KYE | Certain Risk

Photo of Deutsche Bank's headquarters in Frankfurt, Germany. — “FRA Deutsche Bank.jpg” — Nordenfan, via Wikimedia Commons — CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0/) — Source: https://commons.wikimedia.org/wiki/File:FRA_Deutsche_Bank.jpg

Deutsche Bank Raid Focused on Same Years as Earlier BVI Probe

German authorities raided Deutsche Bank’s headquarters in Frankfurt and a separate office in Berlin as part of a money-laundering investigation linked to Russian billionaire Roman Abramovich.

TD Bank local branch location. — “MTA Flatbush South 76 - TD Bank” by Tdorante10, via Wikimedia Commons https://commons.wikimedia.org/wiki/File:MTA_Flatbush_South_76_-_TD_Bank.jpg Licensed under CC BY-SA 4.0: https://creativecommons.org/licenses/by-sa/4.0/

Ex-TD Bank Employee Pleads Guilty to Helping Launder $474 Million

A former TD Bank employee pleaded guilty to conspiring to launder monetary instruments after prosecutors said he used his position to help a money-laundering network move hundreds of millions of dollars through the institution.

UBS office building against blue sky. — Image credit: Adapted from “UBS (54815259662)” by Ajay Suresh, via Wikimedia Commons, https://commons.wikimedia.org/wiki/File:UBS_(54815259662).jpg, licensed under CC BY 4.0. Changes were made.

UBS and Credit Suisse Compliance Officer Face Charges Over Mozambique Bonds Scandal

Switzerland’s attorney general has filed criminal charges against UBS and a former Credit Suisse compliance officer, alleging failures to prevent money laundering linked to the long-running Mozambique “tuna bonds” scandal, according to The Wall Street Journal.

TD Bank branch. — Image: “TD Bank, Chinatown, DC” by Matthew Bisanz, via Wikimedia Commons (original: https://commons.wikimedia.org/wiki/File:TD_Bank,_Chinatown,_DC_by_Matthew_Bisanz.JPG), licensed under a Creative Commons license as specified on the original file page. Image has been edited from the original.

Chinese American Ex-Employees Sue TD Bank Over Money Laundering Fallout

A group of former Chinese American employees has filed a class-action lawsuit against Toronto-Dominion Bank in the United States, alleging they were unjustly fired after being linked to a major money laundering scandal involving Chinese money brokers and Mexican drug cartels, the Financial Post reported.

“14 Childers Street office building in Civic” (16 August 2015) by Nick-D, via Wikimedia Commons, licensed under Creative Commons Attribution–ShareAlike 4.0 International (CC BY-SA 4.0). Edited from the original

Ex-NAB Staffer Charged as Alleged ‘Gatekeeper’ for $200mn Fraud Syndicate

Australian authorities charged a former National Australia Bank employee they allege acted as the “gatekeeper of funds” for a Sydney crime syndicate accused of defrauding “all financial institutions,” according to a Reuters report.

Novo Banco with people walking past. — “Novo Banco (15617880007)” by Nacho, edited from the original, licensed under CC BY 2.0, via Wikimedia Commons

Portugal Probes More Than 20 People in Second Novo Banco Raid of 2025

Portuguese authorities are examining more than 20 individuals linked to a Novo Banco SA real-estate transaction after a fresh round of raids on the bank, according to multiple news reports.

Exterior of Citibank Singapore. — Photo: “Citibank main tenant of MacDonald House, Singapore” by Jnzl’s Photos, via Flickr, licensed under Creative Commons Attribution 2.0 (CC BY 2.0). Source: Flickr photo page. Changes: edited for publication (cropped/toned)

Ex-Citi Banker Jailed in Singapore for Laundering Funds Linked to Chinese Syndicate

A former Citibank relationship manager has pleaded guilty and been sentenced to two years in jail for helping a Chinese criminal network launder money in Singapore, the Financial Times reported.

Ex–Nodus Chair Pleads Guilty to $13.6 Million Fraud

The former chairman of the board at Puerto Rico–based Nodus International Bank, pleaded guilty to conspiracy to commit wire fraud for his role in a $13.6-million scheme that contributed to the institution’s 2023 collapse.

Bank of America branch in NYC (52809555987)” by Ishmael Daro, via Wikimedia Commons, licensed under CC BY 2.0. Edited from the original

Banking Job Market Heats Up in U.S.

A sharp pickup in mergers, acquisitions and initial public offerings is reviving Wall Street’s job market, prompting big banks to add senior deal makers and delay planned cuts.

UBS Office tower. — “Opernturm Frankfurt” by Quartl, licensed under CC BY-SA 3.0 Germany. Via Wikimedia Commons

UBS to Pay Nearly $1 Billion for Alleged Role in French Tax Evasion

UBS Group AG will pay €835 million ($985.6 million) to resolve a yearslong case in France over allegations the Swiss bank helped wealthy clients evade taxes.