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PARIS— The Financial Action Task Force (FATF) is warning that decentralized finance (DeFi) is becoming an increasingly attractive tool for fraudsters, ransomware operators, professional money laundering networks and sanctions evaders, while finding that most countries have yet to implement global anti-money laundering standards governing the fast-growing sector.

NEW YORK--State attorneys general are increasingly using existing consumer protection, licensing and privacy laws—not AI-specific statutes—to crack down on companies that overstate artificial intelligence capabilities or expose consumers to harm, according to a Troutman Pepper Locke analysis reported by PYMNTS.

ITHACA, N.Y.—A man was arrested within minutes after allegedly robbing Beginnings Credit Union's Meadow Street branch Monday morning, following a rapid response by Ithaca police after an employee activated a panic alarm, The Ithaca Voice reported.

AVENTURA, Fla.— The Defense Credit Union Council opened its 2026 Annual Conference Monday at the JW Marriott Miami Turnberry Resort & Spa here, bringing together credit union executives, industry partners and military financial services leaders from across the country for four days of education, networking and advocacy.

WASHINGTON— The Treasury Department's Financial Crimes Enforcement Network (FinCEN) has assessed a record $125-million civil money penalty against UBS Financial Services, saying the firm failed to carry out anti-money-laundering reforms it agreed to after a 2018 enforcement action and continued to violate the Bank Secrecy Act. The penalty is the largest ever imposed by FinCEN against a broker-dealer under the law, Reuters reported.