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A photo of Barclays HQ in New York City. — Attribution (TASL): “Barclays - NYC Headquarters (48105882878)” by Ajay Suresh (20 June 2019), adapted by you, licensed under Creative Commons Attribution 2.0 Generic (CC BY 2.0), via Wikimedia Commons.

HSBC and Barclays Face $12bn Lawsuit Linked to Epstein and Jersey Trust

HSBC and Barclays are facing a $12-billion civil lawsuit involving a now-defunct Jersey trust that has been linked in proposed U.S. legislation to the Jeffrey Epstein scandal, The Times reported.

Photo of James Dimon, Chairman and Chief Executive Officer, JPMorgan Chase at the Annual Meeting 2013 of the World Economic Forum in Davos, Switzerland, January 23, 2013. — “The Global Financial Context: James Dimon” — World Economic Forum / swiss-image.ch (Photo: Remy Steinegger), licensed under CC BY-SA 2.0. Source: https://commons.wikimedia.org/wiki/File:The_Global_Financial_Context_James_Dimon.jpg License: https://creativecommons.org/licenses/by-sa/2.0/ Changes: none

Trump Sues JPMorgan, Jamie Dimon over Alleged ‘Woke’ Debanking

President Donald Trump sued JPMorgan Chase and CEO Jamie Dimon on Thursday, alleging the bank closed his and related entities’ accounts for political reasons following the Jan. 6, 2021 riots at the U.S. Capitol, CNBC reported.

UK Law Firms Brace for Tougher AML Regime Under FCA Oversight

UK law firms are preparing for more stringent oversight of their anti-money laundering (AML) programs after the Financial Conduct Authority (FCA) was designated as the compliance supervisor for the legal sector, The Guardian reported.

Mikhail Fridman speaking in to a microphone. — “Mikhail Fridman” by Anton Nosik, edited by Certain Risk, CC BY 3.0: https://creativecommons.org/licenses/by/3.0/ ; source: https://commons.wikimedia.org/wiki/File:Mikhail_Fridman_by_Anton_Nossik.JPG

Russian Oligarchs are Using European Treaties to Sue Ukraine for Vast Sums

Russian billionaire Mikhail Fridman and other oligarchs are exploiting European investment treaties to sue Ukraine for hundreds of millions, and in some cases billions, of dollars, according to a new investigation by Follow the Money.

Russian mobil missile launcher with launch tube extended. — Image credit: “Army-2023 vehicle showcase 08” by Ministry of Defence of the Russian Federation (Mil.ru), via Wikimedia Commons, https://commons.wikimedia.org/wiki/File:Army-2023_vehicle_showcase_08.jpg, licensed under Creative Commons Attribution 4.0 International (CC BY 4.0).

U.S. Microchip Makers Sued Over Alleged Role in Russian Attacks on Ukrainians

Major U.S. chipmakers Intel, Advanced Micro Devices and Texas Instruments, along with a Warren Buffett–owned electronics distributor, are facing a series of lawsuits accusing them of failing to prevent their semiconductors from ending up in Russian missiles and drones used to attack civilians in Ukraine.

Standard Chartered signage on exterior of building. — Image credit: Adapted from “HK Central 中環政府山 - 炮台里 Pattery Path Dec 2018 SSG 05” by WOINGA Famoied ORBELELM, via Wikimedia Commons, https://commons.wikimedia.org/wiki/File:HK_Central_%E4%B8%AD%E7%92%B0%E6%94%BF%E5%BA%9C%E5%B1%B1_-_%E7%82%AE%E5%8F%B0%E9%87%8C_Pattery_Path_Dec_2018_SSG_05.jpg, licensed under CC BY-SA 4.0. Changes were made.

Standard Chartered Settles £1.5bn Lawsuit Over Sanctions Liability

Standard Chartered has settled a £1.5-billion investor lawsuit in London that alleged the bank downplayed the scale of its Iran sanctions breaches and misled shareholders about its compliance controls, the Financial Times said.

Changpeng Zhao (CZ) from Binance at a conference. — Stephen McCarthy / Web Summit via Sportsfile, 2022 – Backstage SZ9 5823 (52471162093), 1 November 2022, via Wikimedia Commons, https://commons.wikimedia.org/wiki/File:2022_-_Backstage_SZ9_5823_(52471162093).jpg, licensed under CC BY 2.0 (Creative Commons Attribution 2.0 Generic)

Binance Founder Changpeng Zhao Sued in Over Alleged ‘Assistance’ to Hamas

Families of Americans killed, injured or taken hostage in Hamas’s October, 7 2023 attack on Israel have accused Binance founder Changpeng “CZ” Zhao and his cryptocurrency exchange of helping militant groups move millions of dollars, according to the Financial Times.

Financial trader sitting in front of a bank of monitors. — Trafigura Images, Trafigura Trading Floor Geneva, Flickr, taken May 16, 2014, https://www.flickr.com/photos/trafigura_images/15045924404, licensed under CC BY-ND 2.0 (Creative Commons Attribution-NoDerivs 2.0 Generic)

Trafigura Staff Flagged Gupta’s Nickel Deals Years Before Alleged Fraud

Trafigura Group’s own trade-finance staff raised red flags about its nickel deals with businessman Prateek Gupta more than two years before the trading house revealed it was facing millions of dollars in losses.

Exterior shot of Standard Chartered headquarters in London. — Adapted from: Shkuru Afshar, Standard Chartered headquarters in London – Front view, via Wikimedia Commons, 9 May 2023, CC BY-SA 4.0. Changes were made.

Singapore Court Okays $2.7-Billion Lawsuit Against Standard Chartered for 1MDB Role

A Singapore court has allowed a $2.7-billion lawsuit against Standard Chartered Bank to proceed over its alleged role in the looting of Malaysia’s 1MDB sovereign fund, according to Reuters.

TD Bank branch. — Image: “TD Bank, Chinatown, DC” by Matthew Bisanz, via Wikimedia Commons (original: https://commons.wikimedia.org/wiki/File:TD_Bank,_Chinatown,_DC_by_Matthew_Bisanz.JPG), licensed under a Creative Commons license as specified on the original file page. Image has been edited from the original.

Chinese American Ex-Employees Sue TD Bank Over Money Laundering Fallout

A group of former Chinese American employees has filed a class-action lawsuit against Toronto-Dominion Bank in the United States, alleging they were unjustly fired after being linked to a major money laundering scandal involving Chinese money brokers and Mexican drug cartels, the Financial Post reported.