AML

Toronto-Dominion Bank has told some anti-financial-crime and risk-management employees it will use software to monitor their work, prompting privacy and consent concerns.

The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) and four federal banking regulators proposed a rule on Wednesday that would require permitted payment stablecoin issuers to maintain customer identification programs under the GENIUS Act’s anti-money-laundering (AML) framework.

Treasury Secretary Scott Bessent on Friday called on banks to serve as partners in the federal government’s effort to combat payroll fraud, labor exploitation, and other financial crimes tied to undocumented workers.

Officials from Ukraine’s National Anti-Corruption Bureau searched the country’s State Financial Monitoring Service as part of an investigation into the agency’s head, Filip Pronin, a suspect in a multimillion-dollar embezzlement scheme.

Human trafficking for the purpose of forcing victims to commit crimes is rising across Europe and demands urgent government action to protect victims and prevent their prosecution, the Council of Europe’s Group of Experts on Action against Trafficking in Human Beings said Friday in its 15th annual report.

U.S. prosecutors have charged two men based in the Republic of Georgia with running AudiA6, a cryptocurrency money laundering service alleged to have processed more than $389 million, following a coordinated international takedown of the operation’s infrastructure.

The Isle of Man, which built online gambling into one of the largest pillars of its economy, is grappling with a sprawling scandal after one of its flagship licensees was linked to scam operations run from the island.

Criminal syndicates have embedded themselves so deeply in the global gold supply chain that the regulatory frameworks designed to contain them are fundamentally inadequate, according to a new report by the Global Initiative Against Transnational Organized Crime (GI-TOC).

Morocco’s Banque Centrale Populaire (BCP) has agreed to pay €175,215,571 to settle a Belgian criminal investigation into the bank and its French subsidiary over nearly two decades of alleged unauthorized banking operations serving tens of thousands of Belgian clients.

The arrest of bank employees with alleged ties to Venezuela’s Tren de Aragua criminal organization has reignited debate over Chile’s financial secrecy rules, which are among the most restrictive in the world.