U.S. Formally Seeks Dismissal of Halkbank Sanctions Case
The U.S. Department of Justice formally asked a federal judge Wednesday to dismiss its criminal case against Halkbank, telling the court it has no intention of prosecuting the Turkish state-run lender.
Crime Groups Now Have Hands on Every Part of Global Gold Supply Chain
Criminal syndicates have embedded themselves so deeply in the global gold supply chain that the regulatory frameworks designed to contain them are fundamentally inadequate, according to a new report by the Global Initiative Against Transnational Organized Crime (GI-TOC).
EU Proposes 21st Russia Sanctions Package, Targeting Banks and Crypto Networks
The European Union has proposed a sweeping 21st package of sanctions against Russia, with a record-setting wave of bank listings at its core and new measures targeting cryptocurrency platforms, oil traders, and shadow fleet vessels.
Moroccan Bank Pays €175mn to Settle Probe Over Unauthorized Banking
Morocco’s Banque Centrale Populaire (BCP) has agreed to pay €175,215,571 to settle a Belgian criminal investigation into the bank and its French subsidiary over nearly two decades of alleged unauthorized banking operations serving tens of thousands of Belgian clients.
Chile Rethinks Bank Secrecy as Tren de Aragua Probe Points to Insider Recruitment
The arrest of bank employees with alleged ties to Venezuela’s Tren de Aragua criminal organization has reignited debate over Chile’s financial secrecy rules, which are among the most restrictive in the world.
Hungary Deploys AI to Track Alleged Orbán-Era Corruption and Fraud
Hungary’s Integrity Authority has developed an artificial intelligence and machine-learning platform to track Hungary’s financial flows in real time as it works to trace an estimated €160 billion in public funds alleged to have been misappropriated during former Prime Minister Viktor Orbán’s 16 years in power.
Four Nations Impose Sanctions over West Bank Settler Violence
Britain, Canada, France, and Norway on Tuesday announced coordinated sanctions targeting Israeli networks accused of financing, enabling, and carrying out violence in the Israeli-occupied West Bank.
FinCEN Issues Advisory Warning Banks on Payroll Fraud Tied to Migrants
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.
HSBC Charged in French Probe Tied to Ex-Lebanese Central Bank Governor
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.
U.S. Sanctions Cuban President, Castro Relatives in Growing Pressure Campaign
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.