Fraud related to COVID-19 relief programs continues to occur “at a concerning scale.” Andrea Gacki, director of the Financial Crimes Enforcement Network (FinCEN), said this...
Tether has disputed a media report that its stablecoin is increasingly being used for illicit activities. The Wall Street Journal (WSJ) reported Friday (Oct. 27) that the stablecoin...
TD Bank has disclosed that it is cooperating with inquiries from regulators and law enforcement regarding its compliance with anti-money laundering rules. The bank made this...
The Financial Crimes Enforcement Network (FinCEN) is warning banks of a nationwide surge in check fraud. “Criminals have been increasingly targeting the U.S. Mail and...
The number of ransomware attacks reported by financial institutions (FIs) and occurring in 2021 was double the number that occurred during the previous year. The...
Down at the very bottom of the crypto crime report the Justice Department issued last week was a request that could make it a lot...
Buried in the U.S. Department of Justice’s crypto crime report last week was a call for Congress to double the criminal penalties for any unlicensed...
Federal authorities are investigating whether cryptocurrency exchange Binance violated the Bank Secrecy Act. That’s according to a Thursday (Sept. 1) Reuters report, which noted that...
Decentralized finance (DeFi) is currently one of the most dynamic trends in the financial space, with more than 5,000 different cryptocurrencies in circulation as of...