Risk Management

The Netherlands faces a growing threat from organized crime that is silently corroding state institutions, public services, and democratic governance, according to a new threat assessment published Tuesday by the Strategic Knowledge Centre on Undermining Criminality (SKC).

Singapore’s financial regulator has directed private banks to reduce account opening wait times to within one month by year-end, as the city-state moves to reassert itself as a global wealth management hub after a series of money-laundering scandals.

Countries where bribes were paid have become the primary drivers of major cross-border bribery enforcement, according to a new OECD report that documents nearly two decades of coordinated multinational prosecutions.

Local governments in southern Italy that colluded with organized crime deliberately avoided large EU-funded projects to stay below anti-mafia certification thresholds, according to new academic research.

Estonia, Latvia, and Lithuania have jointly concluded that deliberate de-risking campaigns by traditional Baltic banks have driven large-scale client migration toward Lithuanian fintech firms, concentrating money laundering risk in a single digital institution.

President Donald Trump signed an executive order Tuesday directing federal financial regulators to treat undocumented immigrants as potential credit and compliance risks.

A former Austrian intelligence official was convicted Wednesday of spying for Russia in the largest espionage trial in Austria’s postwar history, delivering a verdict that officials hope will help repair the country’s standing as a hub of hostile foreign intelligence activity.

Russian intelligence-linked hackers who penetrated the U.S. Treasury Department in the 2020 SolarWinds cyberattack gained the ability to access email accounts across the entire agency, including staff working on sanctions and financial-crime investigations.

Bitcoin Depot, formerly the largest operator of cryptocurrency ATMs in the United States, filed for voluntary Chapter 11 bankruptcy Sunday and took its roughly 9,700 kiosks offline.

Standard Chartered plans to eliminate almost 8,000 jobs by 2030 as the Asia-focused bank shifts to an artificial intelligence-centered strategy, with its chief executive saying the cuts amount to replacing workers with technology rather than simple cost reduction.