Drug Cartels are Changing Tactics and Routes in Response to U.S. Crackdown
South American governments are deploying soldiers, drones, sniffer dogs, artificial intelligence, and expanded port surveillance to try to stem a record flow of cocaine, but the crackdown is having little impact as traffickers change up routes and tactics.
Deutsche Bank Self-Reports Possible Russia Sanctions Violations
Deutsche Bank has alerted financial regulators of potential breaches of EU sanctions rules involving Russian clients after discovering that its retail unit had accepted deposits of more than €100,000 from individuals subject to the bloc-wide prohibitions.
IMF Calls for Stronger Interbank Data-Sharing to Combat Rising Digital Fraud
The International Monetary Fund has urged banks to share more threat and transaction data with one another, arguing in a recent working paper that the sector’s response to fast-rising digital fraud is weakened by information silos within institutions and across borders.
Wife of Spanish PM to Stand Trial for Alleged Corruption, Embezzlement
Spanish Prime Minister Pedro Sánchez is facing renewed political pressure after a judge ordered his wife, Begoña Gómez, to stand trial, deepening a corruption controversy that already involves several of his relatives and close associates.
Why Anthropic Came to View Its Latest AI Model as a National Security Risk
Anthropic withheld its new artificial intelligence model, Mythos, from a broad public release after internal testing showed it could autonomously find and exploit serious software flaws, alarming company researchers and prompting banks and government agencies to move quickly to assess the threat.
U.S. Treasury to End Cyber Threat-Sharing Feed for Banks
The U.S. Treasury Department is shutting down a program that shared cybersecurity threat intelligence with banks and other financial firms after cutting its funding.
Magyar’s New Task: Dismantling the ‘Party-State’ Without Destroying the State
Hungary’s incoming prime minister, Péter Magyar, is pledging to oversee a broad anti-corruption campaign once in office, including the creation of new watchdog bodies and investigations of government contracts.
Grassley Questions Candor of UBS on Nazi-Linked Accounts
UBS AG is facing renewed pressure from the U.S. Senate Judiciary Committee over its handling of an investigation into possible Nazi-linked accounts at Credit Suisse, after the panel’s chairman accused the Swiss bank of withholding documents and obstructing a full review.
Orban’s Exit Comes with Shredded Documents and Sanctions Questions
Hungary’s incoming prime minister, Péter Magyar, accused outgoing Foreign Minister Péter Szijjártó on Monday of shredding documents related to European Union sanctions.
Britain’s Financial Regulators Are Scrambling to Assess Mythos Risks
UK financial regulators are urgently assessing the risks posed by Anthropic’s latest AI model after concerns that its ability to uncover software vulnerabilities could expose major financial institutions to new cybersecurity threats.