KYC
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CFTC rejects “regulation by enforcement” while touting muscular enforcement plan
CFTC leaders say the agency is narrowing, not weakening, its enforcement focus.
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Global pharmaceutical syndicate dismantled
The sheer scale of the operation highlights the borderless nature of health-related financial crime.
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Former NY bank employee pleads guilty to laundering medical device fraud proceeds
The DOJ said a former Bank of America relationship manager helped launder more than $8m on behalf of an international criminal organization.
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Video: UK Government U-turns on mandatory Digital ID plans amid privacy pushback
GRIP’s Senior Reporter Carmen Cracknell and Commissioning Editor Jean Hurley discuss the intersection of digital identity and the UK’s fraud crisis.
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Sixth SEC crypto roundtable addresses surveillance and privacy tech
Statements by SEC commissioners indicated that maintaining privacy in financial affairs is a critical agency goal, and that individuals should be free to use privacy tools without triggering heightened scrutiny.
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Video: Former police veterans Woods and McClements discuss fraud and investigation
Advice and opinion on best practice for both public and private sectors on how to detect and defeat fraud.
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FINTRAC fines First Nations Bank of Canada C$600,000 for AML/ATF compliance failures
The agency claims the bank neglected to file STRs in 31% of cases containing at least one suspicious transaction, among other deficiencies.
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Top tips on crypto regulation and compliance from the professionals
Five crypto experts discuss the regulatory landscape.