Lloyd's of London insurers must continue paying up to £45 million ($60 million) in additional criminal defense costs for two former Petrofac executives due to stand trial on bribery charges, as the Court of Appeal dismissed their bid to avoid the policy.
Lloyd's of London insurers must continue paying up to £45 million ($60 million) in additional criminal defense costs for two former Petrofac executives due to stand trial on bribery charges, as the Court of Appeal dismissed their bid to avoid the policy.
Axiom Ince's former chief financial officer denied on Thursday a new charge brought by the Serious Fraud Office as it investigates the shuttered law firm, which collapsed with a hole of more than £60 million ($80 million) in its client accounts.
A woman testified at Russell Brand's rape and sexual assault trial in London on Thursday that the actor and comedian "changed" and became "monster-like" before raping her in a hotel room after a play.
New York's financial services regulator has ordered Sweden's largest bank to pay a $33 million fine to resolve findings of past anti-money laundering deficiencies at its Baltic subsidiaries that allegedly exposed U.S. banks to heightened financial crimes risk.
European Union prosecutors said Thursday that authorities have carried out a series of raids across Norway, Romania and Germany as part of a €1 million ($1.12 million) fraud investigation into a company supplying services to NATO military vessels.
An English appeals court denied a U.K. marketing company's liquidators permission on Thursday to challenge a ruling that a Caribbean bank and its former CEO had not dishonestly assisted a £415 million ($550 million) tax fraud.
Retail brokers are still failing to detect and report potential market abuse, raising the risk that suspicious trading will go unnoticed, the Financial Conduct Authority has said.
The European Securities and Markets Authority warned in a report published Thursday of a gulf in enforcement across the European Economic Area, after national regulators imposed fines totaling almost €82 million ($92 million) during 2025.
