Jury Convicts Florida Fuel Supplier in $4.5 Million Military Fraud, ML Scheme
A federal jury in Florida convicted Jason Butler, the owner of Independent Marine Oil Services LLC, of 34 felony counts including wire fraud, money laundering, and forgery for orchestrating a multimillion-dollar scheme to defraud the U.S. Department of War and other federal agencies.
OECD Data Shows Uneven Enforcement of Foreign Bribery, Related Money Laundering
The Organisation for Economic Co-operation and Development released updated enforcement data covering the implementation of the OECD Anti-Bribery Convention from 1999 through the end of 2024.
EU Updates Hamas Sanctions List, Revises Financing Designation
The Council of the European Union adopted Council Implementing Regulation (EU) 2026/123 to amend its sanctions list on individuals who support, facilitate, or enable violent actions by Hamas and the Palestinian Islamic Jihad.
US Targets Houthi Smuggling Networks Across Middle East
The U.S. Treasury Department announced that its Office of Foreign Assets Control added 21 individuals and entities and identified one vessel for supporting the Houthis through illicit oil sales, weapons procurement, and financial facilitation tied to Iran-backed terrorist activity.
In this episode of Financial Crime Matters, former federal investigator John Tobon and Kieran Beer, editor in chief of ACAMS moneylaundering.com, discuss underground banking in Latin America.
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.
In France, Non-Financial AML Enforcement Surges After FATF Criticism
By Gabriel Vedrenne
KYC-Verified Account Marketplaces Operate Openly on Facebook
By Chelsea Carrick
Minnesota Banks, Money Transmitters Brace for Scrutiny
By Charlie Passut