Reported by the U.S. Department of the Treasury The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) today launched a new dedicated webpage to confidentially accept whistleblower tips on fraud, money laundering, and sanctions violations. While in Minnesota last month in support of President Trump’s efforts to stop the rampant government benefits fraud schemes, which […]
Reported by DutchNews (Excerpt shared below. To read full report, go to: https://www.dutchnews.nl/2026/02/louis-vuittons-dutch-arm-fined-e500000-over-money-laundering/) The Dutch branch of French fashion house Louis Vuitton has agreed to pay a €500,000 fine for failing to do enough to prevent large-scale money laundering at its stores and avoid a trial, the public prosecution service said on Thursday. The department said last […]
Reported by Holland Knight (Summary shared below. To read full report, go to: https://www.hklaw.com/en/insights/publications/2026/02/recent-fincen-actions-signal-trump-administrations-focus) Recent actions by the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) signal that anti-money-laundering (AML) enforcement remains a priority under the Trump Administration, with heightened scrutiny expected to continue through 2026. FinCEN has launched a sweeping, data-driven operation targeting more than […]
Reported by Sander Lutz (Excerpt shared below. To read full report, go to: https://finance.yahoo.com/news/bitcoin-exchange-paxful-must-pay-200432159.html) Paxful, the peer-to-peer Bitcoin exchange that closed in 2023, was sentenced this week by a federal court to pay $4 million in fines after pleading guilty to multiple criminal charges. The company reached a plea agreement with the Department of Justice and […]
Reported by Eurojust (Excerpt shared below. To read full report, go to: https://www.eurojust.europa.eu/news/action-against-eur-306-million-money-laundering-network) Following investigations into a criminal group suspected of laundering at least EUR 306 million of illicit profits from drug trafficking and other crimes, 13 people have been arrested in France and Romania. Investigations coordinated through a joint investigation team at Eurojust revealed […]
Reported by Brooke Singman (Excerpt shared below. To read full report, go to: https://www.foxnews.com/politics/bipartisan-senate-bill-targets-money-laundering-linked-drug-trafficking-terrorism.amp) Senate Judiciary Committee Chairman Chuck Grassley and Sen. Amy Klobuchar introduced a bipartisan measure to crack down on money laundering by increasing penalties and ensuring laws apply to systems used by drug traffickersand terrorists. Grassley, R-Iowa, and Klobuchar, D-Minn., introduced the “Combating Money Laundering, […]
Reported by Associated Press (Except shared below. To read full report, go to: https://www.borderreport.com/regions/mexico/doj-steps-up-pressure-on-cartels-financial-networks-as-launderers-turn-to-crypto/amp/) The Justice Department is taking direct aim at the financial lifelines of Mexico’s most violent drug cartels, targeting money brokers who prosecutors say have adapted to intensified enforcement by increasingly routing drug profits through cryptocurrency from American cities to cartel leaders in Mexico. […]
Reported by Elizabeth Howcroft (Excerpt shared below. To read full report, go to: https://www.reuters.com/sustainability/boards-policy-regulation/europes-anti-money-laundering-body-set-be-fully-operational-2028-2026-02-04/) The European Union’s new agency formed to fight dirty money said on Wednesday it was on track to be fully operational in 2028, as it set out its plan to tackle emerging illicit finance risks including crypto and “novel payment channels”. […]
Reported by Shannon Miller (Excerpt shared below. To read full report, go to: https://www.nbcdfw.com/news/local/55-million-lost-fraud-money-laundering-scheme-elderly-victims/3976092/?amp=1) Outside Tilak Jewelers in Irving Thursday afternoon was a swarm of local and state investigators. Inside, police were seen combing through display cases, collecting evidence in what the Collin County Sheriff’s Office calls an alleged large-scale fraud and money laundering scheme […]
Reported by Joseph Scaramucci (Excerpt shared below. To read full report, go to: https://www.hstoday.us/subject-matter-areas/human-trafficking/cuban-organized-crime-threats-fueling-online-sex-trafficking-in-the-u-s/) In recent years, the United States has seen a pronounced increase in Cuban females being trafficked in commercial sex markets across multiple states. While trafficking from Cuba into the United States is not new, the scale, structure, and coordination of these […]
