Category: Banking

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Gamblers using online shopping to launder billions in China

Brazil’s ex-president faces fresh R$4 million laundering charge

Hong Kong family arrested in multi-billion-dollar laundering probe

Deutsche to pay over half a million to US for sanction violations

JPMorgan Chase investigating customers and employees over Coronavirus payment program

Film producer surrenders over $60 million in money laundering settlement

UK’s Financial Regulator publishes new financial crime reporting requirements

Credit Suisse under fire from Belgian authorities amid tax evasion allegations

Goldman Sachs finalise Billion dollar settlement over 1MDB scandal

Former PM of Malaysia sentenced to twelve years in prison on corruption charges

Sparkasse slapped with €217,000 fine by Malta’s AML watchdog

Bellingcat reveal disgraced Wirecard COO’s whereabouts

...

Treasury Further Dismantles Iranian Financier Zanjani’s Network
US Department of the Treasury
July 24, 2026
WASHINGTON—Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designatedfour individuals and nine entities that form key components of Babak Zanjani (Zanjani)’s broader Iranian sanctions evasion network. Zanjani has leveraged a diverse portfolio—including financial services, gold and precious gem production, digital asset trading, and major transportation and infrastructure projects—to obscure ownership, launder revenue, and expand his capacity to move funds covertly through Iran and offshore.
FinCEN Issues Alert on Fraud Schemes Targeting Federal Student Aid
FinCEN
July 24, 2026
Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an Alert urging financial institutions to detect, prevent, and report suspicious activity connected to fraud schemes targeting student aid programs administered by the Federal government.
New guidance on verifying communications claiming to be from OFSI
OFSI
July 24, 2026
OFSI has published new guidance on how to verify whether communications claiming to be from OFSI are genuine.

The guidance provides information to help individuals verify communications claiming to be from OFSI, including signs that a communication may not be genuine and sets out what to do if you are unsure.