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New York State Police and DFS launch a joint crackdown on insurance fraud – training 250 investigators to combat staged crashes and FC amid over 51,000 suspected fraud cases in 2025 

by AdrianaAMLP | Apr 9, 2026

This partnership introduces specialised training for law enforcement and investigators, alongside policy proposals to strengthen legal liability, improve reporting timelines, and expand resources dedicated to fraud enforcement. It also highlights the scale and growth...

NYDFS fines Block, Inc. $40m over major AML and crypto compliance failures on its Cash App platform, citing serious gaps in customer identification and transaction monitoring

by AdrianaAMLP | Apr 10, 2025

BSA/AML compliance failures cited include: weak customer due diligence, poor risk controls, and unchecked high-risk Bitcoin transactions on Cash App. Block must now appoint an independent monitor to oversee its remediation and ensure compliance with New York...

NYDFS issues new guidance to address security risks arising from AI

by AdrianaAMLP | Oct 16, 2024

The guidance builds on the Department’s ongoing work to protect New Yorkers and DFS-licensed entities from cybersecurity risks through its nation-leading cybersecurity regulation (23 NYCRR Part 500) and follows recently adopted DFS guidance to combat discrimination by...

Recent Posts

  • FATF officially launches its 2026–2028 ‘Roadmap on Combatting Fraud’, marking the start of the UK Presidency, targeting scam compounds
  • AMLA consults on draft common standards for reporting suspicious activities and transaction records
  • FCA sets landmark crypto rules, requiring full authorisation for crypto firms and stricter prudential
  • FinCEN warns Mexican cartels are increasingly using fuel smuggling as a TBML scheme
  • GRECO’s 2025 Annual Report urges government leaders to lead by example on integrity

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