Keeping up with Fraud and Financial Crime - Monthly Roundups by Iris

Fraud and Financial Crime news, once a month, in about five minutes: payment fraud and scams, APP fraud and reimbursement, anti-money laundering (AML), sanctions compliance, account takeover and identity fraud, fraud detection and AI, and financial crime enforcement. Every story links to its sources.

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Latest: September 2026

FinCEN fines UBSFS $125M for repeat BSA violations

FinCEN imposed a $125 million recidivist BSA penalty on UBS Financial Services for unmonitored foreign-currency wires,
The UK committed at least £550 million to a new AML and asset-recovery strategy built around NFIS and supervisory consolidation,
APP reimbursement improved to 88%, but scope exclusions and uneven bank decisions continue to leave hybrid scams outside the scheme,

September 202613 October 20263 min listen
FinCEN fines UBSFS $125M for repeat BSA violations
In this report September brought enforcement that tested whether firms had actually fixed known weaknesses, alongside new regulatory infrastructure and sharper measurement of fraud and financial abuse. The common thread is a move from…

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