Anti-Financial Crime & Financial Crime Compliance
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Financial Crime, North America, Sanctions, US

NEWS: U.S. sanctions top members of Mexico’s fentanyl-smuggling La Linea cartel

Premium November 1, 2024

FILE PHOTO: U.S. Deputy Treasury Secretary Wally Adeyemo speaks at the Royal United Services Institute in London, Britain, October 27, 2023. REUTERS/Hannah McKay/File Photo

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NEWS: SEC enforcement director Margaret Ryan suddenly resigns after 6 months

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NEWS: TradeStation Securities to pay OFAC $1.1m over apparent sanctions breaches

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INSIGHT: Meta vowed to stop illegal financial ads in Britain. It failed 1,000 times in a week

BY PAUL O’DONOGHUE, Senior Correspondent

The U.S. has imposed sanctions on senior members of La Linea, a violent armed wing of the Juarez Cartel, and two companies linked to the group. 

The sanctions cut the targets off from the dollar-based financial system and freeze any assets that they may have in the U.S. or in U.S.-based institutions.

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Premium

NEWS: SEC enforcement director Margaret Ryan suddenly resigns after 6 months

 Premium

NEWS: TradeStation Securities to pay OFAC $1.1m over apparent sanctions breaches

 Premium

INSIGHT: Meta vowed to stop illegal financial ads in Britain. It failed 1,000 times in a week

Regulatory Watch News

  • Justice Department Files Case to Revoke U.S. Citizenship of Mastermind Behind Multimillion-Dollar Tax Fraud Scheme

    US Department of Justice

    Today, the U.S. Department of Justice announced that it has filed and served a civil denaturalization complaint in the U.S. District Court in Baltimore, Maryland, against Emmanuel Oluwatosin Kazeem, a native of Nigeria who organized a vast conspiracy to steal identities and file fraudulent tax returns. In 2017, he was convicted of 19 counts of mail and wire fraud, aggravated identity theft and conspiracy to commit mail and wire fraud and sentenced to 15 years in prison. But in 2024, then-President Biden commuted his sentence after only six years.

  • INTERPOL-UNODC global summit ends with call to action against fraud surge

    Interpol

    VIENNA, Austria - The Global Fraud Summit has closed with calls for stronger global cooperation to tackle what is one of the fastest-growing types of crime, affecting millions of individuals and businesses around the world. Driven by rapid technological advances, fraud has evolved into an increasingly sophisticated and highly organized global enterprise. Technology was a central focus of discussions during the two-day (16 and 17 March) event, with tools such as generative AI, including deepfake videos, images, audio and chatbots, making it easier for criminals to impersonate trusted people and defraud victims.

  • Latvia: 20 suspects detained over €1.5 million IT procurement fraud

    European Public Prosecutor's Office

    (Luxembourg, 18 March 2026) – The European Public Prosecutor’s Office (EPPO) in Riga (Latvia) has dismantled an organised crime group involving public officials suspected of wrongdoing in public procurement procedures for the acquisition of IT systems by state institutions. Twenty suspects were detained yesterday, including public officials. A total of 57 house and company searches were carried out yesterday with the support of Europol, the Economic Crime Combating Department and other Latvian law enforcement agencies. A substantial amount of evidence was seized, including from the State Digital Development Agency.

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