Risk Types

The chief executive of KPMG’s Australian arm and its national audit leader have resigned after the Big Four firm admitted its investigation into whistleblower allegations of data misuse had fallen short of its standards.

China has launched the biggest overhaul of its cross-border tax and capital-controls regime in decades, threatening three popular offshore brokers with at least $330 million in penalties, vowing stricter bank oversight, and ramping up private pressure on the country’s wealthiest citizens.

A senior White House adviser personally directed the Pentagon to extend a $620 million loan to Vulcan Elements, a North Carolina rare-earth magnet startup partly owned by a venture firm tied to Donald Trump Jr.

Hong Kong has surpassed Switzerland as the world’s largest cross-border wealth-management center for the first time, driven by a surge of investment from mainland China.

The Trump administration has re-added a United Nations human rights official to the U.S. sanctions blacklist just one week after quietly removing her, and less than two weeks after a federal judge ruled the original designation unconstitutional.

A Houston-based petroleum trader raided last month by U.S. federal agents is under investigation in Mexico in connection with a suspected fuel smuggling scheme linked to the Jalisco New Generation Cartel (CJNG).

Singapore’s financial regulator has directed private banks to reduce account opening wait times to within one month by year-end, as the city-state moves to reassert itself as a global wealth management hub after a series of money-laundering scandals.

Local governments in southern Italy that colluded with organized crime deliberately avoided large EU-funded projects to stay below anti-mafia certification thresholds, according to new academic research.

BNP Paribas is asking a federal appeals court to overturn a landmark jury verdict that found the French bank liable for enabling human rights abuses in Sudan, arguing the trial judge misapplied both Swiss and U.S. law.

Estonia, Latvia, and Lithuania have jointly concluded that deliberate de-risking campaigns by traditional Baltic banks have driven large-scale client migration toward Lithuanian fintech firms, concentrating money laundering risk in a single digital institution.