Reported by Laith Al-Khalaf (Excerpt shared below. To read full report, go to: https://www.ft.com/content/ab96ebcb-edcd-4537-b1b3-ffce3cc30bfc) HSBC’s Swiss private bank has launched a cull of more than 1,000 wealthy Middle Eastern clients, as it faces ongoing scrutiny from regulators over high-risk clients. The bank will be terminating its relationship with a slew of customers from countries such as Saudi Arabia, […]

Reported by Tracey Tully (Excerpt shared below. To read full report, go to: https://www.nytimes.com/2025/08/22/nyregion/nadine-menendez-blames-robert-menendez.html) During his trial on federal corruption charges, Robert Menendez, the former senator from New Jersey, tried unsuccessfully to blame much of his trouble on his wife, Nadine. But as she seeks to avoid a lengthy prison sentence of her own, Ms. […]

Reported by Rabihah Butler (Excerpt shared below. To read full report, go to: https://www.thomsonreuters.com/en-us/posts/government/sars-evolved-ci-first/) The CI-FIRST initiative In early 2025, the CI-FIRST initiative was introduced, aiming to establish a transparent and effective partnership between federal agencies and private financial institutions. This program enhances transparency around SARs filings, providing financial institutions with clearer insight into how their submitted […]

Reported by Iain Armstrong (Excerpt shared below. To read full report, go to: https://aijourn.com/5-tips-to-successfully-embrace-agentic-ai-for-aml-due-diligence/?utm_campaign=Latest+News&utm_content=004pub7u75s64bh-Image&utm_medium=social&utm_source=LinkedIn) If last year was shaped by the rapid growth in the use of generative AI applications, like GPT or Gemini, then this year’s breakthrough technology is already locked in – agentic AI. From financial services through to the heart of the […]

Reported by  JERRY HAAR (Excerpt shared below. To read full report, go to: https://thehill.com/opinion/finance/5462780-the-higher-the-tariffs-the-greater-the-money-laundering/amp/) U.S. trade policy is now synonymous with tariff policy. President Trump’s latest round of higher taxes on imports went into effect on Aug. 7, and the 40 countries with which the U.S. runs a trade deficit now face a 15 percent […]

Reported by Cynthia Kroet (Excerpt shared below. To read full report, go to: https://www.euronews.com/my-europe/2025/08/20/ing-bank-probed-for-role-in-didier-reynders-money-laundering-case) ING Belgium has come under investigation for its role in the money laundering case that involves former European Commissioner Didier Reynders, Belgian newspaper Le Soir reports. The bank is being probed by the Brussels prosecutor’s office for potential acts of “influence peddling”.  […]

Reported by Michael Joseph (Excerpt shared below. To read full report, go to: https://www.sdcexec.com/software-technology/ai-ar/article/22945695/napier-ai-why-tariffs-are-fueling-financial-crime) Volatile tariff policies are creating new criminal opportunities across global supply chains. The same invoice manipulation and transshipment schemes criminals use to launder money now also help them evade customs duties. Procurement and compliance teams often lack the coordination necessary to […]

Reported by Thomas Brewster (Excerpt shared below. To read full report, go to: https://www.forbes.com/sites/thomasbrewster/2025/08/19/the-wiretap-the-dea-laundered-19-million-of-cartel-drug-money-into-cash-and-crypto/) For over a decade, the DEA ran a money laundering operation for a Columbian narcotics trafficking cartel. In total, the agency and its sources took in $19 million in drug money, funnelling cash into bank and cryptocurrency accounts controlled by sources, agents and the cartel. […]

Reported by Chirag Bhardwaj (Summary shared below. For full report, go to: https://appinventiv.com/blog/blockchain-for-digital-identity-verification/) Digital identity is the backbone of how individuals interact online, from logging into social media accounts to verifying identities for banking and tax services. Yet, the current centralized systems that manage digital identity are increasingly vulnerable to theft, fraud, and misuse. In […]

Reported by James Reddick (Excerpt shared below. To read full report, go to: https://therecord.media/scammers-ghost-tapping-retail-fraud-launder-cash) Chinese organized criminal groups in Southeast Asia are increasingly using stolen payment card information and retail fraud to launder their illicit proceeds.    The technique demonstrates the sophisticated level of coordination among criminal actors as they attempt to move money derived from […]