Swiss federal prosecutors have filed criminal charges against UBS over alleged money-laundering failures linked to the long-running Mozambique “tuna bonds” scandal, pulling the bank deeper…
U.S. Treasury probes claims Minnesota tax funds were diverted to Al-Shabaab, Bessent says
The U.S. Treasury Department has opened an investigation into allegations that tax dollars from Minnesota may have been funneled to the militant group Al-Shabaab in…
Brazil pushes for U.S. cooperation in probe into money laundering tied to fuel sector
Brazil’s government plans to seek direct cooperation from Washington after authorities uncovered a money-laundering network that allegedly used companies registered in Delaware to shield the…
UK unveils U.S.-style whistleblower rewards to target tax evasion
Britain’s tax authority has outlined a new incentive program that would pay whistleblowers a share of the money recovered from major tax evasion schemes. The…
Singapore court allows $2.7 billion case against Standard Chartered to move forward
Singapore’s High Court opened the door to a major legal challenge against Standard Chartered, clearing the way for liquidators connected to the 1MDB scandal to…
Ukraine moves to replace Energoatom board as $100 million corruption scandal unfolds
Ukraine said it will install a new supervisory board at Energoatom before the end of the year, aiming to contain a corruption scandal that has…
Spain’s top prosecutor convicted in leak case, raising pressure on Sánchez’s government
Spain faced an unusual moment on Thursday after the Supreme Court ruled that Attorney General Álvaro García Ortiz leaked confidential information connected to a sensitive…
Oil slides 1.5% as hopes grow for possible Russia-Ukraine deal
Oil prices continued to fall on Friday as investors reacted to diplomatic moves involving Washington, Moscow, and Kyiv. Traders said the prospect of a peace…
Fannie Mae investigators saw no evidence of mortgage fraud against Letitia James, court filing say
Senior investigators at Fannie Mae believed there was no clear proof that New York Attorney General Letitia James committed mortgage fraud, according to new details…
Apple’s succession plans gain urgency as Cook nears exit
Apple has intensified internal discussions about who will lead the company after Tim Cook, according to a report from the Financial Times. People familiar with…