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…
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…