Tag: New York State Employees Federal Credit Union

FinTelegram Exclusive: High-Stakes Money Laundering Scheme Unraveled in New York

Court Cases tamir - February 1, 2024

In a striking revelation from the federal courts in Brooklyn, Gyanendra Asre, a former anti-money laundering (AML) specialist, has admitted to a grave lapse in regulatory compliance, marking a significant breach of the Bank Secrecy Act. Asre pled guilty to neglecting to maintain an essential anti-money laundering program, a decision that facilitated the funneling of over $1 billion through a modest, unprepared credit union, targeting high-risk international financial operations.

FinTelegram is a cyberfinance intelligence and compliance platform investigating financial crime, regulatory violations, and the rails, entities, and ecosystems that facilitate them. Combining investigative journalism, whistleblower intelligence, and forensic compliance analysis, we map risk across payments, banking, crypto, and offshore structures to support transparency, accountability, and informed action.

Disclaimer: FinTelegram is an independent intelligence and compliance platform and does not provide investment, legal, or financial advice. Content published on this website, including references and links to third-party sources, is provided for informational, contextual, and educational purposes only and does not constitute a recommendation, endorsement, or solicitation. Readers must make their own independent assessment and obtain professional advice where appropriate. Past events and referenced materials are not a track record and should not be relied upon as an indicator of future results.