Canadian Police convicts 2 individuals in the Fortress syndicated mortgage investment fraud, defrauding nearly 800 investors, sentencing them to 5 years in prison and ordering $12.2M in restitution each

by | Feb 5, 2026

Both men were convicted of one count of fraud over $5,000 and sentenced to five years in prison, ordered to pay $12.2 million each in restitution (with matching prison terms if unpaid), and given 10 years to satisfy the restitution orders. The RCMP’s Toronto...

MONEYVAL’s 2025 Evaluation report highlights Serbia’s progress in strengthening its AML/CFT framework, while warning that gaps remain in BO transparency, supervision, asset recovery, and FC enforcement

by | Feb 4, 2026

MONEYVAL’s report acknowledges progress in Serbia’s understanding of money-laundering and terrorist-financing risks, improved national risk assessment processes, and more proactive investigation and prosecution of predicate offences. However, the body identifies...

HKMA launches a Fintech Promotion Blueprint under its Fintech 2030 strategy, advancing AI-driven banking innovation, distributed-ledger technology, stronger data governance, and cyber-resilience

by | Feb 3, 2026

The plan includes four flagship initiatives a Quantum Preparedness Index, a new risk-data strategy, a fintech cybersecurity baseline, and industry-wide skills development support designed to strengthen risk management, supervision, and collaboration across Hong Kong’s...

AUSTRAC releases AML program starter kits to help small businesses in newly regulated sectors, including legal, accounting, real estate, conveyancing, and jewellery services prepare for AML/CTF obligations effective 1 July

by | Jan 30, 2026

The kits provide step-by-step guidance and practical tools to help businesses build scalable, risk-based AML programs, reduce compliance costs, and better identify and manage money-laundering and terrorism-financing risks, as part of broader AML reforms aimed at...