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Britain has expanded its crackdown on Southeast Asia’s scam economy by sanctioning Xinbi, a Chinese-language crypto marketplace that officials say helped service scam centers, along with Legend Innovation Co., the operator of Cambodia’s “#8 Park” compound, and six individuals allegedly tied to the network.

It was a tiny Swiss bank, headquartered in an open-plan office close to Lake Zurich and little known abroad. But MBaer Merchant Bank AG would sometimes charge clients 10 times the normal rate to process payments.

ING plans to cut about 1,250 jobs worldwide this year under a cost-saving program that will rely more heavily on artificial intelligence, with many of the reductions expected in anti-money-laundering operations.

Digital money transfers have overtaken cash for the first time in the U.S.-to-Mexico remittance corridor, marking a shift in the world’s largest flow of cross-border family payments and intensifying pressure on traditional cash-based providers.

A UK parliamentary committee warned on Wednesday that weaknesses in Britain’s political finance regime leave it vulnerable to illicit foreign funds, and said enforcement remains too fragmented and underpowered to deter abuse.

Three class-action lawsuits have been filed in the wake of federal charges against Christopher Delgado, the founder and former chief executive of Goliath Ventures, including one case accusing JPMorgan Chase of helping enable an alleged $328-million crypto- Ponzi scheme.

TradeStation Securities agreed to pay $1.11 million to settle potential civil liability for 481 apparent violations of U.S. sanctions rules after the Florida-based brokerage provided services to people in Iran, Syria, and Crimea.

Binance internal investigators identified VIP accounts they said helped channel more than $1 billion to wallets tied to Iran-linked entities, including one account registered to a 79-year-old Chinese resident and another linked to a suspected Iranian gold smuggler.

Fraud in the UK reached a record level in 2025, with 444,993 cases filed to the National Fraud Database, according to Cifas’s latest Fraudscape 2026 report. 

FinCEN said Tuesday it has expanded a geographic targeting order (GTO) along the Southwest border, extending the measure into New Mexico for the first time and adding Maricopa and Pima counties in Arizona.