AML Conversations Treasury Postpones AML Rule, Crypto Crime Hits Midyear High, and Russian Universities Teach Sanctions Evasion
Jul 25, 2025
Treasury's decision to delay the investment advisor AML rule raises eyebrows, especially during the FATF evaluation. A stark report reveals $2.17 billion lost to crypto crime in 2025, with North Korea's heist stealing the spotlight. Meanwhile, Russian universities are controversially teaching sanctions evasion amidst new EU sanctions tightening the oil price cap. The discussion also touches on fresh regulations for stablecoins and the Wolfsburg Group’s latest on AML compliance strategies. Upcoming webinars on AI's role in fraud prevention promise intriguing insights.
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Investment Advisor AML Rule Delayed
- Treasury postponed and reopened the investment advisor AML rule from 2026 to 2028, reopening the comment process.
- Anti-corruption groups argue this delay signals tolerance for illicit funds in the U.S. private investment sector.
Crypto Theft Hits Record Highs
- Crypto theft surged to $2.17 billion by mid-2025, nearing the total losses of all 2024.
- North Korea's $1.5 billion Bybit hack is the largest single crypto theft ever recorded.
Protect Against Wallet & Wrench Attacks
- Personal wallet compromises now represent nearly 24% of stolen crypto funds in 2025.
- Stay alert to wrench attacks, which involve physical coercion against crypto holders, to protect assets.