Risk Types

U.S. President Donald Trump on Tuesday vowed to designate Venezuela’s government a “Foreign Terrorist Organization” (FTO) and ordered a “total and complete” blockade of sanctioned oil tankers moving into and out of the country.

The UK government will examine the role of cryptocurrency donations in politics as part of a wider review of party-financing rules triggered by a bribery case involving a Reform UK politician, Bloomberg reported.

Russian billionaire Mikhail Fridman and other oligarchs are exploiting European investment treaties to sue Ukraine for hundreds of millions, and in some cases billions, of dollars, according to a new investigation by Follow the Money.

The social-media giant Meta has tolerated widespread advertising fraud tied to Chinese customers in order to protect billions of dollars in revenue, even after internal teams repeatedly flagged the activity as problematic, Reuters reported. 

Nationwide Building Society has been hit with a £44-million fine by the UK’s financial regulator over longstanding weaknesses in its systems to detect and prevent financial crime, including failures that allowed tens of millions of pounds in fraudulent Covid furlough payments to pass through a customer’s account.

A top Democratic senator has warned that Chinese intelligence is still inside U.S. telecommunications networks as part of a sweeping cyber campaign known as “Salt Typhoon,” saying the operation gives Beijing access to the unencrypted communications of almost anyone in America, the Financial Times reported.

Former Bolivian President Luis Arce was arrested on Wednesday as part of a sweeping corruption investigation, just a month after conservative President Rodrigo Paz took office and ended two decades of left-wing rule, according to the Associated Press.  

Major U.S. chipmakers Intel, Advanced Micro Devices and Texas Instruments, along with a Warren Buffett–owned electronics distributor, are facing a series of lawsuits accusing them of failing to prevent their semiconductors from ending up in Russian missiles and drones used to attack civilians in Ukraine.

Nine of the largest U.S. lenders made “inappropriate distinctions” among customers in politically sensitive sectors, including by applying enhanced risk controls in response to negative media reports, the Office of the Comptroller of the Currency (OCC) said. 

Federal police raided the headquarters of the Argentine Football Association (AFA) and more than 30 soccer clubs as part of an investigation into alleged money laundering involving a key sponsor of the game, CNN said.