collaboration with financial institutions amid growing threats from technology-driven financial crimes. The initiative aims to enhance the speed and efficiency of subpoena processes, provide […]

Reported by BlockTribune Staff Reporter On Monday, March 24, 2025, Law360 reported that heads of enforcement at the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) indicated that both agencies are maintaining vigilance over cryptocurrency, despite the SEC’s recent withdrawal from several crypto-related cases and investigations. During a panel discussion at the […]

Reported by FinCEN The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an Alert on bulk cash smuggling and repatriation by Mexico-based Transnational Criminal Organizations (TCOs), urging financial institutions to be vigilant to such activity. The Alert discusses transactions potentially related to the cross-border smuggling of bulk cash from the United States into Mexico […]