Reputational Risk

The Federal Reserve on Monday proposed a new rule that would prohibit its examiners penalizing institutions over the “reputation risk” they face from customers—a policy shift that aligns with ongoing litigation brought by President Donald Trump against JPMorgan Chase. 

Jeffrey Epstein held a retail current account and a savings account at BNP Paribas from 2008 until mid-2018, according to documents released by the U.S. Justice Department and reported by Le Monde. 

South Florida Republican officials are pressing for tougher scrutiny of businesses that send goods or provide services linked to Cuba, the Miami Herald reported.

Goldman Sachs is preparing to remove race, gender identity, sexual orientation and other diversity factors from the criteria its governance committee uses to identify potential candidates for its board.

Cryptocurrency flows to suspected human trafficking services surged 85% in 2025, reaching hundreds of millions of dollars across identified services.

A newly formed group of businesses and organizations in Australia are set to team up to fight financial abuse as part of a new program that encourages collaboration to address major social and economic ills.

HSBC and Barclays are facing a $12-billion civil lawsuit involving a now-defunct Jersey trust that has been linked in proposed U.S. legislation to the Jeffrey Epstein scandal, The Times reported.

Two Wall Street firms continued to manage a trust held on behalf of Suleiman Kerimov even after the Russian oligarch was blacklisted under U.S. sanctions in 2018, Bloomberg reported Tuesday.

The fight against corruption is seen as weakening across the globe in 2025, with “bold, accountable leadership” in decline, according to Transparency’s International’s newly released Corruption Perceptions Index (CPI). 

Last month, the dollar-pegged stablecoin created by the Trump family’s crypto firm, World Liberty Financial, reached an important milestone: the total circulation of USD1 exceeded $5 billion for the first time, ranking it among the world’s top cryptocurrencies, according to recent reporting by The New York Times.