U.S. Treasury Links UK Polo Figures to Venezuelan Oil Money-Laundering via Swiss Bank MBaer
In March 2026, the U.S. Treasury Department, through the Financial Crimes Enforcement Network (FinCEN), identified two prominent figures in the UK polo community, Siri Evjemo‑Nysveen and her husband Alessandro Bazzoni, in connection with alleged money laundering tied to illicit Venezuelan oil sales. Both individuals were associated with MBaer Merchant Bank, a now-defunct Swiss private bank […]
French Navy Seizes Tanker Allegedly Linked to Russian Shadow Fleet in Mediterranean
The French Navy has seized an oil tanker in the Western Mediterranean that President Emmanuel Macron identified as part of Russia’s shadow fleet, a network of vessels used to export oil despite Western sanctions. Local sources told Reuters that the Mozambique-flagged tanker, named Deyna, was suspected of flying a false flag while sailing from the […]
U.S. Treasury Sanctions Facilitators of DPRK IT Worker Fraud Targeting American Businesses
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned six individuals and two entities for their involvement in North Korean government-orchestrated information technology (IT) worker schemes that defraud U.S. companies and generate revenue for the Democratic People’s Republic of Korea’s (DPRK) weapons of mass destruction programs, including nearly $800 million […]
Brazilian Police Detain Banco Master Owner Amid Allegations Involving Former Central Bank Officials
Brazilian authorities have detained Daniel Vorcaro, owner of the now-defunct lender Banco Master, as part of a widening investigation into alleged corruption, threats, and fraudulent banking practices. The detention follows a Supreme Court ruling citing a “strong indication” that Vorcaro attempted to bribe a former central bank director with gifts in exchange for preferential treatment. […]
Bithumb Faces Proposed Six-Month Partial Suspension Over AML Compliance Breaches in South Korea
South Korean cryptocurrency exchange Bithumb has been issued a preliminary notice of sanctions that could result in a six-month partial suspension of certain business activities. The notice was issued by the Financial Intelligence Unit (FIU) of the Financial Services Commission, the regulator responsible for enforcing anti-money laundering (AML) compliance for virtual asset service providers under […]
Spanish Authorities Dismantle Criminal Network Exploiting Ukrainian Refugees in Multimillion-Euro Gambling Fraud Scheme
Spanish authorities have dismantled a criminal network that exploited dozens of Ukrainian women to carry out a large-scale online gambling and money laundering operation, following a two-year investigation coordinated with Europol and INTERPOL. Twelve suspects have been arrested, with authorities estimating that the group generated approximately €4.75 million (around $5.5 million) in illicit profits. Investigators […]
New York Businesswoman Jailed for $30 Million Fraud and Illegal Political Donations Scheme
A New York-based businesswoman has been sentenced to nine years in federal prison for orchestrating a multimillion-dollar fraud scheme that targeted foreign investors and channelled illicit funds into US political campaigns. The case highlights the intersection of financial crime and campaign finance violations, raising concerns about vulnerabilities in political funding systems. Sherry Xue Li, 54, […]
UK Authorities Arrest Suspects in Multi-Million Pound Waste Fraud and Money Laundering Investigation
UK enforcement authorities have arrested two individuals in connection with a large-scale waste packaging fraud scheme suspected of generating millions of pounds in illicit profits and involving money laundering activities. The arrests, carried out in Penzance, Cornwall, form part of an ongoing investigation led by the Environment Agency into abuse of the UK’s recycling compliance […]
Pan-African Cybercrime Operation Leads to 651 Arrests and Millions Recovered in Online Fraud Crackdown
A large-scale international law enforcement operation targeting online fraud networks across Africa has resulted in 651 arrests and the recovery of more than USD 4.3 million, underscoring the growing scale and sophistication of cyber-enabled financial crime on the continent. The initiative, known as Operation Red Card 2.0, was carried out between December 2025 and January […]
Former Ukrainian Energy Minister Charged in Major Money Laundering Case After Attempted Escape
Ukraine’s anti-corruption authorities have charged a former energy minister with money laundering and participation in an organised criminal scheme, following his detention while allegedly attempting to leave the country. Investigators from the National Anti-Corruption Bureau of Ukraine (NABU) intercepted the official at the border as he boarded a train bound for Warsaw, acting on intelligence […]