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 […]
Reported by Lisandra Paraguassu (Excerpt shown below. To read full report, go to: https://www.reuters.com/sustainability/brazil-investigate-suspected-fx-insider-trading-us-tariffs-2025-07-21/) Brazil’s Supreme Court Justice Alexandre de Moraes authorized an investigation into the alleged use of privileged information on foreign exchange transactions before the announcement of the 50% U.S. tariff on all Brazilian imports in July, according to a Monday court filing. On […]
Reported by RITA TRICHUR (Excerpt featured below. To read full report, go to: https://www.theglobeandmail.com/business/commentary/article-stablecoin-cryptocurrency-genius-act-donald-trump-money-laundering/) Hoopla over America’s new stablecoin law is fuelling fears that Canada is missing out on the latest cryptocurrency boom. The Guiding and Establishing National Innovation for U.S. Stablecoins Act, or the Genius Act, was signed into law by President Donald Trump […]
Reported by Kyle Jaeger (Excerpt featured below. To read full report, go to: https://www.marijuanamoment.net/congressional-committee-pushes-to-eliminate-illegal-marijuana-grows-and-tackle-money-laundering-by-chinese-linked-cannabis-operations/) A key congressional committee is calling for a stepped-up effort to eradicate illegal marijuana grows that are “not sanctioned” by state or tribal law, while also tackling money laundering issues associated with illicit Chinese-connected cannabis businesses. The House Appropriations Committee included […]
