Reported by Rabihah Butler (Excerpt shared below. To read full report, go to: https://www.thomsonreuters.com/en-us/posts/corporates/world-cup-aml-professionals/) The 2026 FIFA World Cup is, by every measure, the largest sporting event ever staged on North American soil, drawing 3.6 million spectators through its early weeks and generating billions of dollars in economic activity — that level of transaction volume […]

Reported by Greenwich Free Press This Independence Day marks the 250th anniversary of the founding of the United States. Many have made plans to celebrate, while scammers capitalize on this landmark holiday. Just this week, BBB, Connecticut received a report from a local resident about a fake 250th birthday t-shirt purchased online. In the past […]

Reported by Chadwick Moore (Excerpt shared below. To read full report, go to: https://nypost.com/2026/06/30/us-news/russian-mobsters-1b-medicare-scam-likely-state-sanctioned-sources/) A quiet Brooklyn storefront served as a key part of a $1 billion Medicare fraud scheme led by the Russian mob, a federal indictment charges — and could even have been backed by the Kremlin. The scheme was so brazen, one medical […]

Reported by Avanthi M. Cole and William M. Borchard (Excerpt shared below. To read full report, go to: https://www.cll.com/newsroom-news-174056) The NO FAKES Act of 2026 Introduction.  The bipartisan, bicameral NO FAKES Act would create a federal cause of action against unauthorized digital replicas of an individual’s voice or visual likeness.  Senator Marsha Blackburn (R-Tenn.), one of […]

Reported by Ortenca Aliaj in London, Sarah White in Paris, Raya Jalabi in Beirut and Mercedes Ruehl in Zurich (Summary shared below. To read full report, go to: https://www.ft.com/content/cb6413a7-f76e-49dc-9644-3e3ac8fee2e8?syn-25a6b1a6=1) European banking giant HSBC has come under renewed scrutiny after French prosecutors placed its Swiss private banking unit under formal investigation over allegations it helped facilitate a scheme that diverted approximately $330 million […]

Reported by The Wolfsberg Group (Summary shared below. To read full report, go to: https://db.wolfsberg-group.org/assets/6c32b34b-bc02-4e8b-9b3f-f36e9bd109c3/Wolfsberg%20Group%20-%20Risk%20Based%20Approach%20Guidance%20_June2026.pdf) Global financial institutions should rethink how they manage financial crime risk by focusing less on rigid compliance checklists and more on risk-driven decision making, according to new guidance released by the Wolfsberg Group. The 2026 update argues that effective anti-money […]

By Priscilla DeGregory and Josh Christenson (Excerpt shared below. To read full report, go to: https://nypost.com/2026/06/23/us-news/trump-crackdown-uncovers-6-5b-in-fraud-and-your-taxes-were-wasted-on-diamonds-ferraris/) More than 450 alleged fraudsters — including 90 doctors and medical professionals — were busted for bilking at least $6.5 billion in fake Medicare and Medicaid claims, with one greedy nurse splashing her ill-gotten gains on an $865,000 Bulgari necklace, a $594,000 […]

Reported by Sabrina Siddiqui and Christopher Weaver (Summary shared below. To read full report, go to: https://www.wsj.com/politics/policy/justice-department-unveils-6-5-billion-healthcare-fraud-crackdown-e3827ece?mod=e2li) The Justice Department on Tuesday announced criminal charges against roughly 450 defendants accused of participating in healthcare fraud schemes totaling more than $6.5 billion, describing the effort as the largest coordinated healthcare fraud enforcement action in the department’s history. The […]

Reported by Brenda Medina and Spencer Woodman (Excerpt shared below. To read full report, go to: https://www.icij.org/investigations/coin-laundry/law-enforcement-banks-warn-of-money-laundering-gaps-in-major-us-crypto-bill/) Law enforcement associations, anti-corruption advocates and a major banking group are warning that a new bill aimed at regulating the United States’ cryptocurrency industry could leave big gaps in safeguards against dirty money in digital currencies that have already become […]

Reported by Mark Bou Mansour (Excerpt shared below. For full report, go to: https://taxjustice.net/press/us-tops-ranking-of-real-estate-destinations-for-dirty-money/) The US is the world’s top destination for laundering dirty money through real estate, the latest update to the Financial Secrecy Index revealed today. Weak to non-existent transparency laws earned the US the worst possible score on the Index’s real estate […]