money laundering

UBS hit with record $125M fine for money laundering violations

The U.S. Treasury Department imposed a record $125 million civil fine on UBS Financial Services on Monday for what regulators called willful violations of the Bank Secrecy Act, the nation's primary anti-money laundering law.

FATF warns criminal groups are building stablecoins to evade seizure

The Financial Action Task Force on Thursday released its seventh targeted update on virtual assets, warning that organized crime groups are moving billions in illicit proceeds through crypto and that some criminal networks have begun developing their own stablecoins engineered…

Argentina take early lead over Switzerland in World Cup quarterfinal

Defending champions Argentina took to the pitch against Switzerland on Saturday in the 2026 FIFA World Cup quarterfinal at Arrowhead Stadium in Kansas City, with Lionel Messi's side looking to advance to the semifinals while navigating a cloud of off-field…

Sanctioned nations moved $100B in crypto in 2025, an eightfold surge

Cryptocurrency addresses linked to U.S.-sanctioned entities — including Iran, Russia, and North Korea — received more than $100 billion in 2025, roughly an eightfold increase from the prior year, according to data from blockchain analytics firm Chainalysis reported by The…

Nikkei links Chinese fentanyl network to $1M crypto fraud run from Japan

A Nikkei investigation published Sunday has revealed that a Chinese criminal organization suspected of illegally exporting fentanyl precursor chemicals also ran extensive cryptocurrency scams through Japanese entities, using blockchain technology and Japanese internet domains to defraud victims worldwide.

US Senators target art market’s money laundering loopholes

A bipartisan group of US senators introduced legislation Wednesday targeting money laundering and sanctions evasion in America's $25 billion art market, seeking to close what lawmakers describe as one of the last major unregulated financial sectors vulnerable to criminal exploitation.