UK’s Top-Paid Oil Exec Faces Global Asset Freeze Over Siphoned Iran Funds
North Sea oil executive Francesco Mazzagatti could soon be the subject of a worldwide asset freeze stemming from a London lawsuit alleging he siphoned funds from former business partners tied to an Iranian petrochemicals business.
JPMorgan Hit With Class-Action Suit Over Alleged Crypto-Ponzi Scheme
Three class-action lawsuits have been filed in the wake of federal charges against Christopher Delgado, the founder and former chief executive of Goliath Ventures, including one case accusing JPMorgan Chase of helping enable an alleged $328-million crypto- Ponzi scheme.
Bank of America Aims to Settle Lawsuit Brought by Epstein Victims
Bank of America has agreed in principle to settle a proposed class action lawsuit brought by Jeffrey Epstein’s victims ,who accused the lender of aiding the late financier’s sex-trafficking operation.
Leon Black to Be Deposed in Case Alleging BofA Ignored Epstein Red Flags
Leon Black, the billionaire financier and former chief executive of Apollo Global Management, has been ordered to sit for a deposition in a lawsuit accusing Bank of America of facilitating and profiting from Jeffrey Epstein’s sex-trafficking operation.
DOJ and Halkbank to Settle Sanctions-Evasion Case with DPA
The U.S. Justice Department is poised to resolve its long-running criminal case against Turkey’s state-owned Halkbank through a deferred prosecution agreement (DPA).
Court Dismisses Lawsuit to Hold Binance, Zhao Liable for Terror Attacks
A U.S. federal judge has dismissed a civil lawsuit that sought to hold Binance and its founder, Changpeng Zhao, liable for transactions allegedly linked to terrorist groups behind 64 attacks worldwide.
Ex-Star CEO Faces Millions in Fines for AML Lapses
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.
Did Citi’s Internal Security Unit Help Quash Compliance Concerns?
Citigroup faces troubling allegations that an in-house security unit comprised of former law-enforcement officials penalized two compliance staffers who came forward with regulatory concerns and helped defend the institution against a lawsuit by a former employee.
Kyrgyzstan Poised to Challenge EU Over Potential Russia Sanctions
Kyrgyzstan is prepared to take the European Union to court if Brussels imposes sanctions on the Central Asian state over allegations it has helped funnel restricted goods to Russia.
Family of U.N. Official Sue U.S. in Fight Against Controversial SDN Sanctions
The family of Francesca Albanese, the U.N. special rapporteur for Palestine, sued President Trump and senior U.S. officials on Wednesday, challenging sanctions imposed on her over her advocacy for the prosecution of Israeli leaders and international companies connected to the war in Gaza.