AML

Federal prosecutors in Manhattan are urging Wall Street companies to confess to fraud in exchange for behind-the-scenes deals that would spare them from criminal charges, fines, and public disclosure of their wrongdoing.

U.S. officials believe Chinese companies have been negotiating arms sales to Iran and plotting to route the weapons through third countries to disguise their origin.

Brazilian lawmaker and presidential candidate Flavio Bolsonaro negotiated $24 million in financing from jailed banker Daniel Vorcaro to bankroll a biographical film about his father, former President Jair Bolsonaro.

Jho Low, the fugitive Malaysian financier accused of masterminding the multibillion-dollar 1MDB fraud, has submitted a request for a presidential pardon to U.S. President Donald Trump.

Multiple major German banks have abruptly frozen the accounts of Russian and Belarusian nationals living in Germany, demanding fresh proof of residency and leaving long-term customers without access to their money.

Jeffrey Epstein’s office relied on a dedicated team at American Express Co. to book travel for dozens of women, in some cases arranging sham itineraries designed to help them obtain visas.

Epstein’s Centurion relationship manager and more than a dozen American Express colleagues booked, canceled, and rebooked flights for women whose travel patterns and supporting documents two human-trafficking experts say should have raised red flags.

Ukraine’s anti-corruption agencies have named former presidential chief of staff Andriy Yermak as an official suspect in a 460-million-hryvnia ($10.5 million) money-laundering scheme, marking a significant escalation in a graft investigation that has shaken President Volodymyr Zelenskyy’s government.

A tiny New Zealand financial services firm processed millions of dollars in transfers for high-risk clients including a convicted U.S. fraudster, a Belarusian oligarch close to Aleksandr Lukashenko, and a British man later convicted in Europe’s “cum-ex” tax fraud.

Australia’s financial intelligence agency on Friday launched two supervisory campaigns targeting the country’s virtual assets sector, stepping up oversight of crypto businesses ahead of sweeping AML reforms, the Australian Transaction Reports and Analysis Centre (AUSTRAC) said in a statement.

Monaco’s financial markets watchdog has fined UBS €6 million for “numerous serious breaches” in anti-money-laundering and counterterrorism financing controls.