Washington man pleads guilty to $97M oil investment laundering scam
SEATTLE — A 47-year-old Washington state man pleaded guilty Friday to conspiracy to commit money laundering in a scheme that funneled nearly $100 million in fraud proceeds from phony oil and gas investments to overseas cryptocurrency wallets, federal prosecutors said. Geoffrey K. Auyeung, of Newcastle, admitted setting up nine business entities to receive funds from […]
Former DEA Deputy Chief arrested for supporting Mexican Cartel
A federal grand jury in the Southern District of New York has indicted Paul Campo, the former Deputy Chief of the Office of Financial Operations for the DEA under the Obama administration, and his associate Robert Sensi on charges including narco-terrorism conspiracy and providing material support to the Jalisco New Generation Cartel (CJNG), a Mexican […]
New reporting rule on all-cash real estate purchases by LLCs and Trusts takes effect March 1, 2026
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has officially postponed the reporting requirements of its landmark Residential Real Estate Rule until March 1, 2026, granting the real estate sector additional time to adapt to the anti-money laundering measures. The rule, finalized in August 2024, would have taken effect December 1, 2025, […]
