BSA News Now

The Anti-Money Laundering Act of 2020 (AMLA), part of the National Defense Authorization Act for fiscal 2021 that Congress enacted over President Trump's veto, significantly expands the U.S. government's authority to subpoena documents held by foreign banks overseas.

A Pittsburgh man was sentenced to four years in federal prison followed by four years of supervised release in connection with a drug trafficking and money laundering operation, according to prosecutors.

A Wisconsin man pleaded guilty today for his role in fraudulently obtaining over $1 million in Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

Public Works Minister G Sudhakaran has ordered a vigilance inquiry into the financial irregularities unearthed in Pratheeksha Bus Shelter Company a special purpose vehicle, formed during the UDF government's term, for setting up bus shelters

A man who police allege is the head of a multimillion-dollar money laundering syndicate has been arrested after officers stopped his car in Sydney's inner west and allegedly found $1 million in cash inside.

On February 16, 2021, the New York Department of Financial Services ("NYDFS") issued a Cyber Fraud Alert (the "Alert") to regulated entities in light of a growing campaign to steal Nonpublic Information ("NPI"), as defined under New York law, from public-facing websites that provide instant quotes for products like auto insurance ("Instant Quote Websites").

Vivien Zheng lost $340K in an elaborate wire-transfer scam. Financial crime expert Vanessa Iafolla says that could have been prevented if banks had better protection for customers.

From improved data sharing for identity verification to public-private partnerships that tackle terrorism financing, organised crime, money laundering - the pandemic has challenged and transformed how organisations counter fraud

A man opened bank accounts in New Jersey, New York and Florida. Then he used cashier's checks to launder more than $23M, authorities said.

The Austrian Financial Market Authority (FMA) stated on Friday that crimes involving the use of cryptocurrencies have increased across the country.

Qatar has ramped up efforts against money laundering and the financing of terrorism with the launch of a new digital learning platform that raises awareness for professionals working within the country's capital market.

Tesla CEO Elon Musk said Saturday that bitcoin prices "seem high" after the cryptocurrency surged to another record high this week.

Compliance is the bulwark against money laundering and other financial crimes across the world. But as recent experiences reveal, increased compliance requirements put a heavy toll on banks and other financial institutions.

Some in the financial industry warned the unprecedented reporting project would have a chilling effect.

Federal officials say a Newark resident admitted his role in a large international money laundering conspiracy and to using a stolen identity in furtherance of the scheme, Acting U.S. Attorney Rachael A. Honig announced.

Some in the financial industry warned the unprecedented reporting project would have a chilling effect.

Nvidia on Thursday announced it will release a new series of semiconductors specifically for mining ether, the second-largest digital cryptocurrency.

The European Commission said on Thursday it is calling on Romania to fully transpose gas supply security, industrial emissions management and anti-money laundering directives into its national legislation.

A Nigerian man was sentenced in Norfolk federal court on Tuesday to 10 years in prison in a massive online financial fraud scheme.

There are high hopes that the new US administration of President Joe Biden will provide a shot-in-the-arm to anti-corruption efforts in Central America, perhaps even leading to the creation of a regional commission that helps local prosecutors investigate major corruption cases.