Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

Crypto, Financial Crime, Russia, Tech, US

NEWS: US charges crypto CEO with laundering $500M for Russian banks

Premium June 10, 2025
AML Bitcoin CEO convicted of $2M fraud and money laundering scheme

Representations of cryptocurrencies are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration

CONFIRMED: FATF adds British Virgin Islands to AML ‘grey list’

 Premium

NEWS: VAT fraud among EU crime-fighting priorities for next 4 years

LATEST: Norway wealth fund puts TD Bank on watch due to ‘unacceptable AML risk’

By PAUL O’DONOGHUE, Senior Correspondent

THE founder of a U.S.-based cryptocurrency payments company has been charged with laundering over $500 million for sanctioned Russian banks and other entities.

Iurii Gugnin, a 38-year-old Russian national living in Manhattan, was arrested on Monday. A judge ordered him held without bail, pending trial.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!

View subscription optionsIf you have an account, log in

CONFIRMED: FATF adds British Virgin Islands to AML ‘grey list’

 Premium

NEWS: VAT fraud among EU crime-fighting priorities for next 4 years

LATEST: Norway wealth fund puts TD Bank on watch due to ‘unacceptable AML risk’

Regulatory Watch News

  • Toronto-Dominion Bank

    The Council on Ethics recommends that Toronto-Dominion Bank (TD) be placed under observation due to an unacceptable risk that the company is contributing to, or is itself responsible for, serious financial crime, pursuant to section 4(g) of the Guidelines for Observation and Exclusion of Companies from the Government Pension Fund Global. TD is one of the largest banks in Canada. It also has a significant presence along the USA’s eastern seaboard. The company has more than 95,000 employees worldwide. The Council’s investigations have found that TD may be linked to multiple cases of financial crime the past 10–15 years.

  • Shaping the EU Anti-Fraud landscape: OLAF’s Helsinki Conference gathers specialists from all Member States

    OLAF

    More than 100 anti-fraud experts from across the European Union met this week in Finland for the 2025 Helsinki OLAF Conference aimed at defining the next chapter in EU anti-fraud action. Organised by the European Anti-Fraud Office (OLAF) on 11-12 June, the event brought together representatives from EU Member States’ Anti-Fraud Coordination Services as well as key EU bodies involved in protecting the Union’s financial interests.

  • Scam alert related to banks

    HKMA

    The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to the press release issued by the bank listed below relating to fraudulent websites, internet banking login screens, phishing emails or other scams, which has been reported to the HKMA.  Hyperlink to the press release is available on the HKMA website.  

           Bank        Type of Scam
    Chong Hing Bank Limited Fraudulent website and internet banking login screen

Sign Up To Our Newsletter

Contact Us