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Truth Technologies, Inc., Naples, FL (2026)

10/14/2026

FinCEN withdrew its crypto mixer rule on October 6, 2026. 👀

The same week, OFAC designated the A7 Network, a Russia-linked shadow banking operation that used crypto exchanges to disguise illicit payments as legitimate commercial activity.

That tension is the compliance story.

The withdrawal removes two proposed rules that were never final law. It does not remove the AML framework that already applied to crypto firms. SAR filing, BSA compliance, the Travel Rule, and OFAC sanctions screening are all unchanged.

FinCEN’s own withdrawal notice acknowledged that illicit actors continue to use mixers to frustrate law enforcement. The obligation to file a SAR on suspicious mixer activity did not go anywhere.

For institutions with EU operations, the picture is more complicated. The EU’s AML Regulation tightens crypto controls from July 2027 regardless of what FinCEN does domestically. The two jurisdictions are moving in opposite directions.

We broke down what changed, what didn’t, and what it means for your compliance program.

http://truthtechnologies.com/fincen-crypto-mixer-rule-withdrawal/

10/14/2026

FinCEN withdrew its crypto mixer rule on October 6, 2026. 👀

The same week, OFAC designated the A7 Network, a Russia-linked shadow banking operation that used crypto exchanges to disguise illicit payments as legitimate commercial activity.

That tension is the compliance story.

The withdrawal removes two proposed rules that were never final law. It does not remove the AML framework that already applied to crypto firms. SAR filing, BSA compliance, the Travel Rule, and OFAC sanctions screening are all unchanged.

FinCEN’s own withdrawal notice acknowledged that illicit actors continue to use mixers to frustrate law enforcement. The obligation to file a SAR on suspicious mixer activity did not go anywhere.

For institutions with EU operations, the picture is more complicated. The EU’s AML Regulation tightens crypto controls from July 2027 regardless of what FinCEN does domestically. The two jurisdictions are moving in opposite directions.

We broke down what changed, what didn’t, and what it means for your compliance program.

Link in comments. 👇

10/07/2026

On 1 October 2026, AMLA finalized three draft regulatory technical standards and submitted them to the European Commission. 🚨

They cover three things compliance teams have been waiting on: when dealings with a customer become a business relationship requiring full CDD, what customer due diligence must collect and verify, including PEP screening and electronic identification, and how group-wide AML controls must work across EU operations.

These are final drafts, not yet law. The Commission still has to adopt them. But the AMLR generally applies from 10 July 2027, and the definitive RTS requirements and dates will depend on the adopted texts.

Now is the time to use these drafts for gap analysis, not wait for the final adoption date.

Full breakdown on the blog. Link in comments. 👇

09/23/2026

A bank CEO got OFAC approval for a transaction. Then he cut a secret side deal with the same sanctioned customer. He is now going to prison for over 9 years. 👀

He had obtained OFAC authorization to foreclose on the sanctioned customer’s home. Then, without disclosing it to OFAC, he agreed to sell the property back to that same individual through a front company for $4 million.

That is what using an OFAC license as cover looks like.

On September 21, 2026, Tomás Niembro Co**ha, former CEO of Nodus International Bank, was sentenced to 112 months in federal prison. The charges: conspiracy to commit wire fraud and conspiracy to violate the International Emergency Economic Powers Act.

The wire fraud is significant on its own. He caused his bank to funnel at least $24.9 million back to himself and a co-conspirator through sham investments and promissory notes. Nodus Bank failed in 2023 as a direct result. ⚠️

But it is the OFAC detail that compliance teams should pay attention to. An authorized transaction does not authorize the private agreement running alongside it.

We broke down both schemes and what they mean for your sanctions compliance program.

https://truthtechnologies.com/nodus-bank-ceo-sentenced/

09/15/2026

Singapore is auctioning off 250 Hermès bags seized from money launderers. Right now, in 2026. 👀

The raids happened in August 2023. Three years later, authorities are still working through the inventory. The haul is so large it will take 15 auctions and nine months to sell it all.

In 2023, Singapore police raided a criminal network that had moved more than $2.4 billion through one of the world’s strictest financial centres. The network stored that wealth in property, cars, gold, crypto, and hundreds of luxury handbags.

