Fincrime & AML
# Telemedicine CEO Sentenced to 19 Years Over $1 Billion Medicare Fraud Scheme
A Kansas healthcare technology executive has been sentenced to 19 years in prison for his role in a fraud scheme that ge...
A network that laundered more than four million euros from scams by sending the money to Nigeria falls
Spanish Police Bust €4 Million International Money Laundering Ring Bound for Nigeria. The Spanish Civil Guard has disman...
U.S. Regulators Hit UBS With $173 Million in Coordinated AML Enforcement Action
Eight years after promising regulators it would fix persistent weaknesses in its anti-money laundering controls, UBS is...
FATF's June Plenary Trims the Grey List — Africa's Compliance Burden Isn't Going Away
The Financial Action Task Force closed its June 2026 plenary by removing Algeria and Namibia from its list of jurisdicti...
The Fraud–AML Wall Is Coming Down. Is Your Function Ready?
For twenty years, fraud teams and AML teams have sat in different parts of the org chart, run different systems, and ans...
FATF's New Fraud Agenda, a Record INTERPOL Sweep, and a Wave of Regulatory Reform
The middle of 2026 has delivered one of the busiest stretches for financial crime prevention professionals in recent mem...
CPMI and IOSCO Release New Guidance on Managing Business Risks in Financial Market Infrastructures
The Committee on Payments and Market Infrastructures (CPMI) and IOSCO have released final guidance to help financial market infrastructures strengthen their approach to managing business risks and preparing for potential financial losses. The guidance clarifies existing requirements under Principle 15 of the Principles for Financial Market Infrastructures, following an assessment that identified weaknesses in how some institutions were applying the standards.
# Telemedicine CEO Sentenced to 19 Years Over $1 Billion Medicare Fraud Scheme
A Kansas healthcare technology executive has been sentenced to 19 years in prison for his role in a fraud scheme that generated more than $1 billion in claims against Medicare and other federal healthcare programmes. The case exposed how fraudulent medical orders, illegal kickbacks and deceptive telemedicine practices were used to exploit public healthcare funds.
FATF Warns Gaming and Gambling Sectors Face Growing Financial Crime Risks
The Financial Action Task Force (FATF) has identified new ways criminals are exploiting gaming and gambling platforms to move money, evade controls and support wider criminal activity. With online and cross-border gambling expanding rapidly, the FATF has issued new risk indicators to help regulators, financial institutions and industry operators detect suspicious activity and respond to money laundering, terrorist financing and other financial crime risks.
Guns, Camouflage and Facebook: How Colombia’s ‘Narcoinfluencer’ Turned Crime Into Content
Nain Pérez, known online as Bendito Menor, built a huge following by mixing images of money, romance and armed life with a criminal persona. His rise shows how social media can turn organized crime into something dangerously close to celebrity culture.
ENISA Warns Digital Dependencies Are Expanding Europe’s Cyber Attack Surface
Europe’s growing reliance on interconnected digital technologies is creating new cybersecurity challenges, with ENISA warning that increasing digital dependencies could widen the region’s exposure to cyber threats, vulnerabilities and potential disruptions across critical sectors.
A network that laundered more than four million euros from scams by sending the money to Nigeria falls
Spanish Police Bust €4 Million International Money Laundering Ring Bound for Nigeria. The Spanish Civil Guard has dismantled a criminal network responsible for laundering over €4 million generated through cyber fraud, CEO scams, and identity theft across Europe. The organization utilized "smurfing"—splitting large illicit funds into more than 9,200 small-wire transfers using falsified passports and stolen identities—to bypass anti-money laundering controls and funnel cash into Nigeria. The two-phase operation led to 20 arrests, investigations into 11 others, and raids targeting key leaders in Bilbao as well as several complicit money transfer agencies.
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