The U.S. Securities and Exchange Commission has formally dismissed its civil lawsuit against a former top executive of Rio Tinto, bringing an end to an…
Supreme Court rejects Citigroup appeal in Mexican oil fraud lawsuit
The U.S. Supreme Court has refused to take up Citigroup’s appeal in a long-running lawsuit that accuses the bank of contributing to more than $1…
Singapore jails businessmen for fabricating records tied to Wirecard fraud
A Singapore court has sentenced two businessmen to lengthy prison terms for falsifying financial documents that helped conceal one of Europe’s largest corporate frauds, the…
FTC expands enforcement playbook in rental housing, signaling tougher stance on deceptive fees
U.S. regulators are intensifying scrutiny of the rental housing industry, marking a notable shift in how consumer protection laws may apply beyond traditional financial services.…
Regulators double down on fraud prevention in 2025 as reimbursement rules stall
Financial regulators around the world spent most of 2025 tightening controls to prevent fraud, while making limited progress on forcing banks and platforms to reimburse…
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…
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…
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…
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…