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U.S. Treasury launches the AI Innovation Series to leverage AI in finance, enhancing fraud detection, credit risk management, and cybersecurity, while setting standards for safe and responsible adoption

March 23, 2026

The series will host multiple roundtables with financial institutions, technology firms, regulators, and experts to identify high‑value AI use cases—such as fraud detection, cybersecurity, credit underwriting, and operational risk management—and to discuss governance, supervision, and risk‑management practices. The effort aims to support financial stability and economic security by promoting disciplined AI adoption that enhances resilience and oversight as the technology becomes embedded in core financial services…

White House releases its National Policy Framework for AI, calling on Congress to set a unified national standard that protects rights, drives innovation, protects communities, and counters AI-enabled risks

March 20, 2026

It sets out key priorities including protecting children online and empowering parents, safeguarding communities, addressing intellectual property in AI training, protecting free speech, promoting innovation and U.S. AI leadership, and AI workforce development, while also calling for federal preemption of burdensome state AI laws to establish a single national standard and avoid a fragmented regulatory landscape…

U.S. SEC issues an interpretation clarifying how federal securities laws apply to crypto assets, providing a clear framework that categorises digital assets as commodities, collectibles, tools and stablecoins

March 17, 2026

The guidance categorises crypto assets into types such as digital commodities, stablecoins, digital collectibles and digital tools, stating that most do not fall within securities laws, while reaffirming that assets offered as investment contracts or representing traditional securities remain subject to SEC oversight. It also emphasises that classification depends on how assets are marketed and used, noting that even non-security tokens can become securities if promoted with an expectation of profit, and signals potential future rulemaking including a “safe harbour” framework to support compliant…

U.S. Treasury publishes 2026 National ML Risk Assessment, warning criminals are exploiting fraud, drug trafficking, cybercrime, and digital assets to launder money, urging stronger public-private action

March 12, 2026

The report assesses vulnerabilities across sectors—including banks, money services businesses, casinos, cash-intensive industries, and legal entities—and underscores the urgent need for both public and private sectors to strengthen risk‑mitigation measures, enhance monitoring and reporting, and adopt innovative strategies to detect, deter, and disrupt money laundering, terrorist financing, and proliferation financing, reinforcing the U.S. commitment…

FinCEN expands its Geographic Targeting Order along the U.S. southwest border, requiring MSBs to report and verify $1,000–$10,000 cash transactions to disrupt Mexico-based cartels

March 10, 2026

The order mandates that money services businesses in specified counties along the U.S.–Mexico border report cash transactions above a lowered threshold of $200, aiming to detect and disrupt illicit financial flows associated with drug cartels and transnational criminal organisations. FinCEN states that the enhanced reporting will strengthen law-enforcement visibility into cross-border financial activity and support efforts to combat money laundering, narcotics trafficking and related criminal networks operating in the region…

White House proclaims a bold crackdown on Western Hemisphere cartels and terrorist gangs, pledging coordinated military, financial, and legal action with 17 allied nations to dismantle their networks

March 7, 2026

The declaration calls for coordinated action among the United States and allied countries to strip criminal organisations of territory, financing and resources that enable violence, drug trafficking and intimidation. It also commits the U.S. to training and mobilising partner-nation militaries and strengthening cooperation to counter external influences and transnational organised-crime networks operating in the region…

White House issues an Executive order to fight cybercrime and fraud, coordinating agencies and the private sector to disrupt transnational criminal networks

March 6, 2026

The order mandates a comprehensive review and action plan to identify cyber-enabled criminal networks running activities such as ransomware attacks, phishing, impersonation scams and sextortion schemes, which the administration says are often coordinated by transnational organised crime groups. It also instructs federal agencies to prioritise prosecutions of cyber-enabled fraud, enhance intelligence-sharing with private-sector cybersecurity firms, and use diplomatic pressure, sanctions, visa restrictions…

U.S. DOJ files civil forfeiture to seize over $15M from an Iranian oil network using front companies like Wellbred Capital that allegedly laundered funds to support IRGC and terrorist operations

March 6, 2026

The funds allegedly supported the National Iranian Oil Company (NIOC), the IRGC, and IRGC-Quds Force, all designated terrorist organizations, in violation of U.S. sanctions under the International Economic Emergency Powers Act (IEEPA). Shamkhani’s network operated a fleet of vessels, front companies, and shell firms—including Wellbred Capital Pte. Ltd. and Wellbred Trading DMCC—to launder profits from Iranian and Russian oil sales, conceal Iranian involvement, and fund terrorist activities. U.S. authorities, including DOJ, OFAC, FBI, HSI, and IRS-CI, emphasized coordinated enforcement to dismantle the network, protect the U.S. financial system, and prevent funds from reaching Iran’s terrorist proxies…

U.S. Attorney’s Office files a civil forfeiture action to recover $327K in Tether cryptocurrency linked to a ML scheme from an online romance fraud targeting a Massachusetts resident

March 2, 2026

The scam involved the victim being lured through a dating app into sending funds under the guise of a cryptocurrency investment, which were then routed through multiple wallets and converted to USDT to conceal their origin. Authorities seized the cryptocurrency in August 2025, and the action is part of broader efforts to forfeit fraud-related crypto assets, return funds to victims, and combat cybercrime….

U.S. DOJ confirms its D.C. Scam Center Strike Force has seized over $580M in cryptocurrency from Chinese transnational criminals running large online investment scams targeting U.S. victims

February 26, 2026

These criminal networks are primarily based in Southeast Asia, including Burma, Cambodia, and Laos, and use sophisticated online platforms to solicit investments and extract funds from unsuspecting individuals. The task force, active since November 2025 and comprising the FBI, Secret Service, IRS Criminal Investigation, and DOJ Criminal Division units, is working to pursue forfeiture of the stolen assets and return as much as possible to defrauded victims. This operation represents a coordinated federal effort to disrupt transnational…

US DoJ charges 6 more individuals in a massive international “ATM jackpotting” scheme, part of a network that used malware to steal millions from U.S. ATMs

February 20, 2026

A federal grand jury in Nebraska has indicted six additional individuals in a sprawling international ATM jackpotting conspiracy that used malware to steal millions from U.S. ATMs, bringing the total charged defendants to 93. The scheme, linked to the Venezuelan criminal group Tren de Aragua (TdA), involved bank fraud, computer fraud, bank burglary, and money laundering, with individual jackpotting attempts causing losses of over $100,000 and total losses exceeding $6 million…

US Treasury releases 2 new resources to guide AI use in financial services, a standardised AI Lexicon and AI Risk Management Framework to help FIs manage AI risks, enhance controls, and drive innovation

February 19, 2026

The Treasury introduces an Artificial Intelligence Lexicon and a Financial Services AI Risk Management Framework to establish shared terminology and support consistent, risk-based governance of AI across the financial sector. These tools aim to enhance cybersecurity, operational resilience and responsible innovation by helping institutions manage AI risks while supporting wider adoption of AI technologies in financial services…

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