THE UK has put forward a major amendment to its AML rules which would significantly overhaul its anti-money laundering regime.
THE UK has put forward a major amendment to its AML laws which would significantly overhaul its anti-money laundering regime.
These regulations are subject to parliamentary approval and will come into force on various dates in 2026 and 2027.
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Maryland Man Charged With Defrauding Crypto Exchange Of Over $50 Million In Hacks
United States Attorney Office -Southern District of New York
United States Attorney for the Southern District of New York, Jay Clayton, and Kevin Murphy, Acting Special Agent in Charge of Homeland Security Investigations (“HSI”) San Diego, announced the unsealing of an Indictment charging JONATHAN SPALLETTA, a/k/a “Cthulhon,” a/k/a “Jspalletta,” with computer fraud and money laundering in connection with his hacks of the decentralized cryptocurrency exchange Uranium Finance (“Uranium”). SPALLETTA surrendered today and will be presented this afternoon before U.S. Magistrate Judge Ona T. Wang. The case is assigned to U.S. District Judge Jed S. Rakoff.
FinCEN Proposes Rule to Pay Whistleblowers
Major Milestone in Implementing Whistleblower Program to Fight Illicit Finance
WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) submitted to the Federal Register a Notice of Proposed Rulemaking (NPRM) to fully implement a whistleblower program by establishing a framework for offering incentives and protections to encourage individuals to report tips on fraud-related violations of the Bank Secrecy Act, U.S. sanctions programs administered by Treasury’s Office of Foreign Assets Control, and several other laws critical to safeguarding the U.S. financial system and national security.
“As promised, Treasury will reward whistleblowers who provide timely, actionable information on fraud, sanctions violations, and other significant illicit finance activity,” said Secretary of the Treasury Scott Bessent. “President Trump has been clear that Americans have a right to know that their tax dollars are not being diverted to fund acts of global terror or to fund luxury cars for fraudsters. At Treasury, we follow the money, and we strongly encourage individuals to come forward with credible tips to help safeguard our financial system.”
Guns-for-cannabis network hit: Europol high-value target arrested in international action
A Europol high-value target has been arrested and key members of his criminal network targeted during a coordinated action on 23 March across Spain, Bulgaria and Greece.
The network is suspected of trafficking firearms from the Western Balkans and Türkiye into the European Union, exchanging them for cannabis and fuelling organised crime across multiple Member States.
Disclaimer
This article is intended for general information purposes only and does not constitute legal advice. For advice specific to your situation, please contact our team at T & M Legis for a consultation with our Legal Experts.
