Chelsea FC to Pay Millions for Offshore Payments Under Abramovich’s Ownership
Chelsea FC were fined £10.75 million and handed a suspended transfer ban by the Premier League over undisclosed payments made during Roman Abramovich’s ownership, in a case that drew renewed attention to offshore money flows and hidden financial arrangements in football.
World Bank Bans Three PwC Units for Fraudulent Practices in Africa
The World Bank has barred PricewaterhouseCoopers network affiliates in Mauritius, Kenya, and Rwanda from providing professional services on bank-financed projects for 21 months after finding they engaged in collusive and fraudulent practices tied to an East African power project.
U.S. Arms Trafficking to Mexico Is Booming
Weapons traffickers supplying Mexico’s Sinaloa Cartel have sharply increased shipments from the United States, with demand fueled by cartel warfare and financed through a growing cross-border smuggling business that now moves hundreds of firearms at a time.
UK Joint Committee Warns on Britain’s ‘Brittle’ Checks on Political Illicit Finance
A UK parliamentary committee warned on Wednesday that weaknesses in Britain’s political finance regime leave it vulnerable to illicit foreign funds, and said enforcement remains too fragmented and underpowered to deter abuse.
Drug Trafficking and Money Laundering are Worsening in the UK: NCA
Serious and organized crime became more diverse and more harmful in 2025, with drugs, organized immigration crime, and illicit finance all worsening, according to a new report by the UK’s National Crime Agency (NCA).
Viktor Orban and the Palatial Hapsburg Manor He Says He Doesn’t Own
Hungary’s long-serving Prime Minister Viktor Orbán is facing mounting political pressure ahead of an April 12 election as a sprawling estate in his home village becomes a flashpoint for opposition claims of corruption.
Prominent UK Polo Patrons Tied to Alleged Illicit Funds at Shuttered Swiss Bank
U.S. officials have linked two prominent figures in English polo to an alleged scheme to launder proceeds from the illicit sale of Venezuelan oil, according to a Financial Times report that cited a recent Treasury Department notice about the now-defunct Swiss lender MBaer Merchant Bank.
Ex-RBS Manager Pleads Guilty to Extorting Bribes from Business Clients
A former Royal Bank of Scotland manager has admitted taking more than £600,000 in bribes in exchange for favorable treatment of business customers trapped inside the bank’s discredited Global Restructuring Group (GRG).
Hong Kong Raids Securities Firms, Arrests 8 in Major Bribery Case
Hong Kong authorities have arrested eight people in their biggest coordinated market misconduct raids since 2017, as regulators investigate an alleged HK$315 million ($40 million) insider dealing and corruption scheme involving two major brokerages and a hedge fund manager.
West Africa’s Growing Role in the Global Cocaine Supply Chain
West Africa has become a major and expanding logistics, warehousing, and redistribution hub in the global cocaine trade, with the market in the region larger than ever and increasingly damaging to public health, governance, and security.