by James | Apr 11, 2025 | Banking, Fentanyl, Regulatory, Trafficking
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has released a Financial Trend Analysis detailing patterns in fentanyl-related illicit finance, based on Bank Secrecy Act (BSA) data from January to December 2024. The analysis...
by James | Apr 1, 2025 | Money Laundering, Regulatory, Trafficking, Transnational Crime
The U.S. Treasury’s FinCEN has issued a high-priority alert (FIN-2025-Alert001) concerning bulk cash smuggling and repatriation schemes orchestrated by Mexico-based transnational criminal organizations (TCOs). These cartels are increasingly leveraging...
by James | Feb 8, 2025 | Regulatory, Sanctions, Terrorist Financing
U.S. President Donald J. Trump has issued an executive order (E.O. 14157) on January 20, 2025 to classify certain international criminal cartels and transnational organizations as Foreign Terrorist Organizations (FTOs) or Specially Designated Global Terrorists (SDGTs)...
by James | Nov 12, 2024 | Money Laundering, Payments, Regulatory, Terrorist Financing
The Financial Crimes Enforcement Network (FinCEN) has issued an alert (FIN-2024-Alert003) to help financial institutions detect and report financing activities linked to the Iran-backed Lebanese militia and designated Foreign Terrorist Organization (FTO), Hizballah....
by James | Sep 13, 2024 | Banking, Regulatory, Sanctions, Technical Compliance
The Office of the Comptroller of the Currency (OCC) has published an AML sanctions consent order for Wells Fargo, highlighting substantial compliance challenges that remain. The comprehensive 28-page order outlines several critical areas requiring attention, including...
