The US Department of the Treasury has convened a FinCEN Exchange bringing together global financial institutions, US federal law enforcement agencies and Treasury officials to strengthen efforts to identify and dismantle sophisticated money laundering networks. The Immediate Release, dated 19 December 2025, underscores the growing regulatory and enforcement focus on Chinese money laundering networks and their role in facilitating transnational organised crime. The Exchange fo

The Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has imposed a civil money penalty of $3.5 million on Paxful Inc. and Paxful USA Inc. after identifying extensive and prolonged breaches of the Bank Secrecy Act. The peer-to-peer virtual currency platform facilitated more than $500 million in suspicious transactions linked to illicit actors and high-risk jurisdictions, including Iran, North Korea, and Venezuela, as well as payments associated with B

The Financial Crimes Enforcement Network (FinCEN) has released a new Financial Trend Analysis examining ransomware activity captured in Bank Secrecy Act reporting between 2022 and 2024. The analysis identifies more than 2.1 billion dollars in ransomware payments over the three-year period and confirms that 2023 marked an unprecedented peak in both reported incidents and associated financial losses. According to FinCEN Director Andrea Gacki, timely suspicious activity reportin

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 US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has taken decisive action to disrupt the financial flows supporting the Sinaloa Cartel by identifying transactions involving ten Mexico-based gambling establishments as being of primary money laundering concern. Published on 13 November 2025, the finding and accompanying Notice of Proposed Rulemaking (NPRM) represents a significant escalation in efforts to sever criminal organisations’ access to

The United States Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has released a new Financial Trend Analysis (FTA) revealing around 9 billion dollars in potential Iranian shadow banking activity that passed through US correspondent accounts in 2024. The findings, based on reports from US financial institutions, underscore the scale and sophistication of Tehran’s global sanctions evasion operations. According to FinCEN, Iran’s shadow banking network

The United States and UK have announced their largest-ever coordinated action against cybercriminal networks operating in Southeast Asia, marking a major escalation in international efforts to dismantle transnational scam operations. The US Department of the Treasury, through its Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN), in partnership with the UK’s Foreign, Commonwealth and Development Office (FCDO), has imposed sweeping s

The Financial Crimes Enforcement Network (FinCEN) has renewed its Geographic Targeting Orders (GTOs) requiring US title insurance...

The Financial Crimes Enforcement Network (FinCEN) of the US Department of the Treasury has issued new guidance to clarify key elements of...

The Financial Crimes Enforcement Network (FinCEN), part of the US Department of the Treasury, has announced plans to collect industry...

The United States Department of the Treasury has taken its next step towards regulating payment stablecoins by publishing an Advance...

The US Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a Notice classifying financially motivated sextortion as a...