Covered Institutions

Asian countries hit by acute energy disruptions from the Gulf conflict are increasingly turning to Russia for emergency oil supplies after the United States granted a temporary sanctions waiver on Russian crude.

The Commodity Futures Trading Commission sued Arizona, Illinois, and Connecticut on Thursday, escalating the Trump administration’s defense of prediction markets and arguing that the federal agency has exclusive authority over contracts offered by platforms such as Kalshi.

Three Greek cabinet ministers resigned on Friday as a European Union investigation into alleged farm subsidy fraud widened, in a case that has intensified political pressure on the government and added to unrest in the country’s farming sector.

Trade misinvoicing is occurring at “massive scale” across Asian supply chains, with discrepancies in reported invoice values reaching a record $1.7 trillion in 2022 across developing Asia.

Cambodia’s parliament on Friday passed the country’s first law specifically aimed at combating online scam centers, setting prison terms and fines for fraud, money laundering, data theft, and recruitment tied to the illicit industry as scrutiny intensifies over the country’s role in global cyber scams.

Soaring chocolate prices and strong Easter demand are helping drive a rise in shop theft across Britain, with organized crime gangs increasingly targeting confectionery because it is portable, easy to resell, and difficult to trace.

Brazil’s biggest-ever bank fraud case has left the country’s banking system facing a 52 billion-real ($9.9 billion) bill after Banco Master used funds, asset sales, and other maneuvers to hide major balance-sheet problems from investors and regulators.

Sen. Richard Blumenthal, the top Democrat on the Senate Permanent Subcommittee on Investigations, said he has pressed Binance for records over concerns the cryptocurrency exchange may have given Congress misleading information about reported money laundering and terrorist financing tied to Iran. 

Ten years after the Panama Papers exposed the offshore financial system exploited by tax cheats and criminals around the world, prosecutions and transparency reforms tied to the landmark investigation are still unfolding.

German authorities have uncovered an alleged €300-million payments fraud that has drawn in former staff and executives at several payment companies, deepening the sector’s long-running crisis years after the collapse of Wirecard.