The criminals bought Hermès and Cartier because high-end goods hold value, travel across borders, and until recently, nobody was asking where the money came from.

That is starting to change in some jurisdictions. But the Singapore case shows what the gap looks like at scale. ⚠️

$2.4 billion in. Three years of auctions to get it back out.

We broke it all down on the blog below 👇
https://truthtechnologies.com/singapore-money-laundering-luxury-goods/

09/11/2026

A trading company declared personal wealth as its source of funds. 👀‼️

The NCA traced the money through Chinese front companies later designated by the US for Iranian oil sales and payments to the Qods Force.

£3.84 million was forfeited without any criminal charges or admission of wrongdoing.

The part compliance teams need to sit with: the counterparties were not sanctioned when the payments cleared. They were designated later. A one-time check at onboarding would not have caught it. ⚠️

By the time the funds hit UK accounts, they had passed through China, the UAE, and a Caribbean shell company. Each hop made the origin harder to trace.

This is exactly the kind of structure Sentinel is built to catch. When a counterparty connected to your existing customer gets designated, your program needs to surface that connection before the NCA does.

We broke down how the money moved and what it means for your program.

Read more 👉 https://truthtechnologies.com/enex-nca-iran-sanctions-evasion/

09/02/2026

Truth Technologies is now ISO/IEC 27001:2022 certified.

This certification, backed by an independent assessment, confirms that our information security management system meets a globally recognized standard for protecting sensitive data.

For the financial institutions and regulated businesses that rely on Sentinel every day, this means an added layer of independently verified assurance around how we manage and protect the AML, KYC, and compliance data you trust us with.

Read our full press release here:
https://apnews.com/press-release/ein-presswire-newsmatics/press-release-c220c61dab6153b537570c8eeb2f6157

08/26/2026

If your compliance platform vendor is also conducting your audit, your program has a structural problem.

Not a process problem, but a structural one.

The three roles in any credible compliance program must be held by these three independent parties:

1. The auditor evaluates whether your controls actually work
2. The data provider supplies the watchlists and PEP databases
3. The platform builds and runs your screening infrastructure

When any two of those belong to the same vendor, one of them stops being independent. And the thing is, independence is the entire point.

We put together a full breakdown of why this matters, what it looks like when it goes wrong, and where Truth Technologies stands on each of the three roles.

https://truthtechnologies.com/separation-of-powers/

08/25/2026

A casino host was told directly by a customer that he was an illegal bookmaker. 👀

He said nothing, filed nothing, and the information never reached compliance.

On August 20, 2026, Nevada regulators approved a $7.2 million AML settlement against The Venetian Las Vegas. It’s the fourth Las Vegas casino fined over the same bookmaker.

The same bookmaker hit four Las Vegas properties. The combined fine is $34 million.

The compliance lesson here isn’t complicated. The casino had documented concerns about this customer’s source of funds since 2019. Those concerns sat in a file and produced no action. A front-line employee received a direct admission of criminal activity and didn’t report it.

The information existed, but the system never moved it to the people who could act on it.

That’s the gap we keep seeing in AML enforcement actions, whether it’s a casino host in Las Vegas or a bank manager in New York.

We broke it all down in this week’s blog.
https://truthtechnologies.com/venetian-las-vegas-aml-fine/

08/18/2026

Big news from FinCEN this week. 📋

The Corporate Transparency Act is officially dead.

As of August 14, 2026, US companies and US persons no longer have to report beneficial ownership information to the government. FinCEN is also deleting the data it already collected.

For small businesses, that is a win.

For banks and financial institutions, not much has changed. ⚠️

Here’s why:

The CDD Rule, which has been in place since 2016, still requires banks to collect and verify beneficial ownership information directly from their customers. That rule wasn’t touched.

The government no longer holds the data, but banks still have to ask.

And with FinCEN’s database being deleted, banks can no longer use it as a backstop to verify what customers tell them. Your own due diligence process now has to do that job alone.

We broke it all down here 👇https://truthtechnologies.com/fincen-cta-beneficial-ownership-ruling/

Truth Technologies, Inc.

10/14/2026

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