Reported by Howard W. Herndon, Robert A. Broadbent, and John M. Scannapieco (Summarized version featured below) The article “Bridging the Gap: Applying Anti-Money Laundering Techniques and AI to Combat Tariff Evasion” by Womble Bond Dickinson explores the integration of artificial intelligence (AI) into anti-money laundering (AML) strategies, particularly to address trade-based money laundering (TBML) and […]

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Reported by Parya Lotfi Financial crime is evolving at a pace that regulators and compliance teams are struggling to match. While most financial institutions have invested heavily in fraud prevention, a new and insidious threat is slipping through the cracks—deepfake-generated synthetic identities. Fraudsters no longer need stolen documents or hacked credentials; they can now fabricate […]

Reported by TikTok @caitlinsometimescherry Do you want to learn the tax liabilities imposed by the Internal Revenue Service (IRS) on a stripper (dancer) who makes most of her money in cash? If so, watch the entire video a below. There is definitely no tax fraud here.

Reported by FinCEN (Frequently asked questions regarding these GTOs are available here.) On April 14, 2025, the Financial Crimes Enforcement Network (FinCEN) announced the renewal of its Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural persons behind shell companies used in non-financed purchases of residential real estate. The terms of […]

Reported by Matthew Reilly Attorney General Matthew J. Platkin, the Division of Criminal Justice (DCJ), and the New Jersey State Police (NJSP) today announced that 39 people – including a Prospect Park councilman and members of the Lucchese Crime Family – have been charged with racketeering, gambling offenses, money laundering, and other crimes, after law […]

Reported by Ed Thomas (Summarized version featured below) In a coordinated crackdown dubbed Operation Machinize, UK authorities raided 265 businesses across England and Wales—mainly barbershops, vape stores, and mini-marts—suspected of operating as fronts for organized crime. In Shrewsbury, officers detained two Kurdish asylum seekers and uncovered cash and illicit vapes during a raid on a […]

Reported by FinCEN (Summarized version featured below – full version available at the end of the summary) The 2024 Financial Trend Analysis (FTA) report by FinCEN highlights the growing threat of fentanyl-related illicit finance, drawing from 1,246 Bank Secrecy Act (BSA) reports that flagged approximately $1.4 billion in suspicious transactions. These transactions reveal the extensive […]

Reported by 1LOD (Summarized version featured below) The 2025 Financial Crime Benchmarking Survey, conducted by 1LoD, gathers insights from over 25 financial institutions across the US, Europe, and Asia. It benchmarks AML (Anti-Money Laundering) and KYC (Know Your Customer) processes and technology, emphasizing that despite regulatory scrutiny and increasing complexity, most banks continue to invest […]

Reported by FinCEN The FinCEN Advisory issued in April 2025 outlines the ongoing threat posed by ISIS and its global affiliates, emphasizing their sustained capability to inspire and conduct terrorist attacks worldwide. While the group’s central leadership remains in Iraq and Syria, ISIS operates through numerous affiliates across Africa, the Middle East, and Central Asia. […]