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FinCEN issues analysis of fentanyl-related trends in BSA reports
To combat the illegal production and trafficking of fentanyl, the FinCEN analysis said it relied on the “public-private partnership.”
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New Act on Finanstilsynet provides the FSA with new responsibilities
The new Act has moved tasks from the Oslo Stock exchange to the Norwegian Financial Supervision Authority, and introduced a new responsibility for the DG.
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Increase in suspected insider trading, and more inspection revealed in Danish FSA report
The Financial Supervisory Authority in Denmark undertook more inspections and reduced investigation times.
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CFTC warns of AI-powered scams in new advisory on fraud risks
The new advisory highlights how fraudsters use GenAI to produce fraudulent identification materials that can be highly convincing.
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FINRA fines Robinhood $26m for over a dozen rules violations
Among other things, FINRA alleged that Robinhood failed to establish adequate anti-money-laundering programs or reasonably supervise and retain certain communications.
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FinCEN targets southwest border MSBs to combat drug cartel money laundering
Designation of these cartels is designed to help cut off access by entities associated with the groups to the US financial system.
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SEC fines Momentum Advisors, two officers $500,000+ over fiduciary breaches
Momentum Advisors LLC, along with its former COO and CCO, were charged with violations related to the misuse of portfolio company assets.
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Joint federal-state effort to alert people about relationship investment scams
The nationwide collaboration seeks to help potential victims recognize relationship investment scams and what to do when witnessing these.