The United Kingdom has taken the lead among Western powers in escalating pressure on Russia’s energy exports, unveiling a sweeping sanctions package targeting the country’s…
Swiss Court Strikes Down $20 Billion Credit Suisse Bond Wipeout: A Warning Shot to Regulators
In a ruling that could reshape investor trust in Switzerland’s banking sector, the Federal Administrative Court said the 2023 decision to erase Credit Suisse’s Additional…
Brazil’s Federal Police dismantle $540 million crypto laundering network in “Operation Lusocoin”
Brazil’s Federal Police have broken up a massive cryptocurrency-based money-laundering operation that moved more than 50 billion reais (about USD 9 billion) through a network…
Libyan Central Bank calls for swift approval of anti–money laundering laws
Libya’s Central Bank has urged authorities to fast-track the adoption of new legislation to combat money laundering and terrorism financing, warning that further delays could…
EU prosecutors charge suspects in €280,000 subsidy fraud involving fake children’s projects
The European Public Prosecutor’s Office (EPPO) in Ostrava, Czechia, has charged two individuals and one company with subsidy fraud and damaging the financial interests of…
Italy uncovers €42.8 million VAT fraud linked to luxury car trade
Italian financial investigators have uncovered a massive value-added tax (VAT) evasion scheme worth €42.8 million involving the sale of luxury cars imported from Germany. The…
Charlie Javice handed prison term for defrauding JPMorgan in $175 million deal
Charlie Javice, once hailed as a promising young entrepreneur, will serve more than seven years in prison after a federal judge found she deceived JPMorgan…
KuCoin faces $14M Canadian enforcement case over registration and money-laundering controls
Cryptocurrency exchange KuCoin is challenging a major enforcement action in Canada after regulators accused it of failing to register as a money services business and…
Brazilian criminal organization laundered nearly $1 billion through gas stations, motels, and franchises, investigators say
Brazilian investigators say a criminal organization laundered almost 6 billion reais ($1 billion) in four years using gas stations, motels, franchises, and real estate. The…
Spanish PM’s brother to stand trial in corruption probe
The brother of Spanish Prime Minister Pedro Sánchez will face trial on charges of malfeasance and influence peddling, deepening the political storm around the Socialist…