Brazil’s federal police arrested Paulo Henrique Costa on Thursday, the former head of state-controlled lender BRB. The arrest is tied to a widening investigation into…
Pakistan Opens Formal Banking Access to Licensed Crypto Firms, Overriding 2018 Ban
Pakistan’s central bank has taken a historic step. Banks are now allowed to open accounts for licensed virtual asset service providers, effectively overriding a ban…
Quadra Capital Nears $3 Billion Deal to Buy Troubled Assets From Brazil’s Banco de Brasília
Brazilian independent asset manager Quadra Capital is close to acquiring 15 billion reais — roughly $3 billion — in assets from state-owned Banco de Brasília…
SEC Enforcement Cases Drop Over 20% as Agency Says It’s Hitting Reset
The U.S. Securities and Exchange Commission brought far fewer enforcement actions in its latest fiscal year. The total fell more than 20%, landing at 456…
Cambodia extradites alleged money laundering figure to China amid fraud crackdown
Cambodia has extradited a key suspect accused of laundering money for international criminal networks to China, in what authorities described as part of a broader…
EU prosecutors seek to lift immunity of Greek lawmakers in farm subsidy fraud probe
European prosecutors have requested that Greece lift the parliamentary immunity of 11 sitting lawmakers to allow a deeper investigation into an alleged fraud scheme involving…
Former U.S. congressman accused of secret lobbying for Venezuela as trial begins
A federal trial in Miami is examining whether former U.S. lawmaker David Rivera illegally lobbied American officials on behalf of Venezuela’s government, in a case…
Halkbank hires EY to review sanctions and anti-money-laundering compliance
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…
Democratic lawmakers request DOJ review over potential conflicts tied to Pam Bondi’s brother
Two Democratic members of Congress have asked the watchdog of the U.S. Department of Justice to examine whether Attorney General Pam Bondi properly stepped aside…