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Financial Crime
Editor's Picks
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US Fed nominee Miran says he may continue serving at Fed after term is up
President Trump’s US Federal Reserve nominee Stephen Miran said he might continue to serve at the Fed once his term is up on January 31, 2026 – and “re-evaluate” at... (more story)
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Digital security company Surys fined by Paris prosecutors over corruption
French digital security company Surys has been fined 18.3 million euros as part of a plea agreement struck with Paris prosecutors over suspected bribery and money l... (more story)
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US Fed phasing out special Biden-era oversight of crypto assets
The US Federal Reserve said it will phase out its special Biden-era supervision of banks’ crypto assets and other “novel” activities and return to overseeing these ... (more story)
Insight View More
Allegations that a Mexican businessman charged in the US with corruption has ties to a Mexican drug cartel are serious and supported by evidence obtained as part of a government investigation, prosecutors said... (more story)
Indian conglomerate, the Adani Group has been cleared by the country’s financial regulator of fraud, following allegations made by a US short seller. The report claimed that the company, which is involved in i... (more story)
The US Justice Department announced Thursday that it has declined to prosecute a Bank of America securities unit over alleged market manipulation schemes after the firm disclosed its conduct, cooperated and re... (more story)
Millions of pounds taken from Barclays over its financial crime failings by the UK’s financial markets regulator should be used to compensate investors in the stricken WealthTek fund, UK lawmakers have urged t... (more story)
Top UK law firm Carter Ruck was hired by the alleged OneCoin scammer known as the 'CryptoQueen' in the “furtherance” of fraud, a UK legal tribunal has ruled. The case, brought by the Solicitors Regulation Auth... (more story)
A former head of one of the UK's leading business groups has been banned from acting as a company director for 11 years over a Covid loan abuse totaling thousands of pounds, the UK's insolvency agency said on ... (more story)
UK high-risk investment promoter Wellesley & Co, or WCL, will face no action from the country’s financial regulator over allegations of fraud and its collapse this year. Its sister company, the unregulated Wel... (more story)
Banque Havilland adopted a “covert and manipulative” trading strategy to attack Qatar’s currency at the bidding of its top executives, the UK’s financial regulator has told a UK court. The Luxembourg-based pri... (more story)
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Allegations of a Mexican businessman’s purported ties to a drug cartel were racist and motivated by politics, and they render a US corruption investigation against him unconstitutional, according to a recent m... (more story)
UK-based Vanquis Bank may have escaped with just a rap over the knuckles for sanctions breaches, but the case demonstrates that poor compliance can lead to scrutiny. While OFSI declined to fine the bank, it sa... (more story)
A former senior FBI official serving two prison sentences also obstructed a bribery investigation of a Chinese energy firm while working for the agency, according to a new report by the US Justice Department’s... (more story)
Large companies have been warned of consequences if they lack procedures to prevent fraud, once new UK legislation comes into effect next week. But history suggests that enforcement could be some way off. As t... (more story)
Allegations of bribery involving Smartmatic, lodged by US federal prosecutors in a criminal case against the voting machine producer’s cofounder and two current and former executives, have bled their way into ... (more story)
UK retailer WHSmith’s announcement yesterday that it had overstated its expected North American profits by around $30 million led to a plunge in its share price and concerns about its accounting practices. Whi... (more story)
A UK accounting firm is the first to face prosecution for failure to prevent tax evasion, eight years after the offense was written into UK law. While the law may have changed some companies' behavior, the cas... (more story)
A US Federal Reserve Bank of Kansas City paper raised a red flag for the first time about the possibly harmful impact of the GENIUS Act on US credit markets, as other questions about the stablecoin regulatory ... (more story)