Source of Funds

UBS Group AG failed to convince a U.S. judge to clarify a 1999 settlement over Holocaust-era claims against Swiss banks, a setback for the lender as it seeks to head off potential new financial claims tied to Nazi victims’ assets.

Britain’s government will cap political donations from British citizens living overseas at £100,000 a year and temporarily ban cryptocurrency donations under emergency election law changes aimed at countering foreign interference.

Hungary’s long-serving Prime Minister Viktor Orbán is facing mounting political pressure ahead of an April 12 election as a sprawling estate in his home village becomes a flashpoint for opposition claims of corruption.

The DEA opened a secret investigation into Jeffrey Epstein in 2015 on suspicions of money laundering, drug trafficking, and running a prostitution ring that procured Eastern European women for high-profile clients.

Referrals by the Internal Revenue Service for possible criminal tax violations by large corporations and ultra-wealthy individuals plummeted follwing President Donald Trump’s return to office, with the agency’s division responsible for auditing big businesses and billionaires sending at most two cases to criminal investigators in fiscal year 2025.

Star Entertainment’s ex-chief executive Matthias Bekier and former in-house lawyer Paula Martin breached their directors’ duties during the casino operator’s “Chinese money-laundering era”, the Australian Federal Court found.

Lebanese prosecutors have charged former central bank governor Riad Salameh with alleged embezzlement of $44.8 million, nearly ten months after a court decision to refer him to trial, according to OCCRP. 

Authorities raided the residential properties and offices of French Culture Minister Rachida Dati on Thursday as part of a corruption probe linked to her previous tenure as a member of the European Parliament, Bloomberg reported. 

Law enforcement raids on luxury Kyiv apartments, including one bathroom fitted with a golden toilet, and images of duffel bags stuffed with cash have plunged President Volodymyr Zelenskyy’s administration into its biggest corruption crisis since he took office, the Financial Times reported. 

A third of inspected law firms in England and Wales are breaching anti-money laundering (AML) requirements, according to a report on new figures from the Solicitors Regulation Authority (SRA).