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Standard Chartered Plc has agreed to settle a long-running investor lawsuit valued at £1.5 billion ($2 billion) that accused the lender of deliberately violating sanctions against Iran to secure new business. The resolution emerged in a London Court of Appeal ruling on disclosure issued Friday, in which the judge noted that the parties had settled the matter after reviewing a draft version of the judgment. “After a draft of this judgment was circulated to the parties, they re

UK Finance has issued its strongest admonition yet to major global tech platforms, with chief executive David Postings urging Silicon Valley to “grasp the scale of the crisis” and significantly ramp up efforts to curb fraud proliferating across their networks. Addressing delegates at the Economic Crime Congress 2025, Postings described an escalating epidemic of financial crime in the UK—one that he argued no single industry can tackle alone. Although banks are committing re

Gracetown has been issued a $7,139,305 penalty following an investigation that confirmed the company processed payments connected to a sanctioned Russian oligarch and failed for years to report blocked assets under its control. The enforcement decision underscores the severity of sanctions breaches and the money laundering risks that can surface within real estate structures. The case illustrates how financial activity involving designated individuals can persist when interme

BaFin recently imposed a €35,000 penalty on Leonteq Securities Europe, but unresolved contradictions across audits, supervisory investigations, public statements, and cross-border oversight have raised more questions than the fine itself. The publication accompanying the sanction offered almost no detail, a silence that sharply contrasts with the severity and breadth of findings in Germany, Switzerland, and France. Earlier regulatory findings revealed structural AML failures

A $125,000 penalty imposed by FINRA on the firm underscores how serious lapses in reporting to the Trade Reporting and Compliance Engine can erode fixed income market transparency. The sanction also covers a separate violation involving customer confirmations that lacked required security price information. FINRA determined that the firm either misreported or neglected to report more than 12,000 transactions across several years, affecting corporate debt and Treasury trading

The £825,000 penalty imposed on Done Brothers Cash Betting Limited, trading as Betfred, has brought renewed attention to ongoing deficiencies in anti-money laundering (AML) controls within the retail gambling sector. According to the first paragraph of the regulatory report, the fine resulted from an investigation that concluded the operator had “failed to maintain effective anti-money laundering oversight for customers using B3 gaming machines.” Regulators determined that th

Growing unease in the United Kingdom has focused on whether political donations made through digital assets could conceal the true financial source behind contributions. Officials argue that the country’s political finance rules must be updated to confront vulnerabilities that did not exist when the current framework was drafted. Scrutiny intensified after a major political party began accepting digital tokens from supporters early in 2025, triggering debate over transparency

IPI Partners, LLC, a Chicago-based private equity firm focused on acquiring, building and managing data-center facilities, has agreed to pay $11.5 million to resolve its civil liability stemming from 51 “apparent violations” of U.S. sanctions on Russia, the Treasury Department said in a statement. According to the department, the firm accepted and handled investments tied to Russian oligarch Suleiman Kerimov in 2017 and 2018 through a network of legal arrangements, and contin

Speaking in Rome on November 28, 2025 at the UIF Bocconi Workshop on economic crime, Paolo Angelini, Deputy Director General of the Bank of Italy, delivered a detailed examination of how rapid shifts in digital finance are transforming the mechanics of illicit money movement, creating operational blind spots that European authorities are struggling to close. He argued that the accelerating adoption of digital tools by criminals has outpaced the regulatory frameworks meant to

Credit Suisse is again under pressure as Swiss prosecutors move forward with an indictment focused on money flows tied to the Mozambique loan arrangements, alleging that millions connected to the 2013 state-guaranteed financing entered accounts at the former bank and were then sent abroad despite red flags pointing to potential criminal origins. The case lays out a progression of internal decisions that, according to prosecutors, allowed questionable transfers to proceed with

Federica Mogherini, the European Union’s former foreign policy chief, has been detained by Belgian police in connection with an anti-fraud probe that has rattled Brussels. Mogherini, who led the EU’s diplomatic service as High Representative for Foreign Affairs and Security Policy from 2014 to 2019, was taken in for questioning on Tuesday morning during a series of coordinated raids targeting suspected irregularities in an EU-funded project. Since 2020, she has served as rect

Synergy Credit Union has been hit with a 214,500-dollar penalty following regulatory findings that revealed significant deficiencies in its anti-money laundering (AML) controls, drawing national attention in Canada. The enforcement action followed a compliance examination by FINTRAC, which uncovered multiple breaches related to reporting lapses, gaps in risk assessment, and insufficient oversight. The findings highlighted structural weaknesses that directly impaired the credi

Regulators have issued a 300,000-dollar penalty to BMO Capital Markets after uncovering what they described as a multiyear collapse in transaction-reporting controls that repeatedly obscured fixed-income market visibility. Findings show that the firm allowed late, incomplete, and inaccurate TRACE submissions to persist for years, limiting the transparency required by surveillance teams and market participants. Automated reporting was not introduced until long after deficienci

South Africa’s National Treasury has unveiled a proposal for a national 20% tax on gross gambling revenue (GGR) from online gambling, positioning the measure as a tool to reduce the social risks linked to the rapidly expanding digital betting sector. In a discussion paper released on 25 November, the Treasury outlined plans for the levy to cover all forms of online betting, including interactive gambling platforms. Although Treasury officials estimate the measure could ra

South Korea’s top online retailer, Coupang, has issued an apology after revealing a large-scale security breach that may have compromised the personal information of almost 34 million domestic customer accounts. The nation’s internet regulator confirmed that it has launched an inquiry, noting that data linked to the millions of affected accounts appears to have been exposed. Often dubbed the South Korean counterpart to Amazon.com , Coupang now finds itself at the center of

The European Union’s effort to leverage immobilised Russian state assets to support Ukraine has triggered warnings that such a move could increase borrowing costs for governments across the bloc, though several analysts say any effect on sovereign debt markets is likely to remain limited. The European Commission, searching for a long-term financing solution for Kyiv, is focusing on a €140bn “reparation loan” backed by Russian central-bank reserves frozen since 2022. Euroclear

Iraq’s financial regulators are raising alarms over a growing trend in which social-media personalities are being leveraged as tools for illicit financial transfers. According to officials, the combination of online visibility, rapid audience engagement, and loosely monitored revenue channels has created conditions that criminal groups can exploit when institutional controls lag behind evolving digital behaviour. The Central Bank of Iraq reports that some transaction flows

A fresh comparison of raw demographic inputs from Blask, examined alongside the markets singled out in the EGBA’s 2023 overview, shows just how differently Europeans approach online gambling — not only in scale, but in who plays and why. Europe’s gambling heavyweights — Italy, the UK, Germany, France, and Spain — dominate the continent’s revenue landscape according to the EGBA’s 2023 figures, yet the customer profiles behind those numbers, illuminated by Blask’s datasets, p

Seven of Europe’s leading gambling authorities have committed to deeper collaboration in an effort to curb the accelerating spread of illegal online gambling, cautioning that rapidly evolving digital ecosystems are enabling unlicensed operators to slip past national regulatory systems. Representatives from Germany, Austria, France, the United Kingdom, Italy, Portugal, and Spain cemented this alliance during a meeting held on 12 November 2025 at Spain’s Directorate General for

The U.S. Securities and Exchange Commission (SEC) has formally withdrawn its lawsuit against SolarWinds and the company’s chief information security officer, bringing an end to a high-profile case that centered on allegations the firm misled investors about its security posture prior to the major 2020 supply chain breach. A joint motion submitted on November 20, 2025, by the SEC, SolarWinds, and CISO Timothy G. Brown requested the court to voluntarily dismiss the action. In