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FlexiNews: U.S. authorities arrested an Australian businessman over an extradition request for allegedly running a network of 2,500+ shell companies to launder illicit funds for transnational criminal groups

June 4, 2026

U.S. authorities allege the network was designed to conceal beneficial ownership and facilitate cross-border movement of illicit funds, allowing criminal proceeds to flow through the global financial system with reduced detection. Investigators claim the structures were allegedly used by transnational criminal groups, including drug trafficking organisations and sanctioned entities, to obscure transactions and integrate illicit funds into legitimate markets…

Euronews: Russia sanctions a British teenager after his open-source research exposed a Moscow-linked crypto laundering network used to evade sanctions and move war-related illicit funds

June 4, 2026

His research focused on complex crypto flows and digital asset structures suspected of being used to obscure the movement of illicit funds across borders and evade sanctions controls. Russian authorities responded by placing him on a sanctions list, effectively restricting his ability to engage with or travel to Russia and signalling a rare instance of direct retaliation against an individual researcher. The case highlights how open-source intelligence (OSINT) and independent investigations are increasingly uncovering sophisticated sanctions evasion typologies in the crypto ecosystem…

Aljazeera: Indonesia launches a major corruption crackdown, arresting several senior officials accused of bribery and abuse of power in government procurement and licensing processes

June 4, 2026

The arrests form part of an ongoing investigation by the country’s anti-corruption agency, which has been targeting officials allegedly involved in illicit financial arrangements linked to government contracts. Authorities say the crackdown is aimed at strengthening governance and deterring corruption across public institutions, particularly in sectors vulnerable to bribery and political influence…

Anthropic’s analysis of 832 banned cyber accounts reveals AI is driving more autonomous cyberattacks, blurring attacker skill levels and exposing critical gaps in the MITRE ATT&CK framework

June 3, 2026

The report highlights that AI significantly lowers the technical barrier for cybercriminals, enabling faster, more scalable, and more sophisticated attacks, while also increasing automation in social engineering and malware development. It further notes that existing cybersecurity frameworks may struggle to fully capture or anticipate these evolving AI-driven tactics, underscoring the need for stronger detection capabilities, adaptive defences…

TBIJ: Wise is under Belgian investigation over around €500M in suspicious transactions amid concerns its platform may have been exploited by criminal networks to move illicit funds across Europe

June 1, 2026

Belgian prosecutors opened the probe in 2025 after Wise accounts repeatedly appeared in hundreds of cross-border criminal investigations across more than 30 countries, raising concerns that the platform may have been used by criminal networks to move proceeds of fraud, corruption, and drug trafficking. Authorities are examining whether Wise’s controls—particularly customer due diligence and transaction monitoring—were sufficient…

BuildMoat highlights the FCA’s shift to evidence-based AI supervision, requiring firms to prove real-world governance, accountability and controls in live AI deployments over policies or frameworks

June 1, 2026

The article stresses that many firms still rely on policies, templates, or outsourced tools, but the FCA is increasingly focused on who is accountable and what evidence exists in production environments, not theoretical compliance. It argues that this marks a major regulatory shift from “principles-based governance” to “evidence-based supervision,” where firms must be able to show, not just say, how AI risks are managed in real time…

Reuters: Hungarian prosecutors seized about $300M in assets in a ML probe into Hungary’s Central Bank-linked foundations over alleged opaque structures and misuse of public funds

May 29, 2026

The probe was triggered by a State Audit Office report alleging that large volumes of public money were channelled through opaque corporate and investment structures, raising suspicions of mismanagement and potential criminal activity. Authorities are investigating dozens of individuals, companies and private equity funds, and have conducted raids and document seizures across multiple entities. While no charges have yet been filed, the central bank is reportedly cooperating with investigators as the case examines how public assets were managed under previous governance structures…

Reuters: MAS partners with private banks to speed up wealthy client onboarding by streamlining source-of-wealth checks while maintaining AML safeguards

May 25, 2026
The initiative is expected to cut onboarding times from around six weeks to under one month, supported by new guidelines, training, and case studies to improve efficiency without weakening compliance controls…

Cointelegraph: Binance rejects WSJ claims of $850M Iran-linked transactions tied to sanctioned financier Babak Zanjani, calling them inaccurate and pre-sanctions

May 23, 2026

Teng called the reporting “fundamentally inaccurate,” saying that Binance never permitted transactions with sanctioned individuals and that any flagged activity occurred before those individuals were placed under US sanctions. He also claimed Binance had investigated the issues before the Journal contacted the company, and that facts it provided were not included in the story…

IDN Financials: Goldman Sachs to pay $500M to settle a class-action suit over alleged investor misrepresentation tied to the 1MDB scandal

May 22, 2026

The lawsuit claimed the bank downplayed its role in helping 1MDB raise funds while earning significant fees from the transactions, contributing to investor losses when the scandal was exposed. The settlement resolves the shareholder claims but is separate from earlier multi-billion-dollar penalties paid by Goldman to regulators over the same case…

BBC: Nigeria’s EFCC arrests former Power Minister after weeks in hiding, following his conviction and 75-year sentence for diverting billions of naira in funds meant for hydroelectric power projects

May 20, 2026

Mamman was found guilty on 12 counts involving the diversion of funds meant for hydroelectric power projects and was sentenced in absentia after failing to appear in court. Authorities said he was tracked down in Kaduna state after weeks of surveillance and intelligence gathering, marking a rare enforcement action in Nigeria’s fight against high-level corruption…

Politico: Spain’s National Court has charged former PM with ML and influence peddling, alleging he unlawfully benefited from €1.95M out of a €53M Covid-era bailout of Plus Ultra Airlines

May 19, 2026

Authorities reportedly raided his offices and related company premises, while investigators claim the funds were channelled through offshore structures in the UAE. He has been summoned to testify on 2 June as part of the ongoing probe…

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