Brazil’s federal prosecutors expect to spend at least four to six months reviewing evidence gathered in the expanding investigation into the collapse of Banco Master,…
Brazil central bank orders liquidation of brokerage REAG over serious regulatory breaches
Brazil’s central bank has ordered the liquidation of brokerage firm REAG, now operating under the name CBSF, citing serious violations of financial system rules. The…
US SEC drops lawsuit against former Rio Tinto CFO, closing long-running fraud case
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…