Reported by George Tsagkarakis (Summary featured below. To read full report, go to: https://egamers.io/the-kyc-file-binance-handed-moscow-how-a-700-ukraine-donation-became-a-terrorism-case/) A Russian IT specialist, Yuri Belenkiy, has been jailed since September 2025 and is awaiting trial over more than $700 in cryptocurrency donations to Ukraine. According to Russian investigators, the payments were made between January 2023 and March 2024 following an […]

On August 13, 2026 , the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a  Financial Trend Analysis showing that financial institutions flagged nearly $5 billion linked to suspected human smuggling over a three-year period. The report, which analyzed patterns and trends identified in Bank Secrecy Act (BSA) data between 2023 and […]

(To buy book, go to: “Billion Dollar Whale“) The book “Billion Dollar Whale,” by Wall Street Journal reporters Tom Wright and Bradley Hope, is not just a financial crime thriller, it is arguably the most instructive case study of the last decade for anyone in compliance. The book traces how Jho Low, a young Malaysian […]

Reported by Ella Lee (Excerpt shared below. To read full report, go to: https://www.ft.com/content/145f1b61-0a68-45b4-afb8-62fc74381ce4?syn-25a6b1a6=1) The US Department of Justice is overhauling its approach to white-collar crime enforcement, shifting staff and resources to a new division targeting fraud against the government and theft of taxpayer dollars. The pivot comes as the justice department has softened its approach to […]

Reported by Lourdes Medrano (Excerpt shared below. To read full report, go to: https://www.theguardian.com/us-news/2026/aug/11/us-mexico-border-area-money-transfer-rule-change-small-businesses) Last April, the Trump administration rolled out its latest tool in the fight against Mexican cartels: an aggressive crackdown on money transfers near the US-Mexico border. The administration said that, in an effort to stop money laundering and other illicit activity, it would now […]

Reported by FinCEN The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) is issuing a final rule that permanently removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information to FinCEN under the Corporate Transparency Act.  The final rule is effective on its publication in the Federal Register. FinCEN today also announced that […]

Reported by Alexander Osipovich (Summary shared below. To read full report, go to: https://www.wsj.com/world/russia/russias-hottest-startup-is-a-state-backed-sanctions-evasion-network-7afc488c?mod=mhp) A7, a Russian payment network launched less than two years ago, has rapidly become an important channel for moving money into and out of Russia despite Western sanctions. The company says it now handles nearly 20% of Russia’s foreign-trade payments, or […]

Reported by Eliot Brown and Vladimir Karaj (Summary shared below. To read full report, go to: https://www.wsj.com/world/europe/jared-kushner-albania-shehu-drug-investigation-95391263?mod=mhp) A luxury resort project backed by Jared Kushner is facing growing controversy after prosecutors accused a businessman who sold land to the development group of playing a leading role in an international cocaine-trafficking and money-laundering operation. Artur Shehu, who […]

Reported by Martin Arnold (Summary shared below. To read full report, go to: https://www.ft.com/content/0edbd013-dc35-494b-b7e7-9a745af01c9d?syn-25a6b1a6=1) The U.K. Financial Conduct Authority is stepping up scrutiny of unregulated lenders and other financial firms after the collapse of Market Financial Solutions raised concerns about fraud and weaknesses in asset-backed lending. The FCA said it plans to seek information from […]

Reported by The New Arab Staff & Agencies (Excerpt shared below. To read full report, go to: https://www.newarab.com/news/uae-extradites-suspected-cartel-boss-ireland?amp) Authorities in the United Arab Emirates handed over alleged transnational cartel boss Daniel Kinahan to face trial in Ireland, the Gulf country’s official media reported on Sunday. The 49-year-old Irishman allegedly ran a group out of Dubai that has been linked […]