Oversight Agency

The U.S. Financial Crimes Enforcement Network (FinCEN) on Monday issued an advisory urging banks and other financial institutions to step up detection and reporting of healthcare fraud tied to Medicare, Medicaid and other public health benefit programs.

Hungary has recovered and returned less than a fifth of EU funds flagged for potential fraud over the past decade, according to data from the bloc’s anti-fraud watchdog reported by the Financial Times. 

Iranian-linked wealth has continued to find its way into London property despite years of Western sanctions, with luxury homes, apartments, and a boutique hotel tied to figures accused by British and U.S. authorities of supporting Tehran’s sanctions-evasion networks.

The Trump administration is weighing whether to designate Brazil’s two largest drug gangs as terrorist organizations, a step that could expand the U.S. sanctions toolkit to include financial restrictions on the groups and their associates.

The Federal Trade Commission has warned four of the largest payment processors against denying customers access to financial services because of their political or religious views.

UBS AG processed an $8-million transfer for Ghislaine Maxwell in late 2019 that ultimately helped fund the cash purchase of the New Hampshire estate where she later went into hiding before her 2020 arrest.

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.

A bipartisan pair of U.S. senators is set to introduce legislation that would seek sanctions on senior Hungarian officials involved in blocking aid to Ukraine and maintaining the country’s reliance on Russian energy.

An entrepreneur who used ties to prominent academics to raise nearly $27 million for a cluster of startups ran what U.S. regulators described as an “IP-rich” and “Ponzi-like” scheme that recycled new investor money to repay earlier backers while funding a lavish personal lifestyle.

Binance failed for months to cut ties with a payment-processing vendor despite a series of red flags that pointed to possible sanctions evasion and money laundering involving transfers later linked to Iran.