Australian Banks and Businesses Tackle Financial Abuse Together
A newly formed group of businesses and organizations in Australia are set to team up to fight financial abuse as part of a new program that encourages collaboration to address major social and economic ills.
HSBC and Barclays Face $12bn Lawsuit Linked to Epstein and Jersey Trust
HSBC and Barclays are facing a $12-billion civil lawsuit involving a now-defunct Jersey trust that has been linked in proposed U.S. legislation to the Jeffrey Epstein scandal, The Times reported.
Two Wall Street Firms Continued to Work with Russian Oligarch Despite Sanctions
Two Wall Street firms continued to manage a trust held on behalf of Suleiman Kerimov even after the Russian oligarch was blacklisted under U.S. sanctions in 2018, Bloomberg reported Tuesday.
Trump Imposed Terrorist-Grade Sanctions on U.N. Rapporteur and ICC Staff
The Trump administration placed a U.N. human-rights expert and multiple International Criminal Court officials on a U.S. sanctions blacklist typically reserved for terrorists and major criminals, according to a Reuters investigation.
Goldman Sachs Turns to AI’s Claude to Bolster Compliance and Accounting Work
Goldman Sachs has been working with artificial intelligence startup Anthropic for the past six months to co-develop autonomous “AI agents” intended to automate trade and transaction accounting and client vetting and onboarding.
France’s Lang Faces Money-Laundering Probe after Epstein Revelations
Jack Lang, a former French culture minister and long-time president of the Institut du Monde Arabe (IMA) in Paris, has resigned from the post after Mediapart reported new details about financial and business ties between his family and disgraced financier Jeffrey Epstein.
UBS Managed Maxwell’s Wealth Long After JPMorgan Cut Ties with Epstein
UBS AG opened accounts for Ghislaine Maxwell in early 2014 and went on to manage as much as $19 million for her in the years before she was convicted for helping Jeffrey Epstein sexually traffic teenage girls, Reuters reported.
UK Sanctions Leaders of Sudanese Army and Paramilitary Group over Atrocities
The UK on Thursday imposed new sanctions on six individuals it says are fueling Sudan’s war, including through the recruitment of foreign fighters and financing of military operations.
Uzbek Mining Giant Awards $200m in Tenders to Secretive Network of Foreign Firms
Uzbekistan’s state-owned mining giant Almalyk Mining-Metallurgical Complex (AMMC) has awarded more than $200 million in procurement tenders to 10 foreign firms whose ownership and business activity are murky, including companies that reported themselves as “dormant” or “inactive,” OCCRP reported.
Spain’s Top Economic-Crimes Cop and Royal Scion Accused of Running Drug Ring
A Spanish police corruption investigation has widened into a narcotics and money-laundering scandal that links a senior economic-crimes investigator and a son of the Duke of Seville to an international drug-trafficking ring, The Times reported.
