Oversight Agency

Thousands of seemingly legitimate UK high street shops are being used by organized-crime groups to launder illicit cash, sell illegal goods, and feed wider criminal networks, with at least £47 billion a year drained from the British economy by the schemes.

A former Deutsche Bank executive who went public with allegations that the lender’s asset-management arm overstated its environmental, social, and governance (ESG) credentials has been denied a U.S. whistleblower award because regulators say they first learned of her claims through the press.

Elon Musk has agreed to pay $1.5 million to settle U.S. Securities and Exchange Commission (SEC) allegations that he cheated Twitter shareholders in 2022 by failing to properly disclose his growing stake in the social media company.

President Donald Trump on Friday signed an executive order authorizing penalties against foreign banks and other companies anywhere in the world that do business with the Cuban government. 

Canada is moving to create a powerful new law enforcement agency dedicated to investigating and prosecuting financial crime, a step that places Ottawa on a sharply different course from Washington, where the Trump administration has scaled back federal fraud enforcement.

Russia has emerged as Syria’s dominant oil supplier, with shipments rising about 75 percent to roughly 60,000 barrels per day this year despite Damascus’s pivot toward the West and lingering public anger over Moscow’s military backing of ousted leader Bashar al-Assad.

The United States imposed sanctions on former Democratic Republic of the Congo President Joseph Kabila, accusing him of supporting armed groups that Washington says have fueled conflict and instability in eastern Congo.

Britain’s Serious Fraud Office (SFO) on Friday secured a £10 million payment from defense contractor Ultra Electronics after the company accepted responsibility for failure to prevent bribery, the agency said in a statement.

A federal jury on Friday convicted former Republican U.S. Rep. David Rivera of Florida and political consultant Esther Nuhfer of secretly working as foreign agents for Venezuela’s government in 2017 and 2018, capping a five-week trial that featured testimony from Secretary of State Marco Rubio.

U.S. banks have heard little from the Trump administration about the scope of an expected executive order that would require them to collect citizenship or immigration-status data on their customers, leaving the industry warning of multibillion-dollar costs and the prospect of millions of Americans being shut out of the banking system.