Risk Management

Banks and investors are failing to adequately screen for illegal mining risks even when operating in sectors highly exposed to the trade, according to a report by the World Wide Fund for Nature and financial-crime risk platform Themis.

The UK on Monday unveiled a new three-year anti-fraud strategy, pledging more than £250 million between 2026 and 2029 to fight the crime, including through steps to disrupt online scams with a new data-sharing platform. 

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.

China said Monday it plans to enact a new law this year aimed at combating cross-border corruption, marking another stage in Beijing’s long-running anti-graft campaign.

An investigative news outlet on Thursday launched a searchable online database containing nearly 3,200 financial disclosure records for more than 1,500 Trump-appointed federal officials, detailing extensive financial ties between senior members of the administration and the industries they regulate.

The United Arab Emirates is considering freezing billions of dollars in Iranian assets held in the Gulf state, a move that could sharply restrict Tehran’s access to foreign currency and global trade networks.

More than 70 metric tons of Venezuelan gold worth over $2.2 billion were routed through Curaçao and refined in Switzerland between 2012 and 2018, despite evidence the metal originated in conflict-affected mining areas in Venezuela.

Artificial intelligence is making sanctions and export-control evasion schemes harder to detect by enabling the creation of realistic fake companies and phony documentation used to obviate international trade restrictions.

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.

Dubai has cultivated an image as the safest haven for global capital in the Middle East, but Iranian strikes on the emirate are putting that image to a test.