FinCEN Issues Advisory Warning Banks on Payroll Fraud Tied to Migrants
FinCEN and other U.S. regulators on Friday issued a joint advisory warning banks to be alert to payroll fraud and identity-theft schemes connected to the employment of undocumented migrants, citing more than $2.5 billion in suspicious activity reported to the bureau in 2025.
SPOTLIGHT
U.S. Terrorist Label for Brazil Gangs Risks Higher Business Costs
Dutch Cocaine Kingpin Sheltering in Sierra Leone Allegedly Organized Shipment Seized in Record Bust
Ex-FirstEnergy Executives Reindicted in Ohio in $60 Million Corruption Scheme
Key U.S. House Committee Preparing Legislation to Forge Crypto Tax Structure
Trump Cuts Off Funds to Hawaii Medicaid Fraud Unit over Lack of Cases
ILLICIT FINANCE
Danish Prosecutors Seek Record Penalty for Alleged AML Failures at Nordea
Kushner Seaside Resort Prompts Asset Freezes and Protests in Albania
FINMA Issues New AML Guidance after Finding Firms Are Mishandling Risks
FCA Warns Premier League Clubs Over Unauthorized Crypto and Trading Sponsors
SANCTIONS
OVERSIGHT
DOCUMENTS
FCA: Simpler Climate Reporting Rules Could Save Firms £20m Annually
Joint Advisory on Non-Work Authorized Populations and Their Employers and Risks to the Integrity of the U.S. Financial System
FinCEN Asks Financial Institutions to Detect and Report Illicit Activity Related to Illegal Aliens
Economic Fury Targets Iranian LPG Smuggling and Shadow Banking Networks
PSI Senator Sends Letter to Tether Seeking Answers on USDT’s Ties to Iranian and Russian Money Laundering
CRYPTO
CFTC Seeks to Vacate Gemini’s $5mn Enforcement Following Winklevoss Ask
BIS and Banks Will Soon Begin Testing Blockchain-Backed Payments Platform
Major Crypto Firms Worked with Bitcoin ATM Operators Tied to Scams
UK Sanctions Crypto Networks for Allegedly Helping Russia Skirt Sanctions
Sinaloa Networks Sanctioned for Fentanyl Trafficking, Crypto Laundering
TECH
Conviction of Ex-Austrian Agent Turns Another Page in Wirecard ‘Spy Novel’
Bitcoin Depot Files for Bankruptcy, Shuts Down After Regulatory Crackdown
SCB to Replace ‘Lower-Value Human Capital’ in Risk and Compliance with AI
In the Age of Mythos, Cyberattacks Could Hit State and Local Targets Hardest
RISK MANAGEMENT
Panama Seeks to Shed a Bad Reputation with New Shell-Company Tax
Panama has enacted a 15 percent tax on corporations without domestic activities, targeting shell companies used by wealthy foreigners to shield profits earned abroad, as the country seeks to shed its tax-haven reputation and exit a European Union blacklist.
Emerging Threats
LEGAL MATTERS
BRIBERY & CORRUPTION
The Pentagon Gave a $620-Million Loan to Startup Linked to Donald Trump Jr.
A senior White House adviser personally directed the Pentagon to extend a $620 million loan to Vulcan Elements, a North Carolina rare-earth magnet startup partly owned by a venture firm tied to Donald Trump Jr.
SCAM CENTERS
Landmark Siemens Case Drove Shift in Enforcement of Foreign-Bribery Laws
Countries where bribes were paid have become the primary drivers of major cross-border bribery enforcement, according to a new OECD report that documents nearly two decades of coordinated multinational prosecutions.
FRAUD
Baltic FIUs Warn Client Migration Concentrated AML Risks at Single Digital Bank
Organized Crime Groups and Money Launderers Join the Pokémon Card Craze
Unlike the Marquis, France’s Biggest Ponzi Schemer Avoids Prison
Spain’s Ex-PM Zapatero Charged with Money Laundering
More in Certain Risk
China Launches Biggest Crackdown on Capital Flight in Decades
Italy Seizes over €200 Million in Assets from Deceased Costra Nostra Boss
FCA Sees Industry Weaknesses in Sanctions Due Diligence, Trade Compliance
Hong Kong Is Now the World’s Largest Hub of Offshore Wealth
Russian Airlines Rely on a Shadow Supply Chain for Boeing and Airbus Parts
