Alleged Fraudster Admits Role in Bitcoin Laundering Scheme

Fraudster Admits Role in
Bitcoin Laundering SchemeGetty Images

Treasury’s Next Regulatory Retrograde: CDD Rule

US Officials Forecast Suspicious- Activity-Reporting Overhaul

US Officials Forecast Suspicious-
Activity-Reporting Overhaul

More News

Midweek Roundup: OCC Vets VASPs, Chinese Fraudster Convicted, and More

Iran sanctions renewed, FinCEN plans survey, and more, in the midweek roundup.

October 1, 2025

At OCC, New Panel Vets VASP Charters

By Chelsea Carrick

A "novel banking supervision team" is handling a wave of applications submitted since January.

October 1, 2025

Breaking September 30, 2025: 1:06 pm ET

Senate Panel Greenlights TFI Deputy’s Nomination

Fraudster Admits Role in Bitcoin Laundering Scheme

By Koos Couvée

The mastermind of a massive investment fraud in China pleaded guilty in London to laundering money.

September 29, 2025

Breaking September 29, 2025: 3:26 pm ET

More Deregulation on the Way at FinCEN

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Enforcement Actions

OFSI Fines Colorcon Limited £152,750 for Russia Sanctions Violations

HM Treasury's Office of Financial Sanctions Implementation imposed a £152,750 fine on the Dartford, U.K.-based company for making payments in violation of the Russia (Sanctions) (EU Exit) Regulations 2019.

September 30, 2025

SRA Fines Johnson Crilly Solicitors LLP £7,294 for MLRs Breaches

The Solicitors Regulation Authority entered into a settlement with the Upminster, U.K.-based firm that requires it to pay a £7,294 fine and investigation costs of £600 for breaching anti-money laundering and regulations.

September 29, 2025

Legs & Regs

FINTRAC Issues Updated Guidance on AML/CTF Controls

The Financial Transactions and Reports Analysis Centre of Canada issued updated guidance across three compliance areas to strengthen defenses against money laundering, terrorist financing, and sanctions evasion.

October 1, 2025

UK Adds 23 Individuals, 20 Entities to Iran Sanctions List

HM Treasury’s Office of Financial Sanctions Implementation issued a notice concerning the addition of 43 entries to the consolidated list and amended 78 entries pursuant to the Iran (Sanctions) (Nuclear) (EU Exit) Regulations 2019.

October 1, 2025

OCC, Treasury Seek Comments on AML Risk Data Collection

The Office of the Comptroller of the Currency and the U.S. Treasury asked the public to comment on revisions to the Bank Secrecy Act and Money Laundering Risk Assessment.

October 1, 2025

US Treasury Sanctions Iranian Weapons Procurement Networks

The U.S. Treasury Department announced sanctions targeting individuals and entities for their roles in networks that facilitate the acquisition of sensitive goods and technology for Iran’s Ministry of Defense and Armed Forces Logistics.

October 1, 2025

Financial Crime Matters: Senior FBI Officials Discuss Fraud

October 31, 2023

In the latest episode of Financial Crime Matters, Kieran Beer, editor in chief of ACAMS moneylaundering.com, talks with the FBI’s James Barnacle and Christopher Soyez about the agency’s fight against fraud and its efforts to recover stolen assets.

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.

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