Risk Management

UK and U.S. officials are warning of rising cyber risks driven by Russia- and Iran-linked hacker groups, according to new reports by the Financial Times and Bloomberg. 

Three Polymarket accounts made about $611,000 betting on a U.S.-Iran ceasefire before President Donald Trump’s conditional ceasefire announcement, according to a Decrypt report citing blockchain analytics firm Bubblemaps, in trades that renewed scrutiny of possible insider activity on prediction markets.

The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) on Tuesday proposed a broad rewrite of anti-money-laundering and counterterrorism-financing rules that would shift the focus of compliance from technical box-checking to whether a financial institution’s controls are actually effective. 

China has helped Iran blunt the impact of U.S. sanctions over the past five years by buying the bulk of its oil exports and supporting a complex financial and shipping network that has allowed Tehran to keep earning billions of dollars in revenue.

UBS Group AG failed to convince a U.S. judge to clarify a 1999 settlement over Holocaust-era claims against Swiss banks, a setback for the lender as it seeks to head off potential new financial claims tied to Nazi victims’ assets.

Brazil has added Chinese automaker BYD to a government registry of employers linked to slavery-like labor conditions after an investigation into the treatment of Chinese workers hired to help build the company’s factory in Bahia state.

Britain’s new Fair Work Agency will target abuse of labor market rules in construction and social care, two sectors heavily dependent on migrant workers, as the government expands enforcement powers to pursue fraud and workplace exploitation.

Trump’s crackdown on “debanking” is colliding with a core compliance problem for U.S. banks: the very policies his administration wants to curb have long given lenders a way to cut off customers they suspect of wrongdoing without violating federal secrecy rules.

A Russian cryptocurrency payments network founded by sanctioned actors is expanding into Africa as Moscow seeks new channels to move money around western restrictions imposed after the invasion of Ukraine.

A politically connected blockchain project that partnered with the Trump family’s crypto firm promoted a proposed resort in Timor-Leste involving three people later sanctioned by the United States for ties to the Prince Group, an alleged Southeast Asian scam syndicate.