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European sanctions enforcement has reached a significant milestone with its 800th blog post, revealing dramatic shifts in penalty patterns and custodial sentences across the continent. Annual fines have climbed to €115.3 million in 2026 with nearly four months remaining, while jail terms have exceeded 175 years in just three years, signaling an unprecedented era of aggressive enforcement driven by EU harmonization directives.

On June 3, 2021, the White House issued a memorandum formally establishing the fight against corruption as a core national security interest.

On February 6, 2020, the U.S. Department of the Treasury issued the 2020 National Strategy for Combating Terrorist and Other Illicit Financing (the "2020 Strategy")...

Within months of bringing charges against two twenty-year-olds in connection with an NFT "rug pull," the Department of Justice has brought charges of ...

On December 21, 2016, the European Commission published a legislative proposal for a Directive on countering money laundering by criminal law.

Angelika Hellweger of Rahman Ravelli details the penalties imposed on the bank and the message they send to the wider financial sector.

On Monday, July 18, 2011, the federal Financial Crimes Enforcement Network ("FinCEN") released a Final Rule, "Definitions and Other Regulations Relating to Money Services Businesses," which more clearly defines which businesses qualify as "Money Services Businesses" ("MSBs") and are therefore subject to anti-money laundering rules under the federal Bank Secrecy Act ("BSA").

FinCEN Deputy Director Jamal El-Hindi described agency efforts to encourage innovation in anti-money laundering.

Among a bank board of directors' many obligations is the responsibility to assure the bank complies with Bank Secrecy Act and other anti-money laundering laws and regulations.

On February 27, 2017, The Financial Crimes Enforcement Network ("FinCEN") fined Merchants Bank of California ("Merchants") $7 million for what it called "egregious" violations of the Bank Secrecy Act ("BSA").

FinCEN has issued a July alert urging banks and financial institutions to enhance their detection and reporting of fraud schemes targeting federal student aid programs. The alert identifies three primary fraud methods—ghost students, straw students, and insider-assisted schemes—and provides specific red flags to help institutions identify suspicious activity involving the approximately $120 billion in annual federal student aid disbursements.

FinCEN has issued updated guidance clarifying how financial institutions can share information about suspected fraud under Section 314(b) of the USA Patriot Act. This guidance provides important clarification on information-sharing protocols between financial institutions in fraud detection and prevention efforts.

On 28 August 2024, the Financial Crimes Enforcement Network (FinCEN) finalized regulations that add certain investment advisers (Covered Advisers) to the definition of a "financial institution"...

On November 4, 2025, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) designated eight individuals and two entities for their involvement in laundering funds derived...

The US Treasury Department's Office of Foreign Assets Control has sanctioned Shelbit, a Dubai-based cryptocurrency exchange, for allegedly processing millions of dollars...

FinCEN assessed a $60 million penalty against an operator of two convertible virtual currency exchangers (called "mixers" or "tumblers") for violations of the Bank Secrecy Act's registration, program, and reporting requirements.

The United States Attorney's Office recently reported one guilty plea and another indictment involving cryptocurrency-related fraud. Last week, Jared Rice Sr.,

With the advent of blockchain technology, vendors are increasingly accepting payments of goods, including artwork, with digital currency.