On March 15, 2023, a bipartisan group of senators addressed a letter to the Director of the Financial Crimes Enforcement Network (FinCEN), urging the agency to amend certain aspects of its Notice of Proposed Rulemaking (NPRM) regarding beneficial ownership information […]
The Federal Bureau of Investigation (FBI) has released its Internet Crime Report for 2022, revealing the top cybercrime types faced by US networks and the bureau’s efforts to combat rising threats. Based on information submitted to the Internet Crime Complaint […]
In the first collective effort of its kind, on March 2, 2023, the Departments of Justice, Commerce, and the Treasury issued a joint compliance note on Russia-related sanctions and export control evasion. The practical guidance aims to inform the private […]
On February 22-24, the second Financial Action Task Force (FATF) plenary under the two-year Singapore Presidency of T. Raja Kumar took place. A core focus was the increasing scale and number of ransomware attacks, particularly highlighting the misuse of virtual […]
On February 17, the United States Department of Justice (DOJ) indicted a senior oil and gas trader and a Brazil-based intermediary in relation to a bribery and money laundering scheme allegedly centered around securing contracts with the Brazillian energy company […]
The US Department of Justice (DOJ) has indicted Russian citizen and US resident, Vladimir Voronchenko, for facilitating a sanctions evasion and money laundering scheme connected to the assets of Russian oligarch Viktor Vekselberg. According to court documents, the defendant is […]
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has published an operational alert to help reporting entities recognize suspicious financial transactions related to the illegal wildlife trade (IWT). Produced in collaboration with members of Project Anton – an […]
On January 26, 2023, the US Department of Justice (DOJ) announced the outcome of a months-long coordinated operation to dismantle the ransomware-as-a-service (RaaS) network, Hive. Having targeted more than 1,500 victims in over 80 countries, threat actors have previously used […]
On January 23, 2023, federal prosecutors announced the arrest of former FBI Special Agent, Charles F. McGonigal, and former Soviet and Russian diplomat, Sergey Shestakov, on criminal charges related to sanctions violations and money laundering.
On January 13, 2023, the FinCEN published an alert on human smuggling focused on smuggling activity along the US’ southwest border, which generates an estimated $2 billion to $6 billion annually for illicit actors.
On January 5, 2023, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced a joint action with the Turkish Ministry of Treasury and Finance against two entities and four individuals with ties to the Islamic State […]
On December 30, 2022, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced a settlement with Danish multinational Danfoss for apparent Iran, Syria, and Sudan sanctions violations. According to the enforcement release, Danfoss agreed to […]
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