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.…
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…
China’s ZTE faces potential billion-dollar U.S. settlement over long-running bribery probe
China’s telecom equipment maker ZTE Corp is again under pressure from U.S. authorities. Prosecutors are weighing a settlement that could cost the company more than…
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…
US pauses UK technology pact amid wider trade tensions
The United States has put on hold a technology cooperation deal with Britain that aimed to deepen collaboration in areas such as artificial intelligence, quantum…
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…
Washington extends window for negotiations over Lukoil’s foreign assets
The United States has granted more time for talks over the potential sale of Lukoil’s overseas portfolio, extending the deadline to January 17. The updated…
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…