The Financial Conduct Authority has delivered its first-ever enforcement action against a professional body supervisor, publicly censuring the Institute of Certified Bookkeepers for significant and prolonged failings in its anti money laundering supervision. As the body responsible for overseeing the AML compliance of more than 3,000 bookkeepers under the Money Laundering Regulations 2017, the Institute’s shortcomings created heightened risks of money laundering exposure acro

FinCEN has issued a new alert highlighting the growing financial crime risks associated with cross-border funds transfers conducted by illegal migrants within the United States. The alert, published on 28 November 2025, urges money services businesses to strengthen controls and heighten vigilance around remittances that may involve illicitly obtained funds, particularly where indicators point to unlawful employment or other criminal activity. The Treasury emphasises that MSBs

The Financial Conduct Authority has launched criminal proceedings against two individuals accused of insider dealing linked to the proposed takeover of GCP Student Living Plc. The case highlights the regulator’s continued focus on market abuse, a central pillar of its five-year strategy to strengthen trust and integrity across the UK’s financial markets. According to the FCA, Bobosher Sharipov, formerly employed at Jefferies International Limited, allegedly disclosed confiden

The Financial Conduct Authority’s decision to accept RegTech platform Eunice into its Regulatory Sandbox marks an important step in strengthening the transparency and integrity of the United Kingdom’s crypto markets. As criminal exploitation of digital assets continues to evolve, the creation of standardised, industry-led disclosure templates represents a significant opportunity to raise market standards and improve investor protection. Eunice’s work with leading crypto firms

The sentencing of Colombian national Michael Nunez Daza highlights the continuing threat posed by sophisticated transnational money laundering networks that exploit U S banks to clean drug trafficking proceeds. As the leader of a long-running organisation spanning Colombia, Mexico and the United States, Nunez Daza relied on bulk cash pickups, third-party bank accounts and rapid cross-border fund transfers to disguise the origin of illicit proceeds and repatriate value to cart

The latest Financial Action Task Force (FATF) update underscores a rapidly shifting global landscape for anti money laundering, counter terrorist financing, and counter proliferation finance compliance. FinCEN has urged financial institutions to reassess their risk exposure in light of FATF’s revised lists, with particular emphasis on continued countermeasures against Iran and the DPRK. The October FATF plenary removed Burkina Faso, Mozambique, Nigeria, and South Africa from

The guilty plea of Mississippi businessman Willie De Gibbs highlights yet another major fraud operation exploiting weaknesses in Medicare oversight and the wider US health care reimbursement system. Gibbs admitted to orchestrating a $19 million scheme centred on the purchase of fraudulent doctors’ orders and the systematic billing of medically unnecessary orthotic braces through seven durable medical equipment (DME) companies. By operating through both personally owned entiti

The indictment of South Florida Congresswoman Sheila Cherfilus McCormick presents a significant financial crime case involving the alleged theft of $5 million in FEMA disaster relief funds. Prosecutors claim the congresswoman and several co defendants engaged in a multi layered scheme involving fraud, money laundering, and illegal campaign contributions, all linked to Covid 19 emergency funding. The allegations highlight the ongoing risks of financial crime within public sect

The return of alleged drug trafficker Zhi Dong Zhang to the United States marks a significant escalation in the Justice Department’s global campaign against high level narcotics syndicates and transnational money laundering networks. Zhang, widely known by multiple aliases including Brother Wang, is accused of directing a sprawling criminal enterprise responsible for moving large volumes of cocaine, methamphetamine, and fentanyl across Mexico and the United States while laund

Four California residents have been sentenced for orchestrating an extensive hospice fraud and money laundering operation that extracted nearly $16 million from Medicare. The case highlights the continuing threat of organised health care fraud in the United States and reinforces the Justice Department’s commitment to pursuing those who exploit vulnerable patients and critical public health programmes. On 18 November 2025, the Justice Department confirmed the most recent sente

The latest announcement from the Justice Department marks a significant escalation in US efforts to dismantle North Korea’s illicit global revenue networks. With five guilty pleas secured and over 15 million dollars in virtual currency subject to civil forfeiture, the Department has underscored both the scale and sophistication of the Democratic People’s Republic of Korea’s (DPRK) exploitation of remote IT work and cryptocurrency theft to finance its weapons programmes in def

The sentencing of Travis Ford, founder and chief executive of Wolf Capital Crypto Trading LLC, underscores the persistent risks posed by high-yield cryptocurrency investment schemes and the growing determination of U S authorities to clamp down on digital-asset fraud. Ford was handed a five-year prison term on 13 November 2025 after admitting to orchestrating a Ponzi-style operation that raised 9.4 million dollars from around 2,800 investors, many of whom were lured by claims