Covered Institutions

Local governments in southern Italy that colluded with organized crime deliberately avoided large EU-funded projects to stay below anti-mafia certification thresholds, according to new academic research.

BNP Paribas is asking a federal appeals court to overturn a landmark jury verdict that found the French bank liable for enabling human rights abuses in Sudan, arguing the trial judge misapplied both Swiss and U.S. law.

Estonia, Latvia, and Lithuania have jointly concluded that deliberate de-risking campaigns by traditional Baltic banks have driven large-scale client migration toward Lithuanian fintech firms, concentrating money laundering risk in a single digital institution.

President Donald Trump signed an executive order Tuesday directing federal financial regulators to treat undocumented immigrants as potential credit and compliance risks.

A former Austrian intelligence official was convicted Wednesday of spying for Russia in the largest espionage trial in Austria’s postwar history, delivering a verdict that officials hope will help repair the country’s standing as a hub of hostile foreign intelligence activity.

The surging value of Pokémon trading cards has attracted organized-crime groups seeking to launder illicit funds through the largely unregulated collectables market.

OFAC designated more than a dozen individuals and entities linked to the Sinaloa Cartel, targeting two separate networks accused of fentanyl trafficking and money laundering, including one that allegedly converted bulk U.S. drug cash into cryptocurrency for transfer to cartel leadership in Mexico.

Russian intelligence-linked hackers who penetrated the U.S. Treasury Department in the 2020 SolarWinds cyberattack gained the ability to access email accounts across the entire agency, including staff working on sanctions and financial-crime investigations.

Bitcoin Depot, formerly the largest operator of cryptocurrency ATMs in the United States, filed for voluntary Chapter 11 bankruptcy Sunday and took its roughly 9,700 kiosks offline.

Standard Chartered plans to eliminate almost 8,000 jobs by 2030 as the Asia-focused bank shifts to an artificial intelligence-centered strategy, with its chief executive saying the cuts amount to replacing workers with technology rather than simple cost reduction.