Investment Banks

Singapore’s financial regulator has warned fund managers that a popular low-tax investment structure introduced to attract offshore capital could be exploited for money laundering.

European defense company Czechoslovak Group failed to tell investors before its January stock market debut that a Spanish ammunition subsidiary had been suspended by NATO’s procurement agency amid a widening corruption investigation.

U.S. banks have stepped up monitoring for potential cyberattacks as the U.S. war in Iran grinds on, while Gulf lenders face fresh questions over their preparedness for cyber activity tied to Iran-aligned hacktivists.

Dubai has cultivated an image as the safest haven for global capital in the Middle East, but Iranian strikes on the emirate are putting that image to a test.

A U.S. Justice Department release tied to the Jeffrey Epstein investigation has unexpectedly pulled back the curtain on “family offices”—the private, often home-office-style investment operations used by many of the world’s wealthiest families.

The fallout of the release of the Epstein Files continued this week, with emergence of new details of the deceased sex trafficker’s finances, the launch of additional investigations into suspicious money flows and related sexual-abuse allegations, and the arrest of a former British royal.

Goldman Sachs is preparing to remove race, gender identity, sexual orientation and other diversity factors from the criteria its governance committee uses to identify potential candidates for its board.

Two Wall Street firms continued to manage a trust held on behalf of Suleiman Kerimov even after the Russian oligarch was blacklisted under U.S. sanctions in 2018, Bloomberg reported Tuesday.

Goldman Sachs has been working with artificial intelligence startup Anthropic for the past six months to co-develop autonomous “AI agents” intended to automate trade and transaction accounting and client vetting and onboarding.

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.