Welcome to our weekly newsletter that provides you with the most recent updates and insights regarding AML, financial crime compliance, and emerging risks.

This week we begin with two individuals receiving sentences in connection with an international money laundering and bank fraud scheme, as announced by the U.S. Attorney’s Office in Massachusetts. Moving on, founders and executives of a digital asset company face charges related to a multi-million-dollar fraud scheme, according to the U.S. Attorney’s Office

Furthermore, we shed light on a former high-ranking executive of an investment fund confessing to participating in a USD 294 million securities fraud conspiracy, as reported by the U.S. Attorney’s Office in New Jersey. In another story, Donald Trump Jr. continues his testimony in a fraud trial on the second day, as part of legal proceedings related to alleged fraudulent activities

Moving forth, Sam Bankman-Fried, founder of FTX, is accused of believing rules didn’t apply to him, leading to legal troubles as per prosecutors in 2023. Lastly, a scam involving a counterfeit Ledger Live app has resulted in the theft of more than USD 500,000 worth of Bitcoin, according to reports.