Lenders

UBS AG is facing renewed pressure from the U.S. Senate Judiciary Committee over its handling of an investigation into possible Nazi-linked accounts at Credit Suisse, after the panel’s chairman accused the Swiss bank of withholding documents and obstructing a full review.

UK financial regulators are urgently assessing the risks posed by Anthropic’s latest AI model after concerns that its ability to uncover software vulnerabilities could expose major financial institutions to new cybersecurity threats.

U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell summoned Wall Street executives this week to warn that a new artificial intelligence model from Anthropic could mark the start of a more dangerous phase in cybersecurity.

Dutch police have arrested eight men on suspicion of identity fraud, forgery, and cybercrime in a nationwide operation targeting users of VerifTools, a fake-ID platform that investigators say generated forged documents for criminals around the world. 

UBS AG has won dismissal of money-laundering charges inherited from Credit Suisse over the long-running Mozambique tuna-bond scandal after a Swiss court found criminal liability could not be transferred after the bank’s 2023 takeover of its former rival.

Facebook has become the dominant online platform for illegal wildlife trade, accounting for nearly 75 percent of the trafficking advertisements detected across 61 websites and apps over almost two years, according to a new report by the Global Initiative Against Transnational Organized Crime. 

The Trump administration is expected to extend its waiver of sanctions on Russian oil this week, according to former Treasury and State Department officials cited by Semafor, a step that could tee up a similar extension for Iranian oil later this month as the White House weighs fuel prices and broader market stability. 

UBS AG said it will not hand over privileged documents sought in an investigation into Credit Suisse’s handling of Nazi-linked accounts after a U.S. judge declined to give the bank assurances that doing so would not expose it to new legal claims.

Companies importing goods from China are increasingly using accounting maneuvers, middlemen, and in some cases apparent fraud to reduce the value of shipments entering the United States and cut the tariffs they owe.

A Mexican national pleaded guilty to participating in a two-year, multimillion-dollar black-market peso exchange conspiracy that laundered drug trafficking proceeds through Texas to Mexico, the U.S. Justice Department said on Wednesday.