Turkish state-owned lender Turkiye Halk Bankasi AS has hired consulting firm Ernst & Young to conduct an independent review of its compliance with U.S. sanctions…
How a little-known banker entered Brazil’s political inner circle and sparked a national scandal
For years, Daniel Vorcaro was known primarily in financial circles as the head of Banco Master, a bank whose rapid growth puzzled analysts across Brazil’s…
CFTC names former prosecutor and crypto defense lawyer as enforcement chief
The U.S. Commodity Futures Trading Commission (CFTC) has appointed former federal prosecutor David Miller as its new head of enforcement, a move that comes as…
Star Entertainment posts narrower first-half loss as cost cuts offset revenue slide
Australia’s second-largest casino operator, Star Entertainment Group, reported a reduced first-half loss on Friday, helped by lower operating costs and stronger seasonal trading in the…
US moves to cut Swiss bank MBaer off from dollar system over alleged sanctions breaches
The United States has taken the rare step of threatening to bar Swiss private lender MBaer Merchant Bank AG from access to the U.S. financial…
Brazil flags loopholes allowing suspects to hide assets via pooled and escrow accounts
Brazil’s Finance Ministry has urged the country’s central bank to tighten regulations that it says allow criminal suspects and tax evaders to hide assets through…
German police search Deutsche Bank offices in money laundering probe
German federal police carried out searches at offices of Deutsche Bank in Frankfurt and Berlin on Wednesday as part of an investigation linked to suspected…
Argentine football authority engulfed in turmoil ahead of World Cup amid money laundering allegations
Argentina’s football establishment is facing mounting turmoil just as the World Cup draws closer, after a series of investigations raised questions about alleged dirty money,…
Malaysia jails ex-prime minister Najib Razak for 15 more years in landmark 1MDB money laundering case
Malaysia’s former prime minister Najib Razak received an additional 15-year prison sentence on Friday, deepening the legal reckoning tied to the 1MDB scandal. The court…
Former Mexico governor Cesar Duarte arrested on new laundering allegations
Mexican authorities detained former Chihuahua governor Cesar Duarte on Monday in a new money-laundering case, according to the attorney general’s office. The arrest adds another…