Category: Financial Services

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US-Malta military deal receives backing amid claims it’s linked to money-laundering blacklist

Financial watchdogs lack the powers they need to combat money laundering, conference told

Dark Money conference is told that anti-money laundering technology is ‘years behind criminals’

Westpac is forced to pay record Aus$1.3Billion fine for AML breaches

New research sheds light on using Bitcoin as a laundering channel

Malaysia’s reputation suffers as FinCEN files reveal laundering trails

Nasdaq launches AI system in AML fight

Julius Baer plans second pay-out to USA for role in FIFA scandal

US charges two Russians with defrauding millions in cryptocurrency scam

Council of Europe Secretary warns against relaxing AML regulations

Leaked EU proposal calls for bloc-wide crypto asset regulations

Philippe Vollot tackles financial crime

How Danske responded to Estonia money laundering scandal, including doubling Compliance team – Deutsche veteran Vollot on leading the change

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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.