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US DoJ secures $510m penalty from Credit Suisse Services AG for conspiring with US taxpayers to conceal $4bn in assets across 475 offshore accounts

by Jyotsna Bucktowar | May 8, 2025

The Swiss financial institution has been accused of conspiring to assist U.S. taxpayers in evading their tax obligations by concealing their ownership of funds at Credit Suisse. As part of the resolution, Credit Suisse Services AG has agreed to pay a $510 million...

US DoJ charges Iranian national for operating Nemesis market, a dark web platform facilitating $400K transactions in drugs, cybercrime, and ML – exposing the rising threat of dark web crimes

by AdrianaAMLP | Apr 17, 2025

Iranian national Behrouz Parsarad faces charges of conspiracy to distribute controlled substances, money laundering, and more. The U.S. government, in collaboration with German and Lithuanian authorities, seized the market in March 2024. Parsarad could face life in...

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...

US DoJ charges 2 Iranian nationals for conspiring to acquire US drone parts for Iran, supporting the IRGC (a foreign terrorist organisation), and engaging in ML to evade sanctions

by AdrianaAMLP | Apr 1, 2025

The complaint outlines their use of shell companies and false representations to bypass U.S. sanctions, supplying parts for drones like the Mohajer-6, which were used in military operations in Ukraine…

US DoJ seizes around $201,400 in cryptocurrency linked to Hamas, disrupting a terror financing network that laundered over $1.5m since Oct 2024

by AdrianaAMLP | Mar 27, 2025

The funds were traced through fundraising addresses controlled by Hamas, laundered via virtual currency exchanges, and aimed at supporting terrorist activities…  
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