Reported by Nathan Solis and Katerina Portela (Excerpt featured below. To read full report, go to: https://www.latimes.com/california/story/2025-07-25/feds-raid-tujunga-home-of-alleged-tiktok-cult-pastor-in-sex-trafficking-investigation) A home linked to a pastor featured in the Netflix docuseries “Dancing for the Devil: The 7M TikTok Cult” was raided Friday by federal agents in relation to an investigation into sex trafficking, money laundering and other accusations, according to authorities. Property […]

Reported by Lily Mae Lazarus (Excerpt featured below. To read full report, go to: https://finance.yahoo.com/news/inside-99-million-luxury-wine-202152243.html) Two childhood friends have found themselves at the center of a multimillion-dollar fraud prosecution in New York after what started as a luxury wine lending business promising lucrative returns cost investors nearly $100 million. James Wellesley, a disbarred British lawyer, […]

Reported by Ed Shanahan and Chelsia Rose Marcius (Excerpt featured below. To read full report, go to: https://www.nytimes.com/2025/07/24/nyregion/nyc-atm-scam.html) It took less than three days for $17 million to disappear from A.T.M.s across New York in a scam that went viral on TikTok and city officials say is linked to a youth jobs program, according to two law […]

Reported by Claire Moses and Ephrat Livni (Excerpt featured below. To read full report, go to: https://www.nytimes.com/2025/07/23/world/europe/louis-vuitton-netherlands-money-laundering.html) She paid in cash and shopped often. She never spent beyond a set amount, but over about 18 months, the authorities say, this single customer bought millions of euros’ worth of bags and other luxury goods from Louis Vuitton shops […]

Reported by U.S. Department of the Treasury In order to ensure efficient regulation that appropriately balances costs and benefits, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) today is announcing its intention to postpone the effective date of the final rule establishing Anti-Money Laundering/Countering the Financing of Terrorism Program and Suspicious Activity Report […]

Reported by The Wall Street Journal and Private Detective Tom Simon Video 1: Why you need account activity reviews for transfers between related accounts Video 2: Why we need to apply KYC in real estate transactions

Reported by Corinne Ramey (Excerpt featured below. To read full report, go to: https://www.wsj.com/us-news/law/battling-tariff-fraud-is-a-little-known-front-in-trumps-trade-war-297d49b7?mod=Searchresults_pos1&page=1) At the same time, the Justice Department’s shifting white-collar priorities to pursue tariff and customs-related cases more aggressively have helped create a perfect storm for more trade enforcement. And lawyers say they have seen a sharp increase in calls from whistleblowers […]

Reported by Charles Paikert (Summary featured below. To read full report, go to: https://www.familywealthreport.com//printarticle.php?id=205003) New AML Rule Brings Major Compliance Overhaul for RIAs A significant regulatory deadline looms for Registered Investment Advisors (RIAs) managing over $110 million in assets. Effective January 1, 2026, the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) will require these firms […]

Opportunities, Risk, and Responsible Implementation Reported by IBM Consulting Agentic AI is redefining the future of financial services. Unlike traditional AI or rule-based automation, Agentic AI systems are autonomous software agents that plan, reason, and act independently to accomplish complex tasks. Powered by large language models (LLMs), these agents are capable of orchestrating workflows, making […]

Reported by Matthew Goldstein (Excerpt shared below. To read full report, go to: https://www.nytimes.com/2025/07/17/business/epstein-banks-wyden-trump.html) President Trump and his administration want to move on from Jeffrey Epstein, the disgraced financier and sexual offender, who once associated with some of the world’s richest and most powerful people. Some of Mr. Trump’s most loyal supporters insist there is […]