The cryptocurrency theft is the largest in history. The Federal Bureau of Investigation (FBI) identified the hackers in the recent theft of $6.3 billion in Binance cryptocurrency as…
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Justice Department Indicts of VA State Senator for Criminal Marijuana Distribution Enterprise
The attorney general said, The charges alleged in this indictment reveal the behavior of a public servant who put her own financial interests before the people she was…
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Treasury Department Imposes Penalties on Bank of America for Processing Sanctions Evasions and Money Laundering
The fine is the third-largest in U.S. history. The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) announced penalties of over $1.21 billion against Bank of America for violating…
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FinCEN Identifies $17 Billion in Healthcare Fraud
Secretary Bessent said, “Treasury will continue working alongside our law enforcement partners to disrupt fraud wherever it occurs, protect Americans, and safeguard the integrity of taxpayer-funded programs.” The…
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DOJ Reports Sentencing of Feeding Our Future Fraud Ringleader
Federal funding was siphoned through multiple fraudulent avenues. The Department of Justice announced that the founder and director of Feeding Our Future, Aimee Bock, has been sentenced to…
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Federal Grand Jury Charges Nonprofit for Fraud, Money Laundering
Acting Attorney General Blanche and FBI Director Patel announced the indictment against Southern Poverty Law Center. The Department of Justice announced that a federal grand jury in Montgomery,…
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Treasury Proposes Rules for Stablecoin Oversight Under New Federal Law
The draft regulation outlines anti-money laundering and sanctions requirements for digital payment issuers. The Financial Crimes Enforcement Network (FinCEN)and the Office of Foreign Assets Control (OFAC) recently introduced…
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Treasury Secretary Takes More Steps to Address Fraud Against Federal Healthcare Programs
FinCEN also issued an advisory for financial institutions after launching a whistleblower website. Treasury Secretary Scott Bessent announced that financial institutions are being encouraged to alert Financial Crimes…
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FBI Opens Office in Ecuador as U.S. Strengthens Security Relations
The U.S. and Ecuador expand their joint capacity to fight against crime across borders. The Federal Bureau of Investigation is opening an office in Quito, Ecuador. The announcement…
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State Department Offers Rewards for Arrest of Sinaloa Cartel Leaders
Up to $5 million offered for information on two fugitives charged with drug trafficking and related offenses The State Department’s Bureau of International Narcotics and Law Enforcement Affairs…
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