Law Enforcement

The U.S. Department of Justice has reached a temporary staffing compromise that will return about 40 white-collar prosecutors, including those focused on insider trading, to the Criminal Division’s fraud section, reversing an April transfer to the Trump administration’s new fraud division.

Hungarian prosecutors and police have seized around 92 billion forints ($300 million) in funds and securities in a money laundering probe of foundations set up by the National Bank of Hungary.

China has launched the biggest overhaul of its cross-border tax and capital-controls regime in decades, threatening three popular offshore brokers with at least $330 million in penalties, vowing stricter bank oversight, and ramping up private pressure on the country’s wealthiest citizens.

Italian authorities are seizing more than €200 million ($232 million) in assets tied to late Mafia boss Matteo Messina Denaro, including funds derived from drug trafficking and laundered across Europe and beyond.

A federal court in Brooklyn vacated corruption charges Wednesday against two defendants convicted in the U.S. crackdown on FIFA bribery, after the Trump administration said the cases no longer fit its prosecutorial priorities.

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).

Countries where bribes were paid have become the primary drivers of major cross-border bribery enforcement, according to a new OECD report that documents nearly two decades of coordinated multinational prosecutions.

Gérard Lhéritier, the French businessman convicted of running what prosecutors called the largest Ponzi scheme ever uncovered in France, has avoided prison after negotiating a last-minute plea bargain citing age and health.

Spain’s National Court has charged former Prime Minister José Luis Rodríguez Zapatero with money laundering, influence peddling, document falsification, and related criminal offenses stemming from the government’s €53-million pandemic-era bailout of Plus Ultra airlines.

Alex Saab, the businessman widely seen as the financial fixer for ousted Venezuelan President Nicolás Maduro, was charged with money laundering in federal court in Miami on Monday.