Law Enforcement

A U.S. judge on Thursday granted preliminary approval to Bank of America’s $72.5 million settlement with women who accused the bank of facilitating Jeffrey Epstein’s sexual abuse.

French anti-terrorism prosecutors are investigating whether a thwarted bombing at Bank of America’s Paris office was linked to an Iran-backed group that has urged attacks on Jewish communities and businesses across Europe, according to a Financial Times report.

Chinese authorities have arrested the former chairman of Cambodia’s Huione Group, a financial conglomerate identified as a central player in a global money-laundering network, in the latest escalation of Beijing’s campaign against transnational organized crime in Southeast Asia, The New York Times said.  Li Xiong, a Chinese national and former chairman of Huione Group, was […]

U.S. authorities have charged an alleged hacker in connection with a 2021 exploit of decentralized exchange Uranium Finance that drained about $53 million in crypto and helped force the platform to shut down.

Hungary has recovered and returned less than a fifth of EU funds flagged for potential fraud over the past decade, according to data from the bloc’s anti-fraud watchdog reported by the Financial Times. 

The trial of Russian businessman Dmitry Klyuev, accused by French prosecutors of laundering proceeds of the $230 million Magnitsky Affair fraud through luxury purchases in France, opened in Paris on Monday. 

UBS AG processed an $8-million transfer for Ghislaine Maxwell in late 2019 that ultimately helped fund the cash purchase of the New Hampshire estate where she later went into hiding before her 2020 arrest.

Florida shell companies and virtual office addresses are at the center of an expanding international investigation into at least $260 million in funds tied to Argentina’s top soccer authority.

An entrepreneur who used ties to prominent academics to raise nearly $27 million for a cluster of startups ran what U.S. regulators described as an “IP-rich” and “Ponzi-like” scheme that recycled new investor money to repay earlier backers while funding a lavish personal lifestyle.

Binance failed for months to cut ties with a payment-processing vendor despite a series of red flags that pointed to possible sanctions evasion and money laundering involving transfers later linked to Iran.