Lenders

Britain, Canada, France, and Norway on Tuesday announced coordinated sanctions targeting Israeli networks accused of financing, enabling, and carrying out violence in the Israeli-occupied West Bank.

UBS Group AG has cut its Asia sustainability office by half in recent months, part of a wider global retreat from dedicated Environmental, Social, and Governance (ESG) operations that has followed the bank’s integration of Credit Suisse.

French judges have formally charged HSBC Private Bank Suisse with organized money laundering and criminal conspiracy in connection with the alleged embezzlement of $330 million from Lebanon’s central bank by its former governor Riad Salameh.

Danish prosecutors are seeking a 6.6 billion krone ($1 billion) fine against Nordea Bank for a series of anti-money-laundering (AML) failures, in what authorities describe as the largest-ever criminal case ever brought against a bank in Denmark.

Switzerland’s financial markets regulator published supplementary guidance on money laundering risk analysis Wednesday, flagging persistent weaknesses in how banks and other financial institutions define risk tolerance and assess inherent risks.

The House voted Wednesday to take up legislation that would impose sweeping new sanctions on Russia and provide additional aid to Ukraine, as six Republicans and an independent broke with party leaders to join Democrats in forcing the measure to the floor.

A March 2025 Treasury Department rule exempting virtually all U.S. companies from beneficial ownership reporting requirements has created significant gaps in the federal government’s ability to combat shell company abuse, the Government Accountability Office (GAO) has warned in a new report. 

The United Kingdom government warned it could legislate to compel its Crown Dependencies and Overseas Territories to adopt public registers of beneficial ownership if voluntary efforts continue to stall, the prime minister’s anti-corruption champion said.

Panama has enacted a 15 percent tax on corporations without domestic activities, targeting shell companies used by wealthy foreigners to shield profits earned abroad, as the country seeks to shed its tax-haven reputation and exit a European Union blacklist.

Digital money transfer giant Wise is under criminal investigation by Belgian prosecutors over concerns that its accounts were used by international criminal organizations to launder proceeds of fraud, corruption, and drug trafficking.