Reported by PYMNTS (Excerpt shared below. To read full report, go to: https://www.pymnts.com/bank-regulation/2025/occ-ends-money-laundering-data-collection-requirements-for-community-banks) The Office of the Comptroller of the Currency(OCC) issued two bulletins that it said will improve the effectiveness and efficiency of Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance while reducing unnecessary regulatory burden on community banks. In one bulletin, the OCC clarified the examination […]

Reported by Rob Copeland, Stacy Cowley,  and Devlin Barrett (Excerpt shared below. To read full report, go to: https://www.nytimes.com/2025/11/22/business/bank-data-hack.html) Some of the nation’s biggest banks were scrambling on Saturday night to assess the fallout from a large-scale hack of a vendor whose compromise could expose sensitive customer data. The vendor, SitusAMC, has been deployed by hundreds […]

Reported by José de Córdoba (Summary featured below. To read full report, go to: https://www.wsj.com/world/americas/the-web-of-venezuelan-generals-accused-of-fueling-the-cocaine-trade-8bb251db?mod=mhp) For more than twenty years, U.S. and Colombian officials say a diffuse network of Venezuelan generals and senior officials has played a central role in moving thousands of tons of Colombian cocaine through Venezuela and onward to the U.S., Europe, […]

Reported by U.S. Attorney’s Office (Summary featured below. To ready full report and Indictment, go to: https://www.justice.gov/usao-ndil/pr/founder-chicago-cryptocurrency-company-indicted-alleged-10-million-money-laundering and https://www.justice.gov/usao-ndil/media/1418781/dl?inline) Federal prosecutors have indicted Firas Isa, the 36-year-old founder and CEO of the Chicago-based cryptocurrency company Virtual Assets LLC (also known as Crypto Dispensers), for allegedly participating in a scheme to launder more than $10 million […]

Reported by Sven Stumbauer (Summary shared below. To read full report, go to: https://internationalbanker.com/banking/a-new-wave-of-global-anti-money-laundering-enforcement-has-arrived-are-you-prepared/) There’s a dramatic shift underway in the world of anti-money laundering (AML) enforcement, as highlighted in a recent International Banker analysis. The Financial Crimes Enforcement Network (FinCEN) recently imposed landmark sanctions on three Mexican financial institutions—CIBanco, Intercam Banco, and Vector—linking them […]

Reported by ICIJ (Excerpt shared below. To read full report, go to: https://www.icij.org/investigations/coin-laundry/crypto-cash-desk-currency-exchange-money-laundering/) The ICIJ’s Coin Laundry investigation pulls back the curtain on a growing global network of “crypto-to-cash” desks and couriers—businesses where people can exchange cryptocurrency (often stablecoins like tether) directly for physical cash. Reporters visited more than a dozen of these operations, from […]

Reported by Owen Walker (Excerpt shared below. To read full report, go to: https://www.ft.com/content/a81bc993-97fc-45d2-bd55-9dd32b5957d1) Singapore police swept across the city-state, seizing hundreds of millions of dollars in financial assets, a yacht and a fleet of luxury cars, all allegedly linked to Cambodia’s murky and criminal world of online scams.  Last month’s dramatic seizure of assets […]

Reported by Ron Lieber (Excerpt shared below. To read full report, go to: https://www.nytimes.com/2025/11/14/business/charlie-javice-jpmorgan-legal-bills.html) What would you do if the federal government wanted you in jail and Jamie Dimon was paying your legal bills? Here’s what Charlie Javice did: She spent money on luxury hotel upgrades, extravagant meals and cellulite butter, a personal care product […]

Reported by FinCEN (Excerpt shared below. To read full NPRM, go to: https://www.fincen.gov/system/files/2025-11/FinCEN-311-Gambling-Establishments-NPRM.pdf) FinCEN has issued a sweeping Notice of Proposed Rulemaking that designates transactions involving ten Mexico-based gambling establishments as a primary money-laundering concern. Using its authority under Section 311 of the USA PATRIOT Act, the agency argues that these casinos have been systematically […]

Reported by Max Kendix (Excerpt shared below. To read full report, go to: https://www.thetimes.com/uk/crime/article/chinese-state-linked-gangs-money-laundering-uk-vtv3f9krf) Chinese state-linked criminal gangs are using international students in Britain to launder hundreds of millions of pounds in cash, research claims.  The Chinese groups collect cash from street-level drug dealers and use a network of money mules to deposit it in […]