Anti-Financial Crime & Financial Crime Compliance
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Regulatory Watch News

  • Treasury Sanctions Financial Network of Foreign Terrorist Organization, Tren de Aragua, After Theft of Millions from U.S. Banks

    OFAC

    WASHINGTON—Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated 10 targets involved in a Tren de Aragua (TdA) fraud scheme that has become a key source of revenue for the organization. TdA is a Foreign Terrorist Organization (FTO) responsible for violent and exploitative criminal activity across the Western Hemisphere—including drug trafficking, human trafficking, extortion, and murder-for-hire—making the disruption of its financial networks essential to protecting Americans. This operation is orchestrated by one of the FBI’s ten most-wanted fugitives, Anibal Alexander Canelon Aguirre (aka “Prometheus”). In addition to this network, today OFAC also designated Juan Gabriel Rivas Nunez (aka “Juancho”), a high ranking TdA leader directing operations in multiple South American countries.

  • SEC Charges Meyer Global Management and Its CEO With Defrauding Retail Investors in Private Funds That Held Interests in SpaceX and Other Pre-IPO Securities

    SEC

     

    The Securities and Exchange Commission today charged private fund adviser Meyer Global Management LLC (MGM) and its CEO, Owen E.H. Meyer, with defrauding investors and MGM-managed funds in connection with investments in SpaceX and other pre-IPO securities. According to the SEC’s complaint, in a series of schemes from at least December 2021 to the present, the defendants violated their fiduciary duties by misusing client fund assets, and lied to the underlying investors in the funds. In at least three of those schemes, the defendants allegedly misappropriated client assets from certain MGM-managed funds to pay for Meyer’s personal expenses. As outlined in the complaint, the defendants concealed their actions in one scheme by sending statements to investors that inflated their account values.

  • GRECO publishes summaries of reports on Denmark, Hungary, Türkiye and Ukraine

    GRECO

    The Group of States against Corruption of the Council of Europe (GRECO) has published the summaries of four reports assessing the progress that Denmark, Hungary, Türkiye and Ukraine have made in implementing outstanding recommendations to prevent corruption among parliamentarians, judges and prosecutors. It has also published a summary of a report on Türkiye evaluating compliance with anti-corruption measures in respect of high officials in the central government and law enforcement agencies. GRECO has published these summaries following its March 2026 plenary decision that a summary of an evaluation or compliance report shall be published within six months of the report’s adoption, unless the member state concerned authorises publication of the full report before that date.

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