Category: US

Page 5/40

Premium

MEXICO CARTELS: New FinCEN alert forces California and Texas money service businesses (MSBs) to notify all cash transactions from $200

AML Bitcoin CEO convicted of $2M fraud and money laundering scheme

Premium

NEWS: US banks can hold crypto, OCC confirms

Premium

NEWS: US fraud losses soared to $12.5B in 2024, FTC reports

Premium

NEWS: US Senators demand Treasury explain neutering of beneficial ownership reporting (BOI)

NEWS: Garantex, notorious Russian crypto exchange, taken down by US

Premium

LATEST: Trump warns of new US banking sanctions on Russia

Premium

NEWS: FCC professionals ‘must do the next right thing’ as US regulatory rowback ‘is temporary’, fincrime expert tells WiFC Summit

Premium

NEWS: SEC drops lawsuit against crypto exchange Kraken

Premium

NEWS: US consumer watchdog CFPB drops string of enforcement cases

Premium

OPINION: Why the US neutering beneficial ownership (BOI) rules is a win for criminals

Premium

BREAKING: US Treasury suddenly drops beneficial ownership (BOI) reporting rules; will only apply to foreign businesses

Premium

LATEST: No fines for missing US beneficial ownership (BOI) March 21 cut off, deadline to be extended again

...

...

Memorandum of Understanding between OFAC and the Swiss State Secretariat for Economic Affairs
OFAC
May 16, 2025
The Department of the Treasury's Office of Foreign Assets Control (OFAC) has published its Memorandum of Understanding with Switzerland's State Secretariat for Economic Affairs (SECO).
Crime group used light aircraft to smuggle cocaine haul to UK
National Crime Agency
May 16, 2025
A qualified pilot used his light aircraft in a bid to smuggle cocaine into the UK. Pilot Anastasios Balian, 52, and accomplice Errol McCardo Weir, 48, admitted trying to bring 30kg of the Class A drug into the country, following a National Crime Agency investigation. On 20 March this year, they were stopped by Border Force officers at North Weald airfield in Epping, Essex, after landing from Belgium via Calais. Officers searched the small plane and discovered a concealment had been built into the rear seats. Inside it were 30 1kg blocks of cocaine with a street value of about £2.4m.
£2m fine for online operator Spreadex Limited
Gambling Commission
May 16, 2025
A gambling business will pay a £2,022,000 penalty after a Gambling Commission investigation revealed Anti-Money Laundering (AML) and social responsibility failings.
Spreadex Limited – which operates from Spreadex.com – will also have to undergo a third-party audit to ensure it is effectively implementing its anti-money laundering and safer gambling policies, procedures and controls. The failures were revealed during a compliance assessment in July 2023 and relate to the operator’s Gambling Commission licence to offer casino and fixed odds betting.