Legal

A Spanish court has declared former Catalan leader Jordi Pujol, 95, unfit to stand trial in a long-running corruption case alleging his family concealed as much as €290 million in illicitly obtained wealth in Andorra

Sweden’s Supreme Court has acquitted former Swedbank chief executive Birgitte Bonnesen, overturning the only prison conviction handed to a senior Nordic banker in connection with one of Europe’s biggest money-laundering scandals.

Eurasian Natural Resources Corporation is seeking more than $168 million in compensation from the UK Serious Fraud Office (SFO), law firm Dechert, and former Dechert partner Neil Gerrard over losses it says arose from a decade-long criminal investigation.

U.S. lawyers are increasingly warning clients not to treat artificial-intelligence chatbots as confidential sounding boards after a federal judge in New York ruled that a former financial-services executive could not withhold chatbot-generated materials from prosecutors in a securities-fraud case.

A U.S. appeals court on Monday ruled that Bank of America cannot be sued over its closure of an Iranian American customer’s account after finding the bank was protected by a federal liability shield for actions taken in good faith to comply with U.S. sanctions laws. 

UBS AG has won dismissal of money-laundering charges inherited from Credit Suisse over the long-running Mozambique tuna-bond scandal after a Swiss court found criminal liability could not be transferred after the bank’s 2023 takeover of its former rival.

UBS AG said it will not hand over privileged documents sought in an investigation into Credit Suisse’s handling of Nazi-linked accounts after a U.S. judge declined to give the bank assurances that doing so would not expose it to new legal claims.

Several senior Binance compliance officials overseeing sanctions, investigations, and financial-crime monitoring have left the company in recent months as the crypto exchange faces renewed scrutiny over alleged sanctions evasion and illicit-finance risks.

Hackers infiltrated Washington, D.C.-based Jones Day and stole data on 10 of its clients via a phishing-related cyberattack.

Ten years after the Panama Papers exposed the offshore financial system exploited by tax cheats and criminals around the world, prosecutions and transparency reforms tied to the landmark investigation are still unfolding.