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US DoJ Fraud Division announces enforcement actions tackling nearly $1B in fraud schemes across healthcare, tax, and benefits systems, securing major convictions and long prison sentences nationwide

May 8, 2026

The cases include large-scale Medicare and Medicaid scams involving unnecessary medical testing, multimillion-dollar public benefits fraud with international money laundering links, and COVID-19 relief and tax-related abuses, alongside identity theft and bank fraud operations across multiple states. Several defendants have received lengthy prison sentences and significant restitution orders, reflecting an intensified DOJ crackdown through its newly established National Fraud Enforcement Division aimed at strengthening coordinated action against…

US Treasury and IRS are tightening oversight of non-profits through enhanced Form 990 reporting to expose hidden funding, improve transparency, and curb fraud and abuse in tax-exempt structures

April 23, 2026

The U.S. Treasury and IRS have announced a Form 990 transparency initiative to strengthen oversight of tax-exempt organisations by requiring more detailed disclosure of government grants, contracts, and fiscal sponsorship arrangements, with the aim of improving accountability, clarifying how public and donor funds are controlled and spent, and reducing risks of fraud, abuse, and hidden financial activity within nonprofit structures…

US DoJ announces a $300M funding program to strengthen nationwide efforts to prosecute fraud, drug trafficking, and other serious crimes by expanding federal–local prosecutorial capacity

April 22, 2026

The program will support state, local, tribal, and territorial prosecutors by embedding them in federal offices as Special Attorneys or Special Assistant U.S. Attorneys, enhancing coordination and investigative capacity. The initiative is designed to improve the government’s ability to tackle complex and organised criminal activity, including financial fraud and transnational drug networks, while reinforcing collaboration between federal and local law enforcement agencies…

US DoJ reveals a UK national pleaded guilty to wire fraud conspiracy, hacking at least a dozen U.S. companies via SMS phishing and stealing over $8M in virtual currency

April 17, 2026

Authorities say Buchanan and his co-conspirators impersonated companies and IT providers to trick employees into entering credentials on fake login pages, enabling access to corporate systems and sensitive data across sectors including technology, telecoms, cloud services, and outsourcing firms. The group then leveraged stolen information to target individual victims’ crypto accounts, bypassing two-factor authentication through SIM-swapping attacks that transferred control of victims’ phone numbers to devices under their control…

U.S. authorities, under ‘Operation PowerOFF’, conduct coordinated cyber operations to dismantle global DDoS-for-hire services enabling illegal attacks on websites and critical systems worldwide

April 16, 2026

The US DoJ, along with international law enforcement partners, seizes multiple domains and infrastructure linked to botnet operators, disrupts backend servers, and launches a global awareness campaign to deter cybercrime. The action targets services allegedly used to attack schools, government systems, gaming platforms, and critical infrastructure, underscoring ongoing efforts to combat cybercrime networks that threaten internet stability and security…

FinCEN reports its Rapid Response Program has intercepted nearly $2B in cyber-fraud losses by rapidly coordinating across jurisdictions to trace, freeze, and recover funds stolen by global scam networks

April 15, 2026

The programme operates through partnerships with U.S. law enforcement and foreign financial intelligence units to identify and halt fraudulent cross-border transactions before funds are dissipated. Financial institutions play a key role by promptly reporting suspicious activity and triggering rapid intervention, with effectiveness highest when incidents are reported within tight timeframes…

US Treasury proposes a rule to subject permitted payment stablecoin issuers to Bank Secrecy Act AML/CFT and sanctions obligations, bringing them within the core U.S. financial crime regulatory framework

April 10, 2026

The proposal requires issuers to implement risk-based AML/CFT programmes, including customer due diligence, suspicious activity reporting, independent testing, and designated compliance officers. It also mandates comprehensive sanctions compliance capabilities—such as the ability to block or freeze transactions—while tailoring requirements to the size and complexity of stablecoin business models.

US Treasury launches a Cybersecurity information-sharing Initiative for the Digital asset industry to provide firms with actionable threat intelligence to strengthen defences against evolving cyber risks

April 9, 2026

This initiative expands access to high-quality cyber threat data traditionally available only to regulated financial institutions, helping firms better identify, prevent, and respond to attacks. It also aligns with broader policy efforts to integrate digital assets into the financial system while reinforcing operational resilience and protecting consumers and market stability…

US Treasury proposes rule to regulate payment stablecoin issuers as financial institutions under the GENIUS Act, requiring AML and sanctions compliance to counter illicit finance risks

April 8, 2026

Rules set out detailed obligations for issuers, including suspicious activity reporting, sanctions controls, and the ability to block or freeze unlawful transactions. It also introduces a flexible framework that balances federal and state oversight and aligns regulatory expectations with broader efforts to modernise financial crime supervision…

FinCEN proposes a rule to fundamentally reform AML/CFT programs under the Bank Secrecy Act, shifting from “check-the-box” compliance to risk-based, effectiveness-focused outcomes

April 7, 2026

Reforms introduce clearer distinctions between programme design and implementation, reinforces financial institutions’ responsibility to assess and manage their own risks, and embeds AML/CFT priorities into compliance expectations. It also strengthens FinCEN’s coordinating role in supervisory actions and aligns regulatory requirements with the Anti-Money Laundering Act of 2020 to improve consistency and outcomes across institutions…

FinCEN announces a targeted enforcement initiative to disrupt Govt healthcare-related fraud schemes, using intelligence-led analysis to detect and stop ML networks abusing U.S. public benefit systems

March 30, 2026

The initiative focuses on identifying and combating networks involved in healthcare-related fraud, money laundering, and misuse of public benefit programs, using enhanced data analysis, inter-agency coordination, and enforcement actions to trace illicit flows and hold perpetrators accountable. It reflects FinCEN’s growing emphasis on data-driven, intelligence-led financial crime enforcement to safeguard the integrity of the financial system and public resources…

US DoJ updates its Corporate Enforcement Policy, urging companies to voluntarily disclose potential national security law violations, including export control and sanctions breaches