We'll have to look at what a Presidential pardon actually is.

Is is as if the conviction didn't happen, or that the sentence is commuted, in whole or in part, or even that someone is released even though the sentence stands. Or is it whatever the President decides on a case by case basis.

A media report in Delhi says that thousands of people have been duped by an online insurance scam that sold fake insurance certificates.

On 3rd July, U.S. Secretary of the Treasury Scott Bessent issued the following statement upon passage of the One, Big, Beautiful Bill Act:

On 10 July, FAQ 153 was added to OFSI's FAQ page. FAQ 153 addresses how OFSI applies the term 'domiciled' in financial sanctions legislation.

Australia's National Anti-Scam Centre has commenced its third fusion cell – focusing on romance frauds – bringing together representatives from dating and social media platforms, law enforcement, banks, victim support services, cryptocurrency exchanges, and academic experts. The goal is to disrupt criminal groups seeking to groom Australians through online relationship frauds and steal their money.

Another Fintech has failed. This time it's Ziglu which operated a combined regulated and unregulated business with its head office at Number 1, Poultry in the City of London, almost within touching distance of the Bank of England.

Ziglu's non-regulated business was nevertheless regulated by the Financial Conduct Authority for the purposes of money laundering regulation, a point the regulator was careful to make when making an announcement this week that the company had entered administration. 

Italy's Financial Police are powerful and forceful. Formed to investigate tax crimes, they take the view that criminal enterprises fall within their purview if tax is not paid on the proceeds of criminal conduct. For decades, that has put them in the front line against corruption, fraud and, of course, money laundering. And when they find money, they tend not to let go. Some time ago, they set their sights on the logistics industry.

It's a far cry from running alongside a black car wearing dark glasses, or even tracing counterfeit bank-notes back to their source: the US Secret Service has quietly been developing the capability to track and trace proceeds of crypto-crime. And while it's not the first time authorities have confiscated crypto-assets, this is the USA's biggest to date. And there's a big surprise awaiting anyone who reads to the end of this US Secret Service media release.

On 25th June 2025, the USA's Financial Crimes Enforcement Network used The Fentanyl Sanctions Act and the FEND Off Fentanyl Act to order sanctions against three financial institutions in Mexico.

Yesterday, Thai Police said that more than a dozen foreigners were arrested in the latest swoop on one of the city's most enduring crimes: the boiler room investment fraud.