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…
CVS agrees to $37.8 million payout after federal probe into insulin pen billing
CVS Health will pay nearly $38 million to resolve U.S. allegations that it sought improper reimbursements by supplying diabetic patients with more insulin pens than…
Swiss prosecutors charge UBS over Credit Suisse-era failures in Mozambique money-laundering case
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…