Former US Officials, Prosecutors
Question Blanche Memo’s True ImpactGetty Images
More News
U.S. investment adviser rule in peril, Dutch shipbuilder faces criminal charges, and more, in the weekly roundup.
April 25, 2025
FinCEN’s Investment Adviser Rule Could Be Scrapped, Again
By Charlie Passut
A long-anticipated rule finalized by the U.S. Treasury Department last year that would extend anti-money laundering obligations to most investment advisers is facing opposition from trade groups and could be delayed or scrapped altogether, according to analysts.
April 24, 2025
Binance advising governments on cryptocurrency rules, MGM Resorts agrees to $8.5 million fine over AML breaches, and more, in the midweek roundup.
April 23, 2025
Liechtenstein Details Global Laundering Scheme Linked to Alleged Drug Trafficker
By Gabriel Vedrenne
FIU Liechtenstein in an annual report outlined a complex money laundering scheme spanning three continents and involving prepaid cards, cryptocurrencies, and an amusement park in the Caribbean.
April 23, 2025
Lawsuit Links Lithuania-Based VASP to Multi-Million Dollar Fraud Scheme
By Chelsea Carrick
Lithuania-based cryptocurrency platform Qbit stands accused by 126 plaintiffs from across the U.S. of conspiring with a group of fraudsters to steal and launder $28 million as part of a global "pig butchering" scheme.
April 22, 2025
Enforcement Actions
The Office of the Comptroller of the Currency issued civil money penalties totaling $150,000 against David Julian and Paul McLinko for their misconduct as former internal auditors at the Sioux Falls, SD-based bank.
April 25, 2025
The Federal Deposit Insurance Corporation issued a consent order against the Wilmerding, PA-based bank that requires it to address unsafe and unsound practices related to weaknesses in board supervision, earnings, capital planning, information technology, and strategic planning.
March 20, 2025
Legs & Regs
DOJ Accuses Eight Foreign Nationals of Smuggling, Illegal Immigration
The U.S. Attorney’s Office for the Northern District of Oklahoma announced the indictment of eight Guatemalan nationals accused of running a human smuggling operation into the United States.
April 25, 2025
US Judge Sentences Man for Laundering Tax Refund Fraud Proceeds
A federal judge sentenced Jerome Brown to five years in federal prison for laundering money stolen through a tax refund fraud scheme that targeted federal and state agencies.
April 25, 2025
DOJ: Former Lab Executives Sentenced for Health Care Kickback, ML Scheme
Federal prosecutors announced that that Stephen Kash and Courtney Love, two former sales executives for a Texas-based laboratory, were sentenced to federal prison for their roles in a health care kickback conspiracy.
April 25, 2025
DOJ: Former Congressman George Santos Sentenced for Fraud, Identity Theft Schemes
Federal prosecutors announced that former U.S. Representative George Anthony Devolder Santos was sentenced to 87 months in federal prison for a range of fraudulent activities, including wire fraud, aggravated identity theft, and unemployment insurance fraud.
April 25, 2025
March 24, 2025
In this episode of Financial Crime Matters, Geoff White, author of three books on illicit finance, and Kieran Beer, editor in chief of ACAMS moneylaundering.com, discuss how hackers managed to steal $1.5 billion of Ethereum from Bybit, a global cryptocurrency exchange.
March 17, 2025
In the latest episode of the Sanctions Space Podcast, Justine and Marshall Billingslea, former U.S. assistant secretary for terrorist financing, discuss the second Trump administration's use of banking-related sanctions against Russia as leverage in negotiations and as a tool to bring "maximum pressure" to bear on Iran, and how financial institutions should prepare. They also discuss Trump's imposition of tariffs as an element of economic statecraft, and his administration's fentanyl strategy.
DATE: 04/28/25 - 04/30/25
LOCATION: Diplomat Resort & Spa,
3555 South Ocean Drive
Hollywood, FL 33019 United States
Hollywood, FL 33019 United States
More News
U.S. investment adviser rule in peril, Dutch shipbuilder faces criminal charges, and more, in the weekly roundup.
April 25, 2025
FinCEN’s Investment Adviser Rule Could Be Scrapped, Again
By Charlie Passut
A long-anticipated rule finalized by the U.S. Treasury Department last year that would extend anti-money laundering obligations to most investment advisers is facing opposition from trade groups and could be delayed or scrapped altogether, according to analysts.
April 24, 2025
Binance advising governments on cryptocurrency rules, MGM Resorts agrees to $8.5 million fine over AML breaches, and more, in the midweek roundup.
April 23, 2025
Liechtenstein Details Global Laundering Scheme Linked to Alleged Drug Trafficker
By Gabriel Vedrenne
FIU Liechtenstein in an annual report outlined a complex money laundering scheme spanning three continents and involving prepaid cards, cryptocurrencies, and an amusement park in the Caribbean.
April 23, 2025
Lawsuit Links Lithuania-Based VASP to Multi-Million Dollar Fraud Scheme
By Chelsea Carrick
Lithuania-based cryptocurrency platform Qbit stands accused by 126 plaintiffs from across the U.S. of conspiring with a group of fraudsters to steal and launder $28 million as part of a global "pig butchering" scheme.
April 22, 2025
Enforcement Actions
The Office of the Comptroller of the Currency issued civil money penalties totaling $150,000 against David Julian and Paul McLinko for their misconduct as former internal auditors at the Sioux Falls, SD-based bank.
April 25, 2025
The Federal Deposit Insurance Corporation issued a consent order against the Wilmerding, PA-based bank that requires it to address unsafe and unsound practices related to weaknesses in board supervision, earnings, capital planning, information technology, and strategic planning.
March 20, 2025