U.S. Drug Prosecutions Fall to Decades Low as Money-Laundering Cases Plummet: Report
U.S. federal prosecutions for drug crimes have fallen to their lowest level in decades this year after the Trump administration redirected agents to immigration enforcement, according to a Reuters analysis.
Chinese Crypto-Launderer Pleads Guilty in London Court
A woman accused of running a multibillion-pound investment fraud in China has pleaded guilty in London to laundering bitcoin linked to the scheme.
Ex–Nodus Chair Pleads Guilty to $13.6 Million Fraud
The former chairman of the board at Puerto Rico–based Nodus International Bank, pleaded guilty to conspiracy to commit wire fraud for his role in a $13.6-million scheme that contributed to the institution’s 2023 collapse.
Ex–Ronald McDonald House Director Charged with Stealing from Charity
The former executive director of Ronald McDonald House Charities of Marshfield, Wisconsin, has been charged with taking over $100,000 from the nonprofit.
Singapore Convicts Two in Wirecard Forgery Case
A Singapore court on Monday convicted two businessmen of falsifying documents that misled auditor EY into believing Wirecard held substantial cash in Singapore bank accounts.
Georgia’s Ex-Defense Minister Detained for Money Laundering, Abuse of Office
Georgia’s ex‑Defense Minister Juansher Burchuladze has been arrested on charges of money laundering and abuse of power, OCCRP said.
Mexico Launches Crackdown on Cross-Border Fuel Theft
Mexico’s attorney general has vowed to issue more arrest warrants—potentially targeting government officials—in connection with sprawling fuel theft operations that siphon billions of dollars from the country.
JPMorgan Chase Ignored Years of Epstein Red Flags: NYT
JPMorgan Chase processed more than $1.1 billion in transactions for Jeffrey Epstein over a 15-year period, despite repeated anti-money laundering (AML) red flags raised internally, according to an investigative report by The New York Times.
OFAC Blacklists Cyber Scammers in Southeast Asia
The U.S. Treasury Department on Monday blacklisted 19 entities linked to large cyber-scam compounds in Southeast Asia that have targeted Americans in romance and cryptocurrency-investment swindles.
Watchdog Calls for New Beneficial Ownership Standards in UK Territories
The UK should standardize beneficial-ownership requirements across its Overseas Territories and Crown Dependencies, an international watchdog group said.