Enforcement

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    AML / KYC

    US Authorities Settles AML Charges with Armoured Car Company

    By Nithya Subramanian | 09/02/2025

    This is FinCEN’s first enforcement against an armoured car company, which admitted to transporting bulk currency between third parties in violation of US law.

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    Enforcement

    Europol Leads Global Operation to Dismantle Cybercrime Forums

    By Thisanka Siripala | 09/02/2025

    Authorities made two arrests, seized 12 domains, and confiscated 17 servers and over 50 electronic devices.

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    AML / KYC

    US Convicts Chinese Nationals for Fentanyl Precursor Shipment

    By Editors | 08/02/2025

    The shipment was arranged by undercover law enforcement agents who pretended to be buyers of the precursor chemicals.

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    Crypto / Digital Assets

    Japan Orders Apple, Google to Block Unregistered Crypto Apps

    By Thisanka Siripala | 08/02/2025

    The FSA is targeting Bybit, MEXC Global, LBank Exchange, KuCoin, and Bitget, which have been operating without proper registration under Japan’s Payment Services Act.

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    Enforcement

    Fed Terminates Wells Fargo Enforcement Actions from 2011

    By Nithya Subramanian | 07/02/2025

    The terminations do not affect the Fed’s 2018 action, which imposed an asset cap that has prevented Wells Fargo from growing.

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    Enforcement

    China Renaissance Founder Facing Possible Prosecution for Corruption

    By Mark Johnston | 07/02/2025

    Bao Fan is alleged to have paid a CNY 20 million sign-on bonus to a former ICBC executive linked to prior dealings.

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    Enforcement

    FINMA Launches Enforcement Proceedings Against Julius Baer

    By Nithya Subramanian | 06/02/2025

    The action is related to control failures that forced the bank to write down significant exposures to a collapsed real estate conglomerate.

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    AML / KYC

    Turkish Money Launderer Arrested in Montenegro After Singapore Deportation

    By Nithya Subramanian | 06/02/2025

    Vang Shuiming was arrested in Montenegro for orchestrating illegal online betting platforms targeting Chinese citizens

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    Enforcement

    Casino Operator SkyCity Settles Australian Tax Probe for A$38m

    By Thisanka Siripala | 06/02/2025

    The dispute stemmed from uncertainty regarding how customer loyalty points used in gaming machines should be taxed.

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    Enforcement

    Korea FSS Finds $268m of Improper Loans at Three Banks

    By Mark Johnston | 05/02/2025

    Woori had improper loans totalling KRW 233.4 billion. Staff at KB Kookmin and NH Nonghyup colluded with brokers to issue fraudulent loans.

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