UBS Strengthens AML Checks on Wealthy Clients in Asia
UBS Group AG is intensifying scrutiny of how clients in its Asian wealth hubs make and move their money, pressing some to provide more detailed disclosures as the Swiss lender looks to avoid fresh regulatory clashes.
U.S. Charges 777 Partners Co-Founder Over Alleged $500-Million Fraud
Federal prosecutors on Thursday unsealed an indictment charging Josh Wander, co-founder of collapsed investment firm 777 Partners, with wire fraud, securities fraud and conspiracy, alleging he fabricated financial records and misled lenders and investors in a scheme worth up to $500 million. The 17-page filing in Manhattan federal court says Wander used bogus documents and […]
Judge Quashes Effort to Stop Peru’s Ex-President From Leaving Country During Criminal Probe
A Peruvian judge declined a request to restrict former President Dina Boluarte from leaving the country while prosecutors investigate her for corruption and money laundering, Reuters reported.
Sanctioned Shadow Fleet Ships Linked to Assad Corruption and Looted Ukrainian Grain
Three cargo vessels recently sanctioned by the EU for operating in Russia’s “shadow fleet” were quietly sold out of Syria’s state fleet in 2023 for $1 each to an offshore company in the Seychelles, according to new reporting by OCCRP and its Syrian partner SIRAJ.
Bank of America, BNY Mellon Sued for Alleged Compliance Failures Linked to Epstein
New class-action lawsuits allege that Bank of America and BNY Mellon enabled Jeffrey Epstein’s trafficking of underage girls, in part by failing to report suspicious activity linked to the financier until after his death in 2019, The Wall Street Journal reported.
UK Hits Rosneft, Lukoil and 51 Oil Tankers with Sanctions
Britain imposed new sanctions Wednesday on Russia’s two largest oil producers, Rosneft and Lukoil, and 51 ships, including 44 “shadow fleet” tankers and seven LNG vessels, Reuters reported.
U.S. Cybersecurity Agency Warns of “Catastrophic” Fallout from F5 Hack
Nation-state hackers gained “long-term, persistent access” to systems at cybersecurity vendor F5 Inc., stealing portions of BIG-IP source code, internal vulnerability information, and limited customer configuration data, Bloomberg reported, citing regulatory filings.
U.S. and UK Blacklist Pig-Butchering Scammers, Seize $15 Billion in Bitcoin
U.S. and UK authorities seized roughly $15 billion in Bitcoin and multiple London properties allegedly linked to a sprawling online fraud scheme based in Cambodia.
Microsoft Warns “Payroll Pirate” Scam is Rerouting Paychecks via HR Portals
Microsoft is warning organizations about an active campaign dubbed “Payroll Pirate” that hijacks employee accounts on cloud HR platforms and diverts direct-deposit paychecks, Ars Technica reported.
Malaysian Authorities Target $115 Million in UBS, JPMorgan for 1MBD Ties
Malaysia’s anti-graft agency will freeze approximately USD $115.32 million held in Swiss bank accounts linked to Prince Turki Abdullah Abdul Al-Saud, a co-founder of PetroSaudi International and a figure tied to the long-running 1MDB scandal.