Lenders | Certain Risk

Pedestrians walk outside of ING bank 's branch in Brussels in Belgium on Nov. 23, 2018

ING to Cut AML Compliance Jobs in AI Push

ING plans to cut about 1,250 jobs worldwide this year under a cost-saving program that will rely more heavily on artificial intelligence, with many of the reductions expected in anti-money-laundering operations.

Photo of a sign in Venezuela for the oil company PDVSA. — “PDVSA 5 de Julio” by Wilfredor (2009), Wikimedia Commons, licensed under CC BY-SA 3.0. Edited from the original. Source: https://commons.wikimedia.org/wiki/File:PDVSA_5_de_Julio.jpg License: https://creativecommons.org/licenses/by-sa/3.0/

U.S. Lifts Major Restrictions on Venezuela’s PDVSA

The United States on Wednesday issued a general license broadly authorizing U.S. companies to do business with Venezuela’s state-run oil company PDVSA, a move that could unlock new investment and eventually increase the country’s crude production capacity.

Large offshore oil platform with support vessel in open sea at dusk, illuminated against dramatic clouds. Concept of energy industry, petroleum extraction, fossil fuels, marine logistics, and industrial operations at sea.

UK’s Top-Paid Oil Exec Faces Global Asset Freeze Over Siphoned Iran Funds

North Sea oil executive Francesco Mazzagatti could soon be the subject of a worldwide asset freeze stemming from a London lawsuit alleging he siphoned funds from former business partners tied to an Iranian petrochemicals business.

An exterior view of the headquarters of the UK's National Crime Agency, or NCA — Photo: “National Crime Agency.JPG,” Philafrenzy, Wikimedia Commons, CC BY-SA 4.0. Edited from the original.

Drug Trafficking and Money Laundering are Worsening in the UK: NCA

Serious and organized crime became more diverse and more harmful in 2025, with drugs, organized immigration crime, and illicit finance all worsening, according to a new report by the UK’s National Crime Agency (NCA).

January 15, 2026-Tokyo, Japan: Sign at financial institution J.P. Morgan.

JPMorgan Hit With Class-Action Suit Over Alleged Crypto-Ponzi Scheme

Three class-action lawsuits have been filed in the wake of federal charges against Christopher Delgado, the founder and former chief executive of Goliath Ventures, including one case accusing JPMorgan Chase of helping enable an alleged $328-million crypto- Ponzi scheme.

European Union flags outside European Commission building in Brussels, Belgium. Close up

AMLA Launches Initiative to Calibrate Risk Assessments

The EU’s Anti-Money Laundering Authority (AMLA) has launched a data-collection exercise to test and calibrate risk-assessment models that will be used in 2027 to choose up to 40 financial institutions for direct AMLA supervision starting in 2028.

Sydney, Australia. – On October 23, 2017. - Commonwealth Bank of Australia, the image shows beautiful design glass windows of its office building at Darling harbour branch.

Australia’s Worsening Mortgage Fraud Scandal Spurs Talk of AML Changes

Major Australian banks are working with the country’s financial-crimes watchdog to assess the scale of an alleged mortgage fraud scheme that may extend well beyond an earlier A$1 billion estimate.

A photo of Jeffrey Epstein wearing sunglasses on a boat, from the DOJ's Epstein Files.

Bank of America Aims to Settle Lawsuit Brought by Epstein Victims

Bank of America has agreed in principle to settle a proposed class action lawsuit brought by Jeffrey Epstein’s victims ,who accused the lender of aiding the late financier’s sex-trafficking operation.

Prominent UK Polo Patrons Tied to Alleged Illicit Funds at Shuttered Swiss Bank

U.S. officials have linked two prominent figures in English polo to an alleged scheme to launder proceeds from the illicit sale of Venezuelan oil, according to a Financial Times report that cited a recent Treasury Department notice about the now-defunct Swiss lender MBaer Merchant Bank.

A cropped photograph from the U.S. Justice Department's Epstein Files showing a letter from Bank of America addressed to Leon Black, with some redactions on the page. — Source: U.S. Justice Department

Leon Black to Be Deposed in Case Alleging BofA Ignored Epstein Red Flags

Leon Black, the billionaire financier and former chief executive of Apollo Global Management, has been ordered to sit for a deposition in a lawsuit accusing Bank of America of facilitating and profiting from Jeffrey Epstein’s sex-trafficking operation.