Money Laundering

Norway’s financial watchdog has found “serious deficiencies” in anti-money-laundering compliance at Svenska Handelsbanken AB’s Norwegian branch.

The U.S. Treasury Department on Thursday imposed sanctions on Nicaraguan government officials, firms operating in Nicaragua’s gold sector, and individuals tied to the forcible seizure of a U.S.-owned mining asset. 

Britain’s National Crime Agency (NCA) has charged shipping financier John Michael Ormerod with alleged money laundering and breaches of Russia sanctions.

New details about the allegations against the rapper Gims have emerged after French authorities charged the Congolese music star with money laundering linked to millions of euros in suspicious transactions.

Telegram is still hosting Xinbi Guarantee, a Chinese-language black market that British officials have levied sanctions on and accused of facilitating crypto scams and human trafficking.

Britain’s Financial Conduct Authority has launched a consultation on guidance for the UK’s future crypto regime, as the regulator moves toward opening authorizations for crypto firms later this year. 

The U.S. Treasury Department on Tuesday imposed sanctions on six people and businesses it said were tied to a money laundering and cash-smuggling network operated by Cartel del Noreste, a Mexican drug trafficking group active near the U.S.-Mexico border.

Hungary’s incoming prime minister, Péter Magyar, is pledging to oversee a broad anti-corruption campaign once in office, including the creation of new watchdog bodies and investigations of government contracts.

Dutch police have arrested eight men on suspicion of identity fraud, forgery, and cybercrime in a nationwide operation targeting users of VerifTools, a fake-ID platform that investigators say generated forged documents for criminals around the world. 

UBS AG has won dismissal of money-laundering charges inherited from Credit Suisse over the long-running Mozambique tuna-bond scandal after a Swiss court found criminal liability could not be transferred after the bank’s 2023 takeover of its former rival.