U.S. Banks Processed Nearly $1.2 Billion in Ransomware Payments in 2021
U.S. financial institutions reported over $1 billion in ransomware-related payments last year, majority of which were...
organization
FinCEN
Bittrex Pays Over $50M to Resolve US Enforcement Claims
A U.S. private virtual currency exchange agreed on Tuesday to pay more than US$50 million to settle U.S. accusations of...
US SEC to Expand Cyber Investigations Unit Amid Growing Crypto-Threats
The U.S. Securities and Exchange Commission plans to almost double its cyber and cryptocurrency investigations staff under...
Conflicts Of Interest And Controversial Clients: Henley & Partners’ Caribbean Business
"Citizenship planning” company Henley & Partners helped a bevy of high-risk clients gain citizenship in the...
Mining Secrets: Solway-Linked Companies Moved Nearly $2 Billion in Suspicious Funds
Solway was labeled a “high-risk” client over suspect transactions, while companies tied to the mining group and its...
Suspicious Activity Reports May Show a Rise in Wildlife Trafficking
The U.S. authority in charge of fighting financial crimes like money laundering and terrorist financing said on Monday that...
U.S. Renews Anti-Money Laundering Rules in Property Sales
The U.S. financial authority announced the renewal of its regulations aimed at preventing money laundering in purchases of...
The Pandora Papers
A Latvian Bank’s Last Sweetheart Deal for Kremlin-Linked Clients
In 2018, payments at Latvia’s ABLV were frozen after the U.S. accused the bank of having “institutionalized money...
FinCEN Files Whistleblower Handed 6 Month Sentence
A U.S. court sentenced on Thursday a whistleblower and former Treasury Department employee to six months in federal prison,...
FinCEN Begins Making Rules For Corporate Transparency Act
The U.S. Financial Crimes Enforcement Network (FinCEN) asked last week for the public to comment on a series of questions...
Capital One to Pay $390M for Money Laundering Failures
An American bank will pay US$390 million for receiving proceeds connected to organized crime as a result of failing to...
The Cartel’s Consul in Barcelona
Mexican Consul Fidel Herrera was on a mission in Spain — but not necessarily for his country.