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Our latest thinking on financial crime compliance, regulatory change, technology, and the forces reshaping global risk management.
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US Sentences Two ‘Laptop Farmers’ in North Korea IT Worker Fraud Scheme
The US Department of Justice (DoJ) has sentenced two US nationals for helping North Korean information technology workers infiltrate American companies through fraudulent remote working schemes designed to generate revenue for the Democratic People’s Republic of Korea (DPRK). The prosecutions form part of an escalating US crackdown on DPRK-linked cyber-enabled sanctions evasion operations that increasingly exploit remote working models, stolen identities and outsourced IT rec
OpusDatum
May 64 min read
FCA Leads Global Crackdown On Illegal Finfluencers
The FCA has intensified its campaign against illegal finfluencers, leading a co-ordinated international week of action involving 17 regulators across major financial centres. The initiative, which began on 20 April 2026, targeted social media personalities and unauthorised firms using online platforms to promote financial products unlawfully and expose consumers to scams. In the UK, the FCA’s action included securing a guilty plea from Geordie Shore’s Aaron Chalmers for illeg
OpusDatum
Apr 242 min read
DOJ Charges SPLC Over Alleged Donor Fraud & Money Laundering Scheme
The US Department of Justice has charged the Southern Poverty Law Center (SPLC) with 11 counts of wire fraud, false statements to a federally insured bank, and conspiracy to commit concealment money laundering, in a high-profile case that places donor transparency, charitable governance and financial crime controls under scrutiny. The indictment was returned by a federal grand jury in Montgomery, Alabama on 21 April 2026. According to the DOJ, the SPLC allegedly used more t
OpusDatum
Apr 211 min read
FinCEN Rapid Response Programme Recovers $1.8bn For Fraud Victims
FinCEN’s Rapid Response Programme has now helped interdict more than $1.8 billion in stolen funds for US victims of cyber-enabled fraud, underlining the growing importance of rapid cross-border financial intelligence sharing in tackling digital crime. According to FinCEN, more than $268 million has been interdicted since President Trump resumed office. The programme works by enabling FinCEN to share financial intelligence quickly with foreign financial intelligence units and
OpusDatum
Apr 151 min read
US Nationals Sentenced Over DPRK Remote IT Worker Fraud Scheme
The Department of Justice has sentenced two US nationals for facilitating a fraudulent remote IT worker scheme that generated more than $5 million in illicit revenue for the Democratic People’s Republic of Korea, underlining the growing national security risk posed by DPRK cyber-enabled revenue operations. Kejia Wang, 42, of Edison, New Jersey, was sentenced to 108 months in prison, while Zhenxing Wang, 39, of New Brunswick, New Jersey, received a 92-month sentence. Both men
OpusDatum
Apr 152 min read
Insider Trading Case Highlights Risks of Informal Information Sharing
An Arkansas man’s guilty plea to insider trading reinforces the U.S. Department of Justice’s (DOJ) continued focus on market abuse arising from informal personal relationships and misuse of confidential corporate information. The case illustrates how non-traditional information channels, including friendships with senior executives, remain a key enforcement priority for regulators and prosecutors. Douglas Dalton admitted securities fraud after trading on material nonpublic in
OpusDatum
Mar 312 min read
FinCEN Targets Health Care Fraud and Expands Whistleblower Incentives
FinCEN has sharpened its focus on health care fraud with a new Advisory warning financial institutions about increasingly sophisticated schemes targeting Medicare, Medicaid and other government health care benefit programmes. Released on 30 March 2026, the Treasury measure frames health care fraud not simply as a billing abuse issue, but as a money laundering and national security concern involving organised crime groups and transnational criminal organisations. The Advisory
OpusDatum
Mar 303 min read
PSR Targets Card Fees, APP Fraud and Payments Reform
The Payment Systems Regulator (PSR) has set out an ambitious agenda for 2026/27, with card fees, APP fraud and wider payments reform at the centre of its annual plan. Published on 26 March 2026, the programme signals a regulator intent on pushing ahead where competition remains weak, while maintaining strong consumer protections and supporting the next phase of innovation in UK payments. A major priority is card fees, where the PSR plans to press on with action over both cros
OpusDatum
Mar 263 min read
Ex-Nodus Bank Chief Admits Fraud & Venezuela Sanctions Evasion
Former Nodus International Bank chief executive Tomás Niembro Concha has pleaded guilty to conspiracy to commit wire fraud and conspiracy to violate the International Emergency Economic Powers Act, in a case that combines insider bank abuse with Venezuela sanctions evasion. The plea, announced on 20 March 2026, centres on conduct that prosecutors say helped drain at least $24.9 million from the Puerto Rican bank and contributed to its collapse in 2023. The case is significant
OpusDatum
Mar 203 min read
FinCEN Grants Targeted Relief Under Minnesota Fraud Order
The Financial Crimes Enforcement Network (FinCEN) has issued a limited exemptive relief order for certain financial institutions subject to its Geographic Targeting Order (GTO) covering Hennepin and Ramsey Counties, Minnesota. The GTO, which took effect on 12 February 2026, introduced enhanced recordkeeping and reporting requirements designed to support efforts to combat government benefits fraud. The targeted relief refines the scope of reporting obligations to ensure that t
OpusDatum
Feb 272 min read
FinCEN Launches Whistleblower Portal to Tackle Fraud & Sanctions Breaches
The Financial Crimes Enforcement Network (FinCEN) has launched a dedicated whistleblower webpage to confidentially receive tips relating to fraud, money laundering and sanctions violations. The move strengthens the United States Department of the Treasury’s intelligence-led enforcement framework and signals a continued focus on leveraging insider information to combat financial crime. FinCEN’s Office of the Whistleblower will accept information concerning violations and consp
OpusDatum
Feb 132 min read
Inheritance Fraud Ringleader Jailed for Eight Years
A Nigerian national has been sentenced to more than eight years in prison for orchestrating a sophisticated multimillion-dollar inheritance fraud scheme that targeted elderly and vulnerable victims across the United States. The case highlights the continued threat posed by transnational advance fee fraud networks and the importance of coordinated international enforcement action. Tochukwu Albert Nnebocha, 44, was sentenced to 97 months’ imprisonment, followed by three years o
OpusDatum
Feb 62 min read
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