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 Donald Trump is set to appear in a USD 250 million civil trial in New York, addressing allegations related to his business dealings and practices. Moving on, UK Finance reports a criminal sentenced in a mandate fraud case exceeding GBP 2 million, highlighting the organization’s efforts in combating financial crimes.

Furthermore, we shed light on Sam Bankman-Fried’s fraud conviction unfolds in Midland Daily News, shedding light on significant legal developments within the financial industry and their potential implications. In another story, Citigroup agrees to a USD 259 million settlement in 2023, resolving discrimination claims in the United States and addressing issues related to financial practices.

Moving forth, A former Kansas City bank manager is sentenced for embezzling USD 1.5 million, shedding light on financial misconduct within the banking sector. Lastly, Bitwise founders were charged in a USD 100 million financial fraud scheme, highlighting the legal action against individuals involved in the cryptocurrency sector.