Reports of impersonation scams targeting people over 60 have quadrupled since 2020, with losses topping $445 million in 2024. The Federal Trade Commission (FTC) reported a significant rise…
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FBI Warns International College Students of Chinese Police Officer Scam
The agency says a fake police officer threatens targets at U.S. universities with arrest for financial fraud. Officials from the Philadelphia office of the U.S. Federal Bureau of…
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FTC Issues Alert Regarding “Protect Your Money“ Scams
The agency stated, “No one from the government will ever tell you to buy and deliver gold bars, move your money, or give cash to anyone.“ The Federal…
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FBI Warns of Online Exploitation of Adolescents
Financial extortion cases resulting in the victimization of teens have been linked to Nigeria and other African nations. The Federal Bureau of Investigation (FBI) released a public service…
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Treasury Hosts IMPACT Exchange to Address Iran’s Illicit Financial Networks
U.S. Treasury collaborates with major banks and law enforcement to block Iranian sanctions evasion. U.S. Treasury Secretary Scott Bessent convened leaders from 16 major global financial institutions along…
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President Orders Creation of Federal Cryptocurrency Stockpile
The reserve will start with Bitcoin seized by law enforcement from financial crimes. President Donald Trump signed an executive order on Thursday to establish a “digital asset stockpile,”…
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J.P. Morgan Settles SEC Charges for Investor Misconduct
The firm agrees to pay over $151 million for misleading disclosures, fiduciary breaches, and conflicts of interest in multiple enforcement actions. The U.S. Securities and Exchange Commission (SEC)…
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TD Bank Reaches $3 Billion Money Laundering Settlement with Justice Department
It is the largest bank ever to plead guilty to money laundering in the United States. The Department of Justice (DOJ) came to a $3 billion agreement with…
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Treasury Department Takes Action on Mail Theft Check Fraud
Federal agencies and Postal unions call for stronger protections as mail theft-related fraud rises nationwide. The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) reported a significant rise in…
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Treasury Sanctions Hezbollah Petroleum Gas Smuggling Network
Five companies and two vessels tied to Hezbollah finance team sanctioned. The Treasury Department announced that it has sanctioned ten entities tied to Hezbollah’s oil and gas smuggling…
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