money laundering

WSJ ties Binance ‘high-value customer’ to Iran network

A new investigation by The Wall Street Journal, published Friday, Oct. 9, focuses on a Binance client the exchange labeled a "high-value customer." The Journal links him to a network run by sanctioned Iranian financier Babak Zanjani, which carried out…

Massive leak unmasks hidden owners of Curacao gambling empire

A trove of leaked documents has pulled back the curtain on Curaçao's multibillion-euro online gambling industry, revealing for the first time the identities of hundreds of hidden casino owners — some of whom have amassed fortunes worth hundreds of millions…

FT investigation exposes $6.9B Russian sanctions evasion through global banks

A Kremlin-backed fintech company called A7 used forged invoices, shell companies, and an industrial-scale document forgery operation to funnel more than $6.9 billion through the international banking system despite Western sanctions on Russia, according to a Financial Times investigation published…

Leaked files show ICBC financed sanctioned oligarchs from London hub

A trove of 4.8 million confidential records from inside the Industrial and Commercial Bank of China has exposed how the world's largest bank used its London operations to finance companies linked to sanctioned oligarchs, autocrats and China's political establishment, according…

Ex-Swiss banking chief convicted in $101M kickback scheme

Pierre Mirabaud, a former president of the Swiss Bankers' Association and longtime partner at the Geneva private bank bearing his family name, was found guilty on Tuesday of bribery and aggravated money laundering by Switzerland's Federal Criminal Court in Bellinzona.

Belgium seizes €65M in French McKinsey tax-fraud probe

Belgian authorities seized €65.2 million from McKinsey & Company in Brussels on August 19 as part of a French investigation into suspected aggravated tax fraud and money laundering, French and Belgian prosecutors announced on Friday.

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.