Covered Institutions

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned eight individuals and two entities allegedly tied to laundering illicit proceeds from DPRK cybercrime and overseas IT work. 

Blacklisted charities affiliated with Hezbollah have been directing supporters to send money through Lebanon’s booming digital payments sector, routing contributions to wallets held by private individuals rather than official charity accounts, the Financial Times reported.

British authorities have seized more than £12 million ($15.6 million) worth of fossilized dinosaur bones as part of a court-approved settlement with Chinese national Su Binghai, a suspect in a sprawling money-laundering scandal that has reverberated from Singapore to London, Bloomberg said. 

Brazil’s central bank is changing how capital requirements are calculated for financial institutions following a recent spate of probes into organized crime groups exploiting the services offered at Fintech firms, Bloomberg reported. 

Federal prosecutors examined Jeffrey Epstein for money laundering and operating an unlicensed money-transmitting business in 2007, according to emails from the deceased sex trafficker’s personal Yahoo account obtained by Bloomberg.

Federal Reserve officials plan to shrink the regulatory body’s bank-supervision workforce by roughly 30% by the end of next year, leaving roughly 350 employees in the Supervision & Regulation (S&R) division, according to an internal memo reviewed by The Wall Street Journal.

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) on Thursday blacklisted a Mexican human-smuggling ring, imposing sanctions against four individuals and 16 companies it says helped illegally migrate to the United States.  The Cancun-based Bhardwaj Human Smuggling Organization has illicitly transported thousands of people from Europe, the Middle East, South America, and Asia […]

Al Qaeda’s West Africa affiliate is edging toward a historic first: control of a national capital. JNIM have tightened a monthslong blockade of Bamako, choking off fuel and food in a strategy European security officials describe as a creeping takeover rather than an all-out assault.

Portuguese authorities are examining more than 20 individuals linked to a Novo Banco SA real-estate transaction after a fresh round of raids on the bank, according to multiple news reports. 

Australia’s financial crimes watchdog has fined a second crypto ATM provider in a widening crackdown on machines increasingly linked to money laundering and scams, the country’s ABC News reported.