Covered Institutions

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.

FinCEN and other U.S. regulators on Friday issued a joint advisory warning banks to be alert to payroll fraud and identity-theft schemes connected to the employment of undocumented migrants, citing more than $2.5 billion in suspicious activity reported to the bureau in 2025.

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.

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.

Albanian anti-corruption prosecutors have launched a criminal investigation into a proposed $4 billion luxury resort backed by Jared Kushner, President Donald Trump’s son-in-law, and have frozen the bank accounts of a landholding company tied to the project amid widening scrutiny of property transactions at the protected coastal site.

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.

Cuba will suspend Visa and Mastercard transactions beginning June 6 after a foreign partner that had processed credit card payments on the island decided to curtail operations in response to sweeping new U.S. sanctions.

Britain’s Financial Conduct Authority (FCA) has written directly to Premier League football clubs warning that sponsorship arrangements with unauthorized cryptocurrency exchanges and trading platforms may expose them to criminal liability, money-laundering risks, and enforcement actions.