BSA News Now

Pressure is growing on financial institutions to toughen their approach to environmental crime, with G7 leaders vowing to crack down on the illicit fund flows supporting wildlife trafficking and campaign groups warning that the activity has morphed from a conservation issue to a financial crime concern.

The Central Bank of the UAE and the Ministry of Foreign Affairs and International Co-operation conducted a meeting with all onshore financial institutions to increase efforts against money laundering, the regulator said on Tuesday.

The former head of the U.S. Drug Enforcement Administration's office in Chicago said the women betrayed the U.S. government, which got them out of Mexico after their husbands agreed to cooperate against Sinaloa cartel kingpin Joaquin "El Chapo" Guzman Loera.

Muge Ma, a/k/a "Hummer Mars," Lied that His Phony Companies Had Hundreds of Employees and Paid Millions in Wages to Receive COVID-19 Loan Funds

China has long been home to more than half the world's bitcoin miners, but now, Beijing wants them out ASAP.

President Biden on Monday said Ukraine must root out corruption before it can become a full member of the NATO alliance, something Ukrainian President Volodymyr Zelensky has pushed for.

Banks have spent billions of dollars building new systems and controls in a bid to tackle the money laundering problem and have, to a certain extent, succeeded.

The cost of financial crime compliance across financial institutions -including asset managers, banks, and insurance firms - is expected to increase in 2021, according to research by LexisNexis Risk Solutions

Bitcoin's price hopped over $40,000 on Monday following bullish comments by billionaire hedge fund manager Paul Tudor Jones.

A Floridian who moved to Sulphur Springs, Texas has pleaded guilty to federal violations in the Eastern District of Texas, announced Acting U.S. Attorney Nicholas J. Ganjei.

A criminal complaint has been filed charging Randolph Stanley, age 42, of Clinton, Maryland, for the federal charge of conspiracy to commit wire fraud, in connection with a scheme to fraudulently obtain student aid.

The post-Trump landscape, geopolitical concerns and an economic paradox pose threat to White House hopes

Napier, provider of advanced anti-financial crime compliance solutions, has announced it is now the platform of choice for Firma, a foreign exchange and global payments company headquartered in Canada

Tesla CEO Elon Musk on Sunday said the company will resume bitcoin transactions once it confirms there is reasonable clean energy usage by miners.

The first bitcoin upgrade in four years has just been approved by miners around the world.

On May 22nd, a crypto finance project called DeFi100 posted a message to its website: "We scammed you guys and you can't do shit about it. HA HA. All you moon bois have been scammed and you can't do shit about it."

The Panchkula-based startup will be utilizing the funds to advance its product, EYE, a product based on machine learning to help regulatory firms with anti-money laundering compliance needs

Twenty-one Chinese nationals were indicted in Colorado this week in connection with a year-long investigation into a large money-laundering conspiracy, officials with the 18th Judicial District Attorney's Office, along with other law enforcement partners, announced during a news conference Thursday.

The wife of Joaquin "El Chapo" Guzman Loera, leader of the Mexican drug trafficking organization known as the Sinaloa Cartel, pleaded guilty today to charges related to international drug trafficking, money laundering, and a criminal violation of the Foreign Narcotics Kingpin Designation Act (the Kingpin Act).

Myanmar's deposed civilian leader Aung San Suu Kyi has been charged with corruption by the country's military junta, state media reported Thursday, adding to a raft of legal cases against the Nobel Peace Prize laureate.