Risk Management

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.

Once celebrated as a philanthropist and real estate magnate, Cambodian tycoon Chen Zhi built a web of political influence and banking relationships that helped shield what authorities now describe as a vast transnational scam and gambling syndicate.

Medical technology company Stryker was hit by a cyberattack that caused a global outage across its systems, with staff and contractors reporting that the logo of the Iran-linked hacking group Handala appeared on login pages.

European defense company Czechoslovak Group failed to tell investors before its January stock market debut that a Spanish ammunition subsidiary had been suspended by NATO’s procurement agency amid a widening corruption investigation.

Gaps in the international oversight of offshore virtual-asset firms have made it possible for criminals to commit large-scale fraud, money laundering, and terrorism financing beyond the reach of most supervisory bodies, according to FATF.

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.