Reported by Alex Vasquez (Excerpt shown below. To read full report, go to: https://www.bloomberg.com/news/articles/2025-07-01/mexico-passes-anti-money-laundering-bill-after-us-accuses-banks?embedded-checkout=true) Mexican lawmakers approved a bill designed to better clamp down on money laundering, days after the US Treasuryaccused three local financial firms of facilitating transactions of companies linked to drug trafficking. The reform of a law to prevent and identify operations carried […]

Reported by Owen Walker and Arjun Neil Alim (Excerpt show below. To read full report, go to: dc72d6163dcd) Liquidators who are trying to recoup billions of dollars siphoned initially from Malaysia’s sovereign wealth fund are seeking more than $2.7bn from Standard Chartered, in a lawsuit filed against the UK-headquartered bank over its alleged role in the scandal. […]

Reported by Vivian Nereim (Excerpt shown below. To read full report, go to: https://www.nytimes.com/2025/06/30/world/middleeast/gulf-states-invest-syria-iran.html) The Gulf states have moved quickly to aid and invest in Syria after the sudden collapse of the country’s dictatorship, sensing a new opportunity to expand their influence in the Middle East. The ousted president of Syria, Bashar al-Assad, was long […]

Reported by FinCEN (Summary version featured below. To read entire order, go to: https://www.fincen.gov/sites/default/files/2025-06/CIP-TIN-Exemption-Order-final508.pdf) 1. A New Era for TIN Collection in CIP On June 27, 2025, the OCC, FDIC, and NCUA—with FinCEN’s concurrence—issued a joint Order that broadens the existing CIP Rule exception on Taxpayer Identification Number (TIN) collection.  Under this Order, covered banks […]

Reported Molly Palmer and Megan Kelly Defense Attorney Molly Parmer shared her take on the Sean Combs (aka Diddy) trial: ‘Freak-offs’ aren’t illegal — but RICO is a federal offense. Podcast reporter Megyn Kelly said Diddy should be convicted. What’s your take?

Reported by Robin Pogrebin (Excerpt shown below. To read full report, go to: https://www.nytimes.com/2025/06/29/arts/design/lady-gaga-art-dispute.html) The email was signed “Stefani Germanotta,” Lady Gaga’s real name. The email address, ladyandkoji@gmail.com, referred to one of the pop singer’s beloved French Bulldogs, Koji. “I am such a huge fan of your work,” said the email to Emma Webster, a Los […]

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 […]