HSBC and Barclays Face $12bn Lawsuit Linked to Epstein and Jersey Trust
HSBC and Barclays are facing a $12-billion civil lawsuit involving a now-defunct Jersey trust that has been linked in proposed U.S. legislation to the Jeffrey Epstein scandal, The Times reported.
U.S. Targets Hezbollah Ties to Gold Exchange and Financiers
The U.S. Treasury Department imposed sanctions on a Lebanon-based gold exchange company and a network of individuals behind a procurement and commodities shipping scheme purportedly tied to Hezbollah.
Mayor of Ecuador’s Biggest Port City Accused of Money Laundering and Tax Evasion
The mayor of Ecuador’s largest port city was arrested Tuesday on charges of money laundering and tax evasion, as prosecutors widened a case that also swept up his brother and other members of his inner circle, the Associated Press said.
MONEYVAL Outlines Challenges in Curtailing Criminal Misuse of Crypto
The Council of Europe’s anti-money-laundering body on Tuesday published a new report on how criminals exploit crypto-assets to launder illicit proceeds, fund terrorism, and evade sanctions.
Stalled Corruption Case Ties El Salvador’s Leader to Suspect PDVSA Payments
El Salvador’s top prosecutor has effectively halted a money-laundering investigation into a Venezuela-financed oil venture whose funds flowed into bank accounts linked to President Nayib Bukele.
How AI is Helping Southeast Asian Crime Groups Fleece More Victims
Criminal syndicates operating scam centers in Southeast Asia are adopting inexpensive artificial-intelligence tools to widen their reach and keep operations running even as governments intensify crackdowns, senior Interpol officials told Bloomberg.
Two Wall Street Firms Continued to Work with Russian Oligarch Despite Sanctions
Two Wall Street firms continued to manage a trust held on behalf of Suleiman Kerimov even after the Russian oligarch was blacklisted under U.S. sanctions in 2018, Bloomberg reported Tuesday.
Global Anti-Corruption Fight Seen as Weakening in 2025
The fight against corruption is seen as weakening across the globe in 2025, with “bold, accountable leadership” in decline, according to Transparency’s International’s newly released Corruption Perceptions Index (CPI).
Colombia’s Top Prosecutor is Planning to Prosecute Ecopetrol President
Colombia’s Attorney General’s Office said Monday it will file corruption charges against Ecopetrol President Ricardo Roa, alleging misconduct tied to his role as finance manager for President Gustavo Petro’s 2022 campaign and to contracting decisions at the state-run oil company, the Associated Press said.
Bill Would Take on Criminals Seeking to Circumvent AML Laws
Two U.S. senators reintroduced a bipartisan bill that would subject informal-value transfers and blank checks to anti-financial crime laws and strengthen the hand of prosecutors pursuing money-laundering charges.