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DOJ and USPS make first whistleblower payout, awarding $1m in car auction fraud
Used vehicle platform EBLOCK allegedly failed to immediately take action against illegal activity including shill bids and elimination of competition at an acquired company.
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FINTRAC fines Global Currency Exchange over C$70k
The latest in the Canadian financial regulator’s string of AML/CFT enforcement actions.
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CFTC, state regulators secure $51m in California metals fraud case
The scheme targeted elderly victims by convincing them to purchase significantly marked-up silver coins with their retirement savings.
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SEC fines Wisconsin investment fund managers over $27m
A jury verdict found the two managers and their associated businesses liable for securities fraud.
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Canada Minister of Foreign Affairs announces more Russia sanctions under SEMA
Additions include 13 individuals, 11 entities, and 100 vessels from Russia’s shadow fleet.
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Fed Board finalizes LFI framework revision, broadens “well managed” status
Final notice aligns with proposed revisions aiming to better represent a bank’s strength and resilience.
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OCC drops $10m fine against Wells Fargo risk officer involved in sales misconduct scandal
The regulator removed the civil money penalty issued in January alongside a prohibition order for the executive.
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FINTRAC fines Cryptomus a record C$177m for AML/ATF violations
The agency’s director and CEO, Sarah Paquet, described the penalty as an “unprecedented enforcement action.”