AML

UBS Group AG failed to convince a U.S. judge to clarify a 1999 settlement over Holocaust-era claims against Swiss banks, a setback for the lender as it seeks to head off potential new financial claims tied to Nazi victims’ assets.

Britain’s new Fair Work Agency will target abuse of labor market rules in construction and social care, two sectors heavily dependent on migrant workers, as the government expands enforcement powers to pursue fraud and workplace exploitation.

Trump’s crackdown on “debanking” is colliding with a core compliance problem for U.S. banks: the very policies his administration wants to curb have long given lenders a way to cut off customers they suspect of wrongdoing without violating federal secrecy rules.

A Russian cryptocurrency payments network founded by sanctioned actors is expanding into Africa as Moscow seeks new channels to move money around western restrictions imposed after the invasion of Ukraine.

Several senior Binance compliance officials overseeing sanctions, investigations, and financial-crime monitoring have left the company in recent months as the crypto exchange faces renewed scrutiny over alleged sanctions evasion and illicit-finance risks.

A politically connected blockchain project that partnered with the Trump family’s crypto firm promoted a proposed resort in Timor-Leste involving three people later sanctioned by the United States for ties to the Prince Group, an alleged Southeast Asian scam syndicate.

The Commodity Futures Trading Commission sued Arizona, Illinois, and Connecticut on Thursday, escalating the Trump administration’s defense of prediction markets and arguing that the federal agency has exclusive authority over contracts offered by platforms such as Kalshi.

Three Greek cabinet ministers resigned on Friday as a European Union investigation into alleged farm subsidy fraud widened, in a case that has intensified political pressure on the government and added to unrest in the country’s farming sector.

Trade misinvoicing is occurring at “massive scale” across Asian supply chains, with discrepancies in reported invoice values reaching a record $1.7 trillion in 2022 across developing Asia.

Cambodia’s parliament on Friday passed the country’s first law specifically aimed at combating online scam centers, setting prison terms and fines for fraud, money laundering, data theft, and recruitment tied to the illicit industry as scrutiny intensifies over the country’s role in global cyber scams.