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

FINTRAC Fines HRA Group Holdings CA$132,000 for AML/CTF Compliance Failures

The Financial Transactions and Reports Analysis Centre of Canada imposed an administrative monetary penalty of CA$132,000 on the Vancouver-based dealer in precious metals and stones, after finding multiple violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.

October 2, 2025

New Zealand DIA Enters Enforceable Undertaking with Pagemark Limited for AML/CTF Failures

New Zealand’s Department of Internal Affairs entered into an enforceable undertaking with the Limassol, Cyprus-based firm and its director after finding the company failed to meet its obligations under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009.

October 2, 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: Former FATF Chief Discusses Group’s Latest Actions

April 10, 2023

In the latest episode of Financial Crime Matters, Kieran Beer, editor in chief of ACAMS moneylaundering.com, and David Lewis, former executive secretary of the Financial Action Task Force, talk about the results of FATF’s most recent plenary.

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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