China’s telecom equipment maker ZTE Corp is again under pressure from U.S. authorities. Prosecutors are weighing a settlement that could cost the company more than…
Global financial crime auditors visit Canada after record bank fine
International financial crime auditors have carried out an extensive review of Canada’s anti-money laundering framework, visiting the country weeks after TD Bank paid a record…
U.S. Treasury tightens scrutiny after Minnesota COVID fraud scheme
The U.S. Treasury plans to investigate businesses linked to a large fraud case in Minnesota, stepping up oversight of money services firms to trace where…
US pauses UK technology pact amid wider trade tensions
The United States has put on hold a technology cooperation deal with Britain that aimed to deepen collaboration in areas such as artificial intelligence, quantum…
HSBC nears $300 million deal to resolve French tax investigation
HSBC is preparing to pay roughly $300 million to settle a long-running criminal probe in France over its alleged involvement in dividend-related tax schemes, according…
Washington extends window for negotiations over Lukoil’s foreign assets
The United States has granted more time for talks over the potential sale of Lukoil’s overseas portfolio, extending the deadline to January 17. The updated…
COVID fraud drains £11 billion from UK finances, new report finds
A new independent review has exposed the scale of financial damage caused by fraudulent claims during Britain’s COVID-19 response. According to reporting from Reuters on…
Former Mexico governor Cesar Duarte arrested on new laundering allegations
Mexican authorities detained former Chihuahua governor Cesar Duarte on Monday in a new money-laundering case, according to the attorney general’s office. The arrest adds another…
US judge allows Justice Department to disclose Epstein grand jury records
A federal judge in Florida has authorized the U.S. Justice Department to release grand jury transcripts from its sex-trafficking case against Jeffrey Epstein, opening the…
Tom Goldstein fights to sell home as tax trial approaches
Washington attorney Tom Goldstein is heading toward a January tax-evasion trial while battling a separate legal fight over whether he can sell his multimillion-dollar home…