German Banks Step Up Account Freezes of Russian and Belarusian Clients
Multiple major German banks have abruptly frozen the accounts of Russian and Belarusian nationals living in Germany, demanding fresh proof of residency and leaving long-term customers without access to their money.
SPOTLIGHT
California Mayor Admits to Being a China Agent After Probe
Australia Watchdog Says Money Launderers Ramping Up AI for Scams
U.S. Sanctions More Entities, Individuals Over Iran Oil Sales
JPMorgan and the Delicate Art of Paying Off Employees
The U.S. Tied His Bank to Iran Proxies. Now He’s Trump’s Choice to Run Iraq.
ILLICIT FINANCE
SANCTIONS
OVERSIGHT
DOCUMENTS
CRYPTO
How UK High-Street Shops Serve as ‘Hidden’ Front for Crime Groups
Iran’s Largest Crypto Exchange Is Closely Tied to Nation’s Elite
Trump’s Crypto Firm Struck Deal with Network Tied to Blacklisted Scam Group
Tether Freezes $344mn in USDT in Coordination with OFAC
Explainer: What’s in the EU’s 20th Russia Sanctions Package?
TECH
RISK MANAGEMENT
Brazilian Senator and Bolonaro Ally Tied to Banco Master Scandal
Brazilian federal police are targeting Senator Ciro Nogueira, a powerful ally of former President Jair Bolsonaro, as part of an expanding probe into the failed Banco Master.
Fighting Drug Cartels is Now Centerpiece of U.S. Counterterrorism Strategy
FATF Sees Progress, Gaps, and Growing Risks in Latest Singapore MER
Hungarian Police Freeze Accounts of Top Orbán-Era Media Mogul
Chinese Firms ‘Brazenly’ Sell Drone Components Banned by U.S. Sanctions
One of Mexico’s Most Powerful Cartels is Using TikTok to Recruit Members
U.S. to Lift Eritrean Sanctions in Bid to Secure Red Sea Trade Route
Emerging Threats
FRAUD
ING Belgium Pays €1.6mn for Failing to Flag Reynders’ Suspicious Activity
HSBC Books $400-Million Loss to Alleged Private-Credit Fraud
Canada Advances Plan to Create Powerful New Financial Crimes Agency
Greek Government Clashes with EU Prosecutor’s Office over Corruption Probe
BRIBERY & CORRUPTION
Ultra Electronics to Pay Nearly £15mn to Settle UK Bribery Allegations
Britain’s Serious Fraud Office (SFO) on Friday secured a £10 million payment from defense contractor Ultra Electronics after the company accepted responsibility for failure to prevent bribery, the agency said in a statement.
LEGAL MATTERS
Austria Falls Short on Dirty-Money Prosecutions, DNFPB Supervision: FATF
The Financial Action Task Force (FATF) placed Austria in enhanced follow-up after finding the country’s framework for investigating and prosecuting money laundering remains weak more than a decade after similar concerns were first raised.
Cybercrime
U.S. Moves Against Asian Scam Centers, Sinaloa Supply Chain
Cambodia’s Scam Economy Now Rivals Its Formal One
IMF Calls for Stronger Interbank Data-Sharing to Combat Rising Digital Fraud
Telegram Hosts a Sanctioned Marketplace Tied to Child Sex Trafficking, Forced Labor
More in Certain Risk
UK Takes Aim at Russians Who Allegedly Exploited Migrants in Ukraine War
U.S., Gulf Nations Threaten Iran with U.N. Sanctions over Strait Access
Denmark’s FSA Refers Nordea Unit to Police over AML Concerns
China Invokes Counter-Sanctions Law in Response to OFAC Measures
SEC Denies Whistleblower Award to Ex-Deutsche Exec Who Aided ESG Case
