Lenders

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. 

The Trump administration has imposed sanctions on Viviane Barci de Moraes, the wife of Brazilian Supreme Court justice Alexandre de Moraes, escalating a confrontation over the judge’s handling of cases against former president Jair Bolsonaro.

A Singapore court on Monday convicted two businessmen of falsifying documents that misled auditor EY into believing Wirecard held substantial cash in Singapore bank accounts.

KPMG overlooked serious risks at three regional banks that collapsed in 2023, a U.S. Senate report has found, raising questions about the quality of oversight by one of the world’s largest audit firms.

FinCEN Files investigation revealed how U.S. banks helped move illicit money worldwide, U.S. authorities are rolling back key reforms enacted in its aftermath, sparking alarm among transparency advocates.

OFAC sanctioned two Iranian financial facilitators and more than a dozen individuals and entities based in Hong Kong and the United Arab Emirates for moving funds that allegedly benefited Iran’s military. 

Georgia’s ex‑Defense Minister Juansher Burchuladze has been arrested on charges of money laundering and abuse of power, OCCRP said. 

The United Kingdom imposed a new package of 100 sanctions aimed at curbing Russia’s ability to finance and sustain its war against Ukraine.

Swiss lawmakers are seeking to dilute key government proposals aimed at combating financial crime, arguing that stricter regulations threaten the country’s dominance in the global wealth management sector, according to Reuters. 

Republican lawmakers are intensifying calls for President Donald Trump to impose sweeping sanctions on Moscow following the recent incursion of Russian drones into Polish airspace.