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UK Treasury Freezes Assets of Northern Irish Man Over New IRA Links
The British Treasury has invoked counter-terrorism laws to freeze the assets of a Northern Ireland man accused of involvement in...
Dec 4, 20241 min read
Thales Group Faces Investigations in the U.K. and France Over Alleged Bribery in Asia
French defense and aviation giant Thales Group is under investigation by authorities in both the U.K. and France for alleged involvement...
Dec 3, 20241 min read
BaFin Ends Special Monitor for Deutsche Bank’s Money-Laundering Controls
German financial regulator BaFin has reportedly withdrawn a special monitor assigned to Deutsche Bank, who was tasked with overseeing the...
Dec 3, 20241 min read
Swiss Prosecutors Indict Lombard Odier for Aggravated Money Laundering
In a rare move against one of Switzerland's oldest and most prominent wealth managers, Swiss prosecutors have charged private bank...
Dec 2, 20242 min read
Morocco Moves Toward Cryptocurrency Regulation, Explores CBDC Development
Morocco is advancing toward the regulation of cryptocurrencies with a draft law currently in the adoption phase, according to Abdellatif...
Dec 2, 20242 min read
BGC Responds to UK Government’s Gambling Reforms, Urges Balanced Approach
The Betting and Gaming Council (BGC) has voiced its reaction to the UK Government’s recent announcement regarding mandatory levies and...
Nov 29, 20242 min read
Swiss Court Acquits Credit Suisse of 2022 Money Laundering Conviction on Legal Technicality
A legal technicality led to Credit Suisse being acquitted today by a top Swiss court of its 2022 conviction for money laundering. The...
Nov 29, 20242 min read
Australia Approves OECD’s Pillar Two Minimum Corporate Tax Rate
In a landmark decision, Australia’s Senate has passed three critical bills with amendments to implement the OECD’s global minimum...
Nov 28, 20242 min read
Appeals Court Rules U.S. Treasury Overstepped Authority in Tornado Cash Sanctions
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) acted beyond its legal authority when it imposed sanctions on...
Nov 28, 20242 min read
Bruna Szego Appointed as Head of EU’s Anti-Money Laundering Authority
Bruna Szego, 57, has been appointed as the new chief of the European Union’s Anti-Money Laundering Authority (AMLA). A native of Savona,...
Nov 27, 20243 min read
EU Court Rejects UniCredit's Request to Halt ECB’s Russia Exit Order
The European Union’s General Court has dismissed UniCredit’s attempt to suspend a European Central Bank (ECB) directive requiring the...
Nov 27, 20242 min read
London’s Wealthy Contemplate Relocation Amid Labour’s Tax Reforms
London’s affluent residents are considering leaving the city in response to the Labour government’s new tax policies targeting the...
Nov 26, 20244 min read
Gautam Adani and Executives Charged in Massive Bribery Scheme Linked to Solar Energy Contracts
Eight business executives, including Gautam Adani, the billionaire CEO of Indian conglomerate Adani Group, have been charged by the U.S....
Nov 26, 20243 min read
PwC Australia Faces Harsh Criticism Amid Tax Leaks Scandal and Parliamentary Inquiry
PwC Australia has come under fire during a turbulent week for the global accounting giant, with U.S.-based partner Matthew Chen emerging...
Nov 25, 20242 min read
Shanghai Court Clarifies Cryptocurrency Ownership Rights Amid Digital Currency Scandal
A legal opinion issued by a Shanghai court has clarified a critical question regarding the status of cryptocurrencies in China,...
Nov 25, 20243 min read
Foreign Suspects Surrender Assets Worth S$1.85 Billion in Singapore’s Largest Money Laundering Case
In a significant development in Singapore’s largest-ever money laundering investigation, 15 foreign suspects have agreed to surrender...
Nov 22, 20242 min read
Elizabeth Warren Urges Fed to Maintain Wells Fargo’s Asset Cap Until Risk Management Issues Are Resolved
Top Democratic Senator Elizabeth Warren has called on the Federal Reserve to maintain its $1.95 trillion asset cap on Wells Fargo until...
Nov 22, 20242 min read
Former Billionaire Bill Hwang Sentenced to 18 Years Over Archegos Collapse
Sung Kook “Bill” Hwang, the former billionaire investor and founder of Archegos Capital Management, has been sentenced to 18 years in...
Nov 21, 20243 min read
Federal Reserve Bank of Richmond Examiner Admits to Insider Trading, Faces 20 Years in Prison
A senior manager and bank examiner at the Federal Reserve Bank of Richmond, Robert Thompson, has admitted to insider trading after...
Nov 21, 20242 min read
UK Government Commits to Public Beneficial Ownership Registers
The UK government has reaffirmed its commitment to implementing fully public beneficial ownership registers, with a spokesperson from the...
Nov 20, 20242 min read
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