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…
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…
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…
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…
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…
UK unveils U.S.-style whistleblower rewards to target tax evasion
Britain’s tax authority has outlined a new incentive program that would pay whistleblowers a share of the money recovered from major tax evasion schemes. The…
Singapore court allows $2.7 billion case against Standard Chartered to move forward
Singapore’s High Court opened the door to a major legal challenge against Standard Chartered, clearing the way for liquidators connected to the 1MDB scandal to…