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  • Deepfake Sextortion: FinCEN’s Warning and Its AML Imperatives

    Deepfake Sextortion: FinCEN’s Warning and Its AML Imperatives

    On September 8, 2025, FinCEN put out a strong warning about a disturbing trend: a surge in financially motivated sextortion. The main victims? Teenage boys. Criminals are now using generative AI and deepfakes to create realistic, explicit images of kids. Once the images are made, the victim is pressured to pay up or face exposure.…

  • How Criminals Launder Cash and What Compliance Can Do

    How Criminals Launder Cash and What Compliance Can Do

    Once criminals have accumulated large sums of illicit cash, they face the challenge of money laundering, so “cleaning” it. They want to use it without law enforcement noticing. It usually has three stages: placement, layering, and integration. Criminals mix, move, and change physical banknotes in several ways. Compliance teams need to know these methods to…

  • Why Criminals Rely on Cash and What It Means for AML Compliance

    Why Criminals Rely on Cash and What It Means for AML Compliance

    Criminals in many countries still rely heavily on cash. Whether someone is selling illegal drugs on the street, stealing valuables, running an online investment fraud scheme or evading taxes, cash offers anonymity. Unlike electronic transfers or checks, cash transactions leave almost no direct trail linking who made the operation with it. This anonymity lets criminals…

  • Structuring in Money Laundering Explained: Techniques, Red Flags and Controls

    Structuring in Money Laundering Explained: Techniques, Red Flags and Controls

    Structuring remains one of the most frequently used money‐laundering techniques worldwide. By understanding how criminals split large amounts into smaller, less‐suspicious transactions, financial institutions can better protect the integrity of the banking system. Structuring is the deliberate act of breaking a large transaction into multiple smaller ones to evade triggering mandatory reporting or recordkeeping requirements.…

  • AML Risks in Casinos and Betting Sites

    AML Risks in Casinos and Betting Sites

    Casinos handle huge amounts of cash flow and run special high-roller programs with chips and loyalty points – all of which can be used to wash dirty money. Unfortunately, many casinos still treat compliance as a low priority: staff often don’t perform strong KYC or Source of Funds/Source of Wealth checks. Their monitoring tools can’t…