Lenders

A massive corruption trial that spanned a decade ended last week in Turks and Caicos with the convictions of the jurisdiction’s former premier, his brother, and a one-time governmental minister, the Miami Herald said. 

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. 

A United Nations committee has approved exemptions from North Korea sanctions to allow a new round of humanitarian aid projects to proceed, Reuters reported on Friday, citing an unnamed diplomatic source. 

The U.S. Justice Department is increasingly targeting corrupt Mexican money brokers in an attempt to disrupt the financial networks used to launder cartel drug proceeds via cryptocurrency and other means, the Associated Press reported.

Crypto companies are pitching new concessions to banks in an effort to keep a sweeping digital-asset market-structure bill moving in the Senate, with proposals that would give community banks a larger role in the stablecoin ecosystem.

The European Union’s new Anti-Money Laundering Authority said it is on track to become fully operational in 2028, setting out a multi-year plan that flags emerging illicit-finance threats ranging from crypto-assets to “novel payment channels.”

A U.S. senator said late Monday that an ongoing investigation into Credit Suisse’s historical ties to Nazi Germany has identified “hundreds” of accounts with potential links to Nazi-era officials and industrialists, including fresh evidence of the bank’s relationship with the SS, Bloomberg reported.

African elites and companies are increasingly routing money through Dubai, Singapore and Hong Kong as traditional offshore centers such as Switzerland tighten scrutiny, according to a new University of Oxford working paper reported by the International Consortium of Investigative Journalists. 

The U.S. Justice Department’s latest release of documents on its investigation of Jeffrey Epstein includes the personally identifiable information of dozens of sex-trafficking victims, according to new analysis by The Wall Street Journal. 

Mexico’s sweeping crackdown on electronic cigarettes is accelerating a shift in the country’s $1.5-billion vape-pen market toward organized crime, according to ABC News.