At least eight large U.S. banks have formed a private association to jointly investigate alleged financial crimes and networks of suspects whom federal law enforcement officials flag to them through section 314(a) of the Patriot Act, sources told ACAMS moneylaundering.com. Click here to read the...

A suspicious activity report that flagged a Bitcoin fundraising campaign by Palestinian group Hamas became the starting point for an interagency investigation that ended with the seizure of more than $2 million in cryptocurrency, according to a senior law enforcement official. Click here to read...

Banks that maintain relationships with financial technology-centric firms, or fintechs, should jointly file suspicious activity reports on potentially illicit transactions that affect them both, a senior regulator told attendees of an industry conference Monday. Click here to read the full article.

In retrospect, the 9/11 hijackers’ expenditures after they arrived in the U.S. in early 2000 until they crashed commercial jets into the World Trade Center, Pentagon and rural Pennsylvania on the morning of Tuesday, Sept. 11, 2001, 20 years ago this Saturday, still appear “unremarkable,”...

U.K. lenders are exercising great caution in processing humanitarian payments to Afghanistan amid a lack of guidance and uncertainty around the composition of the country's new Taliban-led government and its future relationship with the international community. Click here to read the full article.

The loss of Afghanistan has potentially opened a door for al-Qaida and other blacklisted groups to expand their fundraising networks, and brought the FBI’s closure of its Terrorist Financing Operations Section two years ago into stark relief, sources told ACAMS moneylaundering.com. Click here to read...