AML

Guernsey’s government is weighing new transparency rules that would let approved applicants access information on the beneficial owners of companies registered on the island.

Autonomous AI “agents” that can initiate and execute transactions without real-time human input are compressing the timelines that anti-money laundering (AML) compliance teams and law enforcement rely on to detect and stop illicit crypto activity.

The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) on Thursday proposed a Section 311 “special measure” that, if finalized, would cut MBaer Merchant Bank AG off from the American financial system.

A senior Treasury Department official is preparing to resign after privately raising objections to a White House-backed initiative aimed at alleged fraud tied to the Somali immigrant community in Minnesota.

Germany will overhaul its core federal security agencies and deploy artificial intelligence as part of a crackdown on organized crime, related money laundering, and other financial crimes, Reuters reported Wednesday. 

Newly released U.S. Justice Department emails and documents offer a deeper look at Jeffrey Epstein’s unusual relationship with JPMorgan Chase & Co. and Deutsche Bank AG courted, reports by Bloomberg and the Financial Times show. 

The White House may soon call on U.S. banks to collect and report citizenship data on their customers as part of the Trump administration’s crackdown on undocumented immigrants, according to new reporting by The Wall Street Journal. 

A 42-year-old American citizen suspected by French investigators of leading a vast international money laundering network known as “Dark Bank” has been extradited from the United States to France, Le Monde reported.

Binance internal investigators found last year that about $1.7 billion in cryptocurrency flowed from two accounts on the exchange to Iranian entities with links to terrorist groups, raising potential violations of global sanctions.

Jeffrey Epstein held a retail current account and a savings account at BNP Paribas from 2008 until mid-2018, according to documents released by the U.S. Justice Department and reported by Le Monde.