Risk Management

Senior UK banking figures are set to hold their first meeting this week to establish a British alternative to Visa and Mastercard, amid growing concerns that U.S. President Donald Trump could one day use his position to close off access to the payment rails.

Goldman Sachs is preparing to remove race, gender identity, sexual orientation and other diversity factors from the criteria its governance committee uses to identify potential candidates for its board.

A shipment of about 1,000 tons of uranium moved out of northern Niger in recent months and is now stranded at a military airbase in the capital, Niamey, where it faces heightened security risks after an attack by Islamic State militants.

Recruiters and propagandists who previously worked for Russia’s Wagner Group have become a key channel for Kremlin-directed sabotage operations in Europe, the Financial Times reported.

The U.S. Office of Foreign Assets Control (OFAC) on Friday issued a general license clearing the way for certain large oil companies to invest in new operations in Venezuela. 

The Federal Reserve has told banks it plans to review and potentially drop some outstanding confidential supervisory warnings, as Vice Chair Michelle Bowman pushes to refocus oversight on near-term threats to lenders’ financial condition.

A newly formed group of businesses and organizations in Australia are set to team up to fight financial abuse as part of a new program that encourages collaboration to address major social and economic ills.

Trade misinvoicing may have siphoned roughly $3.64 trillion in illicit value out of the Western hemisphere over the decade from 2013 to 2022, with annual “trade value gaps” climbing to a new high of about $473.2 billion in 2022, according to a new report by Global Financial Integrity (GFI). 

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.

The fight against corruption is seen as weakening across the globe in 2025, with “bold, accountable leadership” in decline, according to Transparency’s International’s newly released Corruption Perceptions Index (CPI).