Financial Crime

Fraud, Scams & Cybercrime

Australia Publishes Guide on Scams Prevention Framework

By Manesh Samtani | 09/02/2025

The guide explains the steps banks, telcos and digital platforms would be expected to take to prevent, detect and disrupt scams.

PEPs & Sanctions

US Pressure Forces Panama to Quit Belt and Road Initiative

By Editors | 09/02/2025

US Secretary of State Marco Rubio reportedly threatened “necessary measures” against Panama if it did not reduce Chinese influence in the Panama Canal.

Anti-Money Laundering

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.

Fraud, Scams & Cybercrime

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.

Anti-Money Laundering

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.

Cryptocurrency

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.

Supervision & 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.

Anti-Money Laundering

FATF Annual Report Highlights Crypto Loopholes as Key Threat

By Thisanka Siripala | 07/02/2025

Six years after the FATF strengthened its virtual asset standards, 97 out of 130 jurisdictions are still not fully compliant.

PEPs & Sanctions

China Lodges Complaint at WTO Over US Tariffs

By Editors | 07/02/2025

China said the measures were “imposed on the basis of unfounded and false allegations”, violate trade rules, and are “discriminatory and protectionist”.