Government

The director of the Treasury Department’s Financial Crimes Enforcement Network is leaving the agency to become global head of sanctions at Citigroup.

Officials from Ukraine’s National Anti-Corruption Bureau searched the country’s State Financial Monitoring Service as part of an investigation into the agency’s head, Filip Pronin, a suspect in a multimillion-dollar embezzlement scheme.

The Isle of Man, which built online gambling into one of the largest pillars of its economy, is grappling with a sprawling scandal after one of its flagship licensees was linked to scam operations run from the island.

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.

The United States on Thursday imposed sanctions on Cuban President Miguel Díaz-Canel, his wife, several relatives of former Cuban leader Raúl Castro and five Cuban entities, escalating the Trump administration’s campaign to pressure Havana’s political and military leadership.

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.

The U.S. Department of Justice has reached a temporary staffing compromise that will return about 40 white-collar prosecutors, including those focused on insider trading, to the Criminal Division’s fraud section, reversing an April transfer to the Trump administration’s new fraud division.

Hungarian prosecutors and police have seized around 92 billion forints ($300 million) in funds and securities in a money laundering probe of foundations set up by the National Bank of Hungary.

Italian authorities are seizing more than €200 million ($232 million) in assets tied to late Mafia boss Matteo Messina Denaro, including funds derived from drug trafficking and laundered across Europe and beyond.