Risk Types

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.

OFAC designated more than a dozen individuals and entities linked to the Sinaloa Cartel, targeting two separate networks accused of fentanyl trafficking and money laundering, including one that allegedly converted bulk U.S. drug cash into cryptocurrency for transfer to cartel leadership in Mexico.

Russian intelligence-linked hackers who penetrated the U.S. Treasury Department in the 2020 SolarWinds cyberattack gained the ability to access email accounts across the entire agency, including staff working on sanctions and financial-crime investigations.

The U.S. Commodity Futures Trading Commission is investigating a surge of more than $800 million in oil futures trades that occurred moments before President Trump announced on social media that he was postponing strikes on Tehran’s energy infrastructure.