Britain Letting Big Tech off the Hook on Fraud, Banking Chief Warns

Britain Letting Big Tech off the Hook
on Fraud, Banking Chief WarnsGetty Images

EXCLUSIVE: Dutch Lender ING Plans Compliance Cull

EXCLUSIVE: Dutch Lender ING Plans Compliance CullGetty Images

1000s of Epstein Transactions Escaped JPMorgan’s Notice, Records Show

1000s of Epstein Transactions Escaped
JPMorgan’s Notice, Records ShowGetty Images

More News

Ransomware Victims Lost $2.1 Billion Over 3-Year Period

By Charlie Passut

Financial institutions, healthcare providers, manufacturers and other victims paid ransomware attackers more than $2.1 billion from January 2022 through December 2024, according to the U.S. financial intelligence unit, nearly matching the total for the previous nine years combined.

December 4, 2025

Britain Letting Big Tech off the Hook on Fraud, Banking Chief Warns

The head of Britain's most powerful financial-services lobby accused the U.K. government Thursday of failing to hold big tech firms accountable for their part in facilitating an ongoing epidemic of fraud worldwide.

December 4, 2025

Lawsuit Raises Questions Over TD Bank’s Crackdown Against Corrupt Insiders

By Chelsea Carrick

TD Bank's efforts to identify corrupt insiders have come under scrutiny after 22 plaintiffs, all former employees of Chinese descent who served their communities in New York, claimed they were illegally fired by the lender because of their ethnicity.

December 3, 2025

Midweek Roundup: Switzerland Targets Credit Suisse, EU Blacklists Russia, and More

OCC steps up campaign against 'debanking,' Huione Pay halts operations, and more, in the midweek roundup.

December 3, 2025

Breaking December 3, 2025: 11:21 am ET

EU Adds Russia to AML Watchlist

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Enforcement Actions

OFAC Fines Gracetown, Inc. Over $7.1 Million for Violating Russia-Related Sanctions, Reporting Obligations

The U.S. Treasury Department’s Office of Foreign Assets Control fined the New York, NY-based property management company $7,139,305 for dealing in property of sanctioned Russian oligarch Oleg Deripaska despite receiving prior notice that such dealings were prohibited.

December 4, 2025

FINTRAC Fines Griffin Jewellery Designs Inc. CA$77,137.50 for Multiple AML/CTF Compliance Failures

The Financial Transactions and Reports Analysis Centre of Canada imposed an administrative monetary penalty of CA$77,137.50 on the Ontario, Canada-based jewelry retailer, after a compliance examination found three breaches of Canada’s anti-money laundering and counterterrorist financing regime.

December 4, 2025

Legs & Regs

UK, Australia Issue Joint Statement on Tackling Illicit Finance

The U.K. Home Office and the Australian Department of Home Affairs issued a joint statement reaffirming their shared commitment to tackling illicit finance following the third annual UK-Australia Illicit Finance Dialogue, held in London in October 2025.

December 4, 2025

DOJ: Former Oklahoma Bank President Charged With Bank Fraud, AML Program Failures

A federal grand jury returned an indictment charging Danny W. Seibel, the former president and CEO of the First National Bank of Lindsay in Oklahoma, with orchestrating a multi-year scheme to conceal the bank’s true financial condition.

December 4, 2025

Estonia FIU Finds Systemic Deficiencies in Crypto Sector

The Financial Intelligence Unit of Estonia identified systemic risks among virtual asset service providers related to the identification of correspondent relationships and the implementation of customer due diligence measures.

December 4, 2025

Europol Coordinates International Operation to Dismantle Cryptocurrency Fraud, ML Network

The EU Agency for Law Enforcement Cooperation announced an international operation that successfully dismantled a large-scale cryptocurrency fraud and money laundering network that was responsible for laundering over €700 million.

December 4, 2025

Financial Crime Matters: Author Discusses Rise, Limitations of US Sanctions

November 24, 2025

In this episode of Financial Crime Matters, author Eddie Fishman and Kieran Beer, editor in chief of ACAMS moneylaundering.com, discuss the evolution, efficacy and limitations of U.S. financial sanctions.

Stephanie Baker on Punishing Putin

June 30, 2025

In the latest episode of Sanctions Space, Justine Walker, head of global sanctions and risk at ACAMS, and Stephanie Baker, author of 'Punishing Putin: Inside the Global Economic War to Bring Down Russia,' discuss sanctions loopholes Russia exploits to finance its war with Ukraine, and U.S. use of 'secondary tariffs' to deter purchases of Russian oil.

According to the United Nations Office on Drugs and Crime, money laundering techniques linked to illegal deforestation and other environmental crimes include: