Reported by IRS Criminal Investigation (Excerpt shared below. To read full report, go to: https://www.irs.gov/compliance/criminal-investigation/irs-ci-reveals-top-10-cases-of-2025) From tax evasion to cybercrime, IRS Criminal Investigation’s (IRS-CI) top cases of 2025 resulted in multiyear prison sentences and multimillion dollar financial settlements, highlighting the most significant criminal sentencings of year. “Financial trails are criminals’ downfall. This year’s top 10 […]

Reported by Matt Levine (Summary version featured below. To read full report, go to: https://www.bloomberg.com/opinion/newsletters/2025-11-17/private-markets-are-the-new-securities-fraud?embedded-checkout=true) Matt Levine argues that two long-running realities of U.S. finance are colliding: “everything is securities fraud” and “private markets are the new public markets.” Public companies face near-automatic lawsuits whenever bad news emerges, while private companies historically avoid that exposure […]

Reported by David EnrichSteve EderJessica Silver-Greenberg and Matthew Goldstein (Summary version featured below. To read full report, go to: https://www.nytimes.com/2025/12/16/magazine/jeffrey-epstein-money-scams-investigation.html) The Times investigation traces how Jeffrey Epstein built his fortune not through financial brilliance or secret intelligence work, but through a long pattern of deception, manipulation, and exploitation of elite networks. Beginning as a college dropout teaching […]

Reported by Erin Slowey (Excerpt shared below. To read full report, go to: https://news.bloombergtax.com/daily-tax-report/irs-criminal-division-identified-4-5-billion-in-tax-fraud) The IRS’s crime unit discovered about $4.5 billion in tax fraud in fiscal 2025 — a 111.8% increase from the previous year, a new division report said.  Of the $10.59 billion in financial crimes the IRS’s criminal investigation division identified, tax […]

Reported by Iran International (Excerpt shared below. To read full report, go to: https://www.iranintl.com/en/202512161745) Iran’s central bank said on Tuesday it had blocked bank the accounts of over 250 people suspected of money laundering a sum amounting to $1.6 billion, as the country attempts to consolidate its financial system amid harsh sanctions. Central bank spokesperson […]

Reported by FACT Coalition (Excerpt shared below. To read full report, go to: https://thefactcoalition.org/court-upholds-landmark-anti-money-laundering-law/) Today, the U.S. Court of Appeals for the 11th Circuit reversed a lower court decision in NSBU v. U.S. Department of the Treasury, finding in favor of the Corporate Transparency Act (CTA). This landmark anti-money laundering law requires certain U.S. entities to […]

Reported by Evelina Youcefi (Excerpt shared below. To read full report, go to: https://www.bloomberg.com/news/articles/2025-12-15/danske-bank-says-doj-probation-over-estonia-scandal-has-ended) Danske Bank A/S said its corporate probation with the U.S. Department of Justice has ended, marking the final step in resolving one of Europe’s biggest money-laundering scandals. The scandal has “profoundly shaped our organization and transformed our culture,” Danske Chief Executive Officer Carsten Egeriis […]

Reported by Tara Siegel Bernard (Summary shared below. To read full report, go to: https://www.nytimes.com/2025/12/12/business/tech-support-scam-bank-fraud.html) What began as a routine attempt to fix an iPad spiraled into a devastating financial loss for David Welles, an 87-year-old retired lawyer. Searching Google for Microsoft tech support, he instead reached a sophisticated scammer who persuaded him to install […]

Reported by Danny Park (Excerpt shared below. To read full report, go to: https://www.theblock.co/amp/post/381820/22-year-old-guilty-crypto-syndicate. To read indictment, go to: https://www.justice.gov/usao-dc/media/1420391/dl) The U.S. Justice Department announced today that a key figure in a $263 million social engineering scheme has pleaded guilty to charges. Before U.S. District Court Judge Colleen Kollar-Kotelly, California resident Evan Tangeman, 22, admitted guilt to […]

Reported by U.S. Department of the Treasury (Excerpt shared below. To read entire remarks, go to: https://home.treasury.gov/news/press-releases/sb0276) I am also optimistic about AML/CFT reform.  In my meetings with community bankers, they list CTR filings, structuring SARs, and process-focused examinations among their top concerns. Today, FinCEN released FAQs to address pain points on some of these […]