Blacklisted by OFSI, Iran Banker Lives in Spanish Villa Bought with UK Firm
An Iranian banker sanctioned by Britain for allegedly helping finance the Islamic Revolutionary Guard Corps (IRGC) owns a luxury villa in Marbella through the Spanish subsidiary of a UK company.
JPMorgan Hit With Class-Action Suit Over Alleged Crypto-Ponzi Scheme
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.
SEC Enforcer Leaves Agency After Little Over 6 Months on the Job
The U.S. Securities and Exchange Commission (SEC) said on Monday that Judge Margaret Ryan has stepped down as director of its Division of Enforcement after little more than six months on the job.
FL Brokerage to Pay $1.1mn for Failing to ID Human Error in Sanctions Controls
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.
Australia’s Worsening Mortgage Fraud Scandal Spurs Talk of AML Changes
Major Australian banks are working with the country’s financial-crimes watchdog to assess the scale of an alleged mortgage fraud scheme that may extend well beyond an earlier A$1 billion estimate.
Viktor Orban and the Palatial Hapsburg Manor He Says He Doesn’t Own
Hungary’s long-serving Prime Minister Viktor Orbán is facing mounting political pressure ahead of an April 12 election as a sprawling estate in his home village becomes a flashpoint for opposition claims of corruption.
Bank of America Aims to Settle Lawsuit Brought by Epstein Victims
Bank of America has agreed in principle to settle a proposed class action lawsuit brought by Jeffrey Epstein’s victims ,who accused the lender of aiding the late financier’s sex-trafficking operation.
Interpol Fraud Notices Rose More than 50 Percent in 2025
Global financial fraud cost an estimated $442 billion in 2025 and is set to worsen over the next three to five years as artificial intelligence lowers barriers for criminals and scam-center operations spread far beyond Asia, according to INTERPOL’s latest global threat assessment.
Singapore Warns on Money-Laundering Risks of Variable Capital Companies
Singapore’s financial regulator has warned fund managers that a popular low-tax investment structure introduced to attract offshore capital could be exploited for money laundering.
Prominent UK Polo Patrons Tied to Alleged Illicit Funds at Shuttered Swiss Bank
U.S. officials have linked two prominent figures in English polo to an alleged scheme to launder proceeds from the illicit sale of Venezuelan oil, according to a Financial Times report that cited a recent Treasury Department notice about the now-defunct Swiss lender MBaer Merchant Bank.