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Whistleblower Reports Raise Corruption Concerns over Pharmaceutical Giants’ Russian Cancer Drug Contracts
Confidential whistleblower reports have raised allegations that four major pharmaceutical companies paid substantial bonuses to Russian distributors involved in government medicine procurement, potentially creating financial incentives for corruption and contributing to higher prices for cancer treatments. The reports concern Merck, Eli Lilly, Novartis and AstraZeneca, which allegedly paid bonuses and rebates ranging from 15% to 35% to Russian distributors and sub-distributor
6 hours ago


Russian Court Rejects Claim for Funds Frozen Under UK Sanctions, Highlighting the Importance of an OFSI Licence
The dispute concerned a payment instruction issued in July 2022 by Damir Garifullin, who asked Ural Bank for Reconstruction and Development (UBRiR), a Russian bank, to transfer US$1,345 from his Russian account to an account held with Trustbank in Tashkent, Uzbekistan. To execute the payment, UBRiR routed the funds through its US dollar correspondent account at The Bank of New York Mellon (BNY Mellon). BNY Mellon subsequently transferred the money to Standard Chartered Bank i
6 hours ago


Binance’s $6.3 Billion Hack Highlights the Challenges of Recovering Criminal Assets
Binance’s response to a major cryptocurrency theft has drawn attention to a wider challenge facing financial crime authorities: the difficulty of identifying, freezing and ultimately recovering assets derived from criminal activity. Following a security incident on 29 October 2026, which the exchange estimated had affected approximately US$6.3 billion in crypto assets, Binance announced that it had covered 90% of the affected customer assets using its own financial resources.
1 day ago
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Brazil Joins Global Convention to Strengthen Fight Against Sports Match-Fixing
Brazil takes a major step towards international cooperation against sports manipulation, giving law enforcement authorities improved access to intelligence, evidence and information on suspicious betting activities worldwide. Brazil has formally joined the international effort to combat match-fixing by signing the Council of Europe's Convention on the Manipulation of Sports Competitions, commonly known as the Macolin Convention. The move, formalised on October 30, 2026, in


Technology and renewable energy help euro area withstand fresh economic shocks, ECB says
Greater energy efficiency, expanding renewable power, government investment and the global artificial intelligence boom have helped the euro area maintain economic growth despite renewed geopolitical tensions and rising energy costs. However, the European Central Bank warns that the factors supporting the economy may not last, calling for deeper structural reforms to strengthen Europe's resilience. The euro area economy has demonstrated greater resilience than anticipated i


Whistleblower Reports Raise Corruption Concerns over Pharmaceutical Giants’ Russian Cancer Drug Contracts
Confidential whistleblower reports have raised allegations that four major pharmaceutical companies paid substantial bonuses to Russian distributors involved in government medicine procurement, potentially creating financial incentives for corruption and contributing to higher prices for cancer treatments. The reports concern Merck, Eli Lilly, Novartis and AstraZeneca, which allegedly paid bonuses and rebates ranging from 15% to 35% to Russian distributors and sub-distributor


Russian Court Rejects Claim for Funds Frozen Under UK Sanctions, Highlighting the Importance of an OFSI Licence
The dispute concerned a payment instruction issued in July 2022 by Damir Garifullin, who asked Ural Bank for Reconstruction and Development (UBRiR), a Russian bank, to transfer US$1,345 from his Russian account to an account held with Trustbank in Tashkent, Uzbekistan. To execute the payment, UBRiR routed the funds through its US dollar correspondent account at The Bank of New York Mellon (BNY Mellon). BNY Mellon subsequently transferred the money to Standard Chartered Bank i
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