Risk Types

Spanish lender Santander has agreed to pay €22.5 million ($26.18 million) to settle a long-running tax fraud case in France, bringing to a close an investigation that began more than a decade ago, according to Reuters.

Nigeria’s central bank has unveiled sweeping new cash withdrawal limits and related rule changes aimed at curbing cash dependence and reducing security and money-laundering risks, according to Reuters.

China’s central bank has restated its hard line on cryptocurrencies, warning that a renewed wave of speculation is testing regulators and vowing tougher action against illegal activities involving stablecoins, according to Reuters.

United Nations expert is calling for the United States to lift its decades-old sanctions on Cuba, citing their corrosive impact on the country’s populace and economic future, Al Jazeera reported. 

Families of Americans killed, injured or taken hostage in Hamas’s October, 7 2023 attack on Israel have accused Binance founder Changpeng “CZ” Zhao and his cryptocurrency exchange of helping militant groups move millions of dollars, according to the Financial Times.

The UK’s Financial Conduct Authority (FCA) has launched a consultation to overhaul the country’s transaction reporting regime, promising both stronger tools to combat financial crime and a lighter reporting burden for firms.

A Singapore court has allowed a $2.7-billion lawsuit against Standard Chartered Bank to proceed over its alleged role in the looting of Malaysia’s 1MDB sovereign fund, according to Reuters.

Fugitive former Wirecard executive Jan Marsalek has been linked to a sprawling, multibillion-dollar money laundering network that British investigators say connects street-level drug dealers in the UK to sanctioned Russian oligarchs and the Kremlin’s security services, the Financial Times reported.

An intricate network of Russian, North Korean, and Gulf-based companies has been quietly helping funnel hundreds of thousands of barrels of oil to North Korea in apparent violation of U.N. sanctions, according to a new investigation by OCCRP and its affiliates.

French investigators have stepped up their probe into alleged corruption at Patrick Drahi’s Altice telecoms group with a series of coordinated raids across the country, seizing cash, luxury goods and other assets, Bloomberg reported.