Reported by Phd Kitty A surprisingly effective explainer on tax evasion and financial crime — delivered by a kitty cat. Educational and unforgettable.

An American world traveller entered Iran like a tourist. Did he violate OFAC Sanctions?

Reported by Brooke Singman FOX Business (Excerpt shown below. To read full report, go to: https://www.foxbusiness.com/politics/treasury-requires-us-financial-institutions-cut-ties-mexico-based-banks-tied-cartel-money-laundering.amp) The Trump administration on Wednesday, for the first time, used a new authority to require U.S. financial institutions to cut ties with three Mexico-based banks for laundering money on behalf of cartels. The Treasury Department identified cartels that have “exploited Mexico-based financial […]

Reported by Parya Lotfi (Excerpt shown below. To read full report, go to: https://www.forbes.com/councils/forbestechcouncil/2025/06/23/how-deepfakes-are-disrupting-kyc-and-financial-security/) Inside The Deepfake KYC Fraud Playbook Deepfake-enabled KYC fraud follows a methodical, multistage process: 1. Data Acquisition: Fraudsters begin by collecting personal data, in many instances using malware, social networking sites, phishing scams or the dark web. This data is then used […]

Reported by FATF (Excerpt shown below. To read full report, go to: https://www.fatf-gafi.org/en/publications/Fatfrecommendations/update-Recommendation-16-payment-transparency-june-2025.html) FATF updates Standards on Recommendation 16 on Payment Transparency The Financial Action Task Force (FATF) has today streamlined international requirements that will increase the safety and security of cross-border payments to better detect financial crime.  The changes to Recommendation 16 of the […]

Reported by Zunaira Saieed (Excerpt featured below. To read full report, got to: https://www.nytimes.com/2025/06/20/world/asia/malaysia-razak-charges-1mdb.html) A Malaysian court on Friday dropped money-laundering charges against former Prime Minister Najib Razak, who is in prison for stealing millions of dollars from a government fund. Prosecutors said they were not ready to proceed with the case even though they […]

Reported by U.S. Department of Homeland Security (Advisory below originally published via: https://www.dhs.gov/ntas/advisory/national-terrorism-advisory-system-bulletin-june-22-2025) National Terrorism Advisory System Bulletin – June 22, 2025 The ongoing Iran conflict is causing a heightened threat environment in the United States. Low-level cyber attacks against US networks by pro-Iranian hacktivists are likely, and cyber actors affiliated with the Iranian government […]

Reported by Gabrielle Fahmy (Excerpt featured below. To read full report, go to: https://nypost.com/2025/06/21/us-news/pelosi-added-millions-to-net-worth-last-year-report/) She might be the She-Wolf of Wall Street. Rep. Nancy Pelosi (D-California) raked in between $7.8 and $42.5 million in 2024 — meaning her estimated net worth with venture capitalist hubby Paul Pelosi could now top out at $413 million, new financial disclosures […]

Reported by James Bickerton (Excerpt featured below. To read full report, go to: https://www.newsweek.com/texas-judge-switches-gop-after-being-charged-money-laundering-2087822) Ford Bend County Judge KP George, who is currently facing charges over alleged money laundering and misrepresentation of identity, has announced his defection from the Democratic Party to the Republican Party. Newsweek contacted George, one of his attorneys and both the Texas Democrats and Republican Party of […]

Reported by Pat Reavy (Except featured below. To read full report, go to: https://www.ksl.com/article/51332570/ukrainian-nationals-arrested-in-utah-in-alleged-money-laundering-scheme-) Two Ukrainian nationals have been arrested in northern Utah for their alleged roles in what police are calling “an elaborate money laundering operation.” Damir Ovsiannikov, 18, and Liubomyr Prokopchuck, 27, were each booked into the Cache County Jail for investigation of […]