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Financial Crime
Editor's Picks
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US OCC rescinds Biden administration recovery guidelines for large banks
Biden administration recovery guidelines for large banks have been rescinded by the US Office of the Comptroller of the Currency, which cited the elimination of “un... (more story)
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US district judge quashes subpoenas to Fed over renovation of headquarters
A federal judge has quashed criminal subpoenas issued to the US Federal Reserve and its Chair Jerome Powell over the central bank’s headquarters renovation, saying ... (more story)
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Trump cybersecurity order faces test in San Francisco BTC-e trial
A new executive order from the White House says the US will take a hard line with “transnational criminal organizations” that launch ransomware and other cyberattac... (more story)
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KPMG won’t face any action over its audit of gambling company Entain, the UK’s Financial Reporting Council said Thursday. “Having reviewed the evidence obtained in the investigation, and having considered all ... (more story)
Iurii Gugnin, the founder of cryptocurrency payments firm Evita, pleaded guilty Wednesday to charges that he had defrauded US authorities and banks while processing illicit payments for Russian clients.
Supermicro cofounder Yi-Shyan Liaw and third-party consultant Ting-Wei Sun each pleaded not guilty on Wednesday to US charges alleging they diverted billions of dollars of servers integrated with artificial in... (more story)
A Texas-based businessman pleaded guilty Tuesday to his role in a scheme to bribe an official of Mexico’s state-owned energy firm to help an equipment company obtain a $540 million supply contract, according t... (more story)
A long-awaited whistleblower reward program at the US Treasury Department’s financial intelligence unit should enhance US enforcement of anti-money laundering laws, sanctions violations and other illicit finan... (more story)
US 401(k) plan managers who want to expand ordinary investors’ access to private credit and private equity investments, cryptocurrency and real estate would get legal protection under a draft rule by the US De... (more story)
Apple Distribution International Limited — known as ADI; a unit of the US tech giant — has been fined £390,000 by the UK’s sanctions enforcer, for making hundreds of thousands of pounds in payments to Russian ... (more story)
Dutch construction company Strukton has agreed to pay €10 million to settle allegations that it paid $31 million in bribes to a member of the Saudi ruling family over a metro project. The Dutch prosecutor said... (more story)
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Despite a new US executive order directing the Department of Justice to move “swiftly, deliberately, and proactively” to disable cyberthreats and prosecute cybercriminals, the chronically delayed trial of alle... (more story)
An alleged scheme to divert billions of dollars’ worth of high-performance Supermicro servers integrated with Nvidia artificial intelligence technology to China involved repeated deceptions of corporate compli... (more story)
A group of Senate Democrats is proposing to extend the statute of limitations for a key anti-bribery law to give future administrations additional time to prosecute Trump-era corporate corruption. Though unlik... (more story)
A jury in Los Angeles could decide this summer whether a chartered helicopter ride to a Lakers basketball game for a Senegalese government official, paid for with allegedly stolen investor funds as part of a b... (more story)
Lawyers representing John Ormerod — a British accountant who became the first UK-based national to be designated by the government over alleged Russian sanctions breaches — said it was too early to say whether... (more story)
A new executive order from the White House says the US will take a hard line with “transnational criminal organizations” that launch ransomware and other cyberattacks. The order from President Donald Trump ins... (more story)
A new corporate cooperation program launched by the US attorney for the Southern District of New York has white-collar defense lawyers pondering the age-old question of whether to take up the government offer.... (more story)
The new interim head of the UK's Serious Fraud Office, Graham McNulty, is already in a senior role at the white-collar crime agency and was also a police officer, like outgoing chief, Nick Ephgrave. That promi... (more story)