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…
Read MoreFinancial Crimes Enforcement
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…
Read MoreTreasury 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…
Read MoreTreasury Proposes System to Address Money Laundering in Real Estate
The department would track and flag suspicious home purchases. The U.S. Treasury Department proposed a new system that real estate agents can use to flag suspicious real estate…
Read MoreTreasury Department Announces Self-Filed Company Ownership Reports
Companies operating in the U.S. must provide information on who owns them within a year. The Treasury Department began accepting self-filed ownership information reports from businesses after the…
Read MoreFTC Reports Rise in Text Message Scams
Commission analysis reveals fake bank fraud warnings as the most common. The Federal Trade Commission (FTC) has announced the findings of recent analysis of text message scams. In…
Read MoreU.S. District Judge Sentences Infinity Q Founder to 15 Years
Imprisonment is the result of securities fraud. U.S. District Judge Denise Cote sentenced James Velissaris, the founder of Infinity Q Management, to 15 years of prison for misleading…
Read MoreCongress Passes Historic Anti-Corruption Legislation
Included in the defense bill is a provision that bans anonymous shell companies. The defense bill that Congress recently passed, which overrode the president’s veto, includes new legislation…
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