Reported by Kevin Hall (Excerpt shown below. To read full report, go to: https://www.occrp.org/en/news/fincen-calls-for-vigilance-on-crypto-kiosk-activities) The Treasury Department on Monday warned financial institutions to monitor and report suspicious activity at so-called crypto ATMs, which have been used to launder proceeds from drug sales and other criminal activity. Formally known as convertible currency kiosks, or CVC kiosks, […]

A former compliance executive at the bank sued Alessandro DiNello, saying the ex-CEO knew of a client’s money laundering and discussed sensitive information while a “junior employee sat on his lap.” Reported by Rajashree Chakravarty (Excerpt show below. To read full report, go to: https://www.bankingdive.com/news/ex-flagstar-ceo-alessandro-dinello-accused-of-illegal-conduct/756595/) Former Flagstar CEO Alessandro DiNello is accused of allegedly being […]

Reported by Tom from Texas (TikTok) Featuring Tom, an American from Texas, showing what American, Australian, and European consumer goods are available for sale in Russia despite Sanctions.

Reported by by Fenergo and PwC The whitepaper “Target Operating Models That Work: From Vision to Value” by Fenergo and PwC presents a detailed framework for designing and executing effective Target Operating Models (TOMs) in financial institutions, particularly to strengthen Client Lifecycle Management (CLM), AML compliance, and operational agility. It emphasizes that TOMs should not […]

Reported by Margot Patrick  (Summary featured below. To read full report, go to: https://www.wsj.com/finance/scam-billionaire-astor-bf8ce715?mod=WTRN_pos1) In 2021, Mexican billionaire Ricardo Salinas Pliego, known for his ownership of TV Azteca and Grupo Elektra, sought to expand his bitcoin portfolio. To fund the move, he arranged $400 million in loans backed by over $1 billion in his own […]

Reported by Financial Tech Times (Excerpt shown below. To read full report, go to: https://www.thestreet.com/crypto/newsroom/legal-entity-identifiers-momentum-in-crypto) As cryptocurrencies continue to develop and attract attention from institutions, complying with regulations is becoming increasingly important. A tool that is gaining popularity in this area is the Legal Entity Identifier (LEI). This globally recognized identifier serves as a unique […]

Reported by Private Banker International (Excerpt shown below. To read full report, go to: https://www.privatebankerinternational.com/news/hsbc-swiss-private-bank-probe/?cf-view) HSBC Holdings’ Swiss private banking arm is currently under scrutiny by local and French law enforcement agencies, the bank in a statement.   The investigations, which are in their preliminary stages, are focused on potential offenses linked to “two historical banking […]

Reported by MBN Staff (Excerpt shown below. To read full report, go to: https://mexicobusiness.news/finance/news/mexican-banks-tighten-checks-after-us-money-laundering-claims) Major Mexican banks are intensifying efforts to review and filter client portfolios following US accusations of money laundering against CIBanco, Intercam, and Vector, as well as the designation of Mexican drug cartels as terrorist organizations earlier this year. These actions reflect […]

Reported by Benjamin Sutton (Excerpt shown below. To read full report, go to: https://www.theartnewspaper.com/2025/07/25/anti-money-laundering-legislation-us-senate-proposal) A bipartisan group of US Senators has introduced new legislation, dubbed the “Art Market Integrity Act”, which would require art market businesses operating in the US to comply with measures to prevent money laundering and the financing of terrorism. If adopted, […]

Reported by Rebecca Ungarino (Excerpt show below. To read full report, go to: https://www.barrons.com/articles/openai-ceo-sam-altman-bank-fraud-crisis-57be8709) OpenAI Chief Executive Sam Altman said he is concerned that financial firms aren’t adequately dealing with a rise in artificial intelligence-enabled scams against bank customers, highlighting a chief concern of lenders as the emerging technology grows more sophisticated. “I am very nervous […]