Risk Management

Major Australian banks are working with the country’s financial-crimes watchdog to assess the scale of an alleged mortgage fraud scheme that may extend well beyond an earlier A$1 billion estimate.

Hungary’s long-serving Prime Minister Viktor Orbán is facing mounting political pressure ahead of an April 12 election as a sprawling estate in his home village becomes a flashpoint for opposition claims of corruption.

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.

North Korean IT operatives are increasingly using artificial intelligence tools to pose as remote workers, win jobs, and draw salaries from European companies, the Financial Times reported, citing cyber security experts who said the threat is spreading beyond the United States.

Illicit Iranian oil shipments continue to move through Asian waters toward China, generating a critical revenue stream for Tehran and helping Beijing build large crude stockpiles despite sanctions and heightened regional conflict.

Tether is accelerating its push into the United States, betting that political support in Washington, deep Treasury holdings, and a growing investment portfolio will cement its place in mainstream finance.

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.

The U.S. Treasury Department has issued a second temporary authorization allowing buyers to take delivery of Russian oil cargoes already at sea, broadening a waiver granted last week to India alone as Washington seeks to ease pressure on crude prices during the ongoing conflict in Iran.

Hungary returned two seized armored bank vehicles to Ukraine on Thursday but continued to hold cash and gold worth about $82 million as part of an alleged money-laundering investigation.

HSBC and a joint venture led by Standard Chartered are expected to be among the first companies to receive Hong Kong stablecoin licenses within two weeks, marking a milestone in the city’s effort to regulate the sector and strengthen its position as a global digital asset hub.