Financial Crime
Understand emerging money laundering methods, fraud schemes and financial crime threats. Topics include shell companies, nominee arrangements, trade-based money laundering, sanctions evasion, terrorist financing, proliferation financing, virtual assets and cross-border criminal networks.
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OFAC Sanctions Hamas Financing Network Using Sham Charities and Cryptocurrency
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned members of a Hamas financing network that Treasury says used ostensibly…
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OFAC Sanctions Hamas Financing Network Using Sham Charities and Cryptocurrency
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on October 2, 2026 designated a member of Hamas’s military wing, two France-based…
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Massachusetts Man Convicted of Laundering $1.2 Million in Romance Scam Proceeds
A federal jury in New Jersey has convicted Manaseh Mintah, 43, of Dracut, Massachusetts, for laundering approximately $1.2 million obtained through internet-enabled romance scams. According…
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Former Restaurant Cooperative CEO and Brother Charged in Alleged $80 Million Bribery and Money Laundering Scheme
A federal grand jury in the Southern District of Florida has charged former restaurant-chain purchasing cooperative chief executive Janet Risi Field and her brother, Steven…
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California Tech Company Owner Charged in Alleged $300 Million GPU Server Export and Money Laundering Scheme
U.S. authorities arrested California technology company owner Greg Lui on October 1, 2026 on a three-count federal indictment alleging a scheme to smuggle more than…
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U.S. and French Authorities Target Alleged Cross-Border Terrorist Financing and Money Laundering Network
U.S. authorities announced on October 2, 2026 the unsealing of an indictment charging Saleem Alzaq and the arrests of Omar Adhami, Abdel Adhami and Raed…
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Former U.S. Congressman David Rivera Sentenced to 10 Years in Venezuela Lobbying and Money Laundering Case
Former U.S. Congressman David Rivera was sentenced on October 2, 2026 to 10 years in federal prison after a jury convicted him of secretly acting…
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Singapore Police Investigate 259 Suspected Scammers and Money Mules Linked to S$5.2 Million in Losses
Singapore Police are investigating 259 people for suspected involvement in scams as scammers or money mules following a two-week islandwide enforcement operation conducted from 10…
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Turkey Revokes Papel Electronic Money Licence Amid Ongoing Money-Laundering Case
Turkey’s central bank has revoked the operating licence of Papel Elektronik Para ve Ödeme Hizmetleri A.Ş., an electronic-money and payment-services company that is also the…
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UK FCA Finds 238,396 Suspected Money Mule Accounts Closed in 2025
The UK Financial Conduct Authority (FCA) has published new findings on money mule activity, reporting that regulated firms closed 238,396 suspected mule accounts in 2025.…
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