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 […]

Reported by Reuters (Excerpt shared below. To read full report, go to: https://www.reuters.com/business/finance/chinese-fraud-mastermind-jailed-uk-laundering-bitcoin-2025-11-11/) The mastermind of a vast Ponzi scheme in China, which conned nearly 130,000 investors, was jailed in Britain on Tuesday for over 11 years for laundering the proceeds of the fraud into cryptocurrency now worth billions of dollars. Qian Zhimin pleaded guilty to two […]

Reported by Margaret Davis (Excerpt shared below. To read full report, go to: https://www.independent.co.uk/news/uk/crime/shops-raided-money-laundering-barbers-vape-operation-machinize-b2862383.html) Barbers, minimarts, and vape shops are among the 2,700 high street businesses that have been raided in the UK’s largest ever crackdown of its kind on money laundering. Officials state that these cash-rich establishments, which have proliferated across British high streets in […]

Reported by Minister of Finance and National Revenue – Canada (Summary featured below. To read full report, go to: https://budget.canada.ca/2025/report-rapport/pdf/budget-2025.pdf) Canada’s 2025 budget marks one of the most sweeping crackdowns on money laundering and financial crime the country has ever announced. The move comes after years of criticism that Canada was too easily exploited by […]