Risk Types

A Manhattan federal jury found BNP Paribas liable for enabling genocide in Sudan under the Omar al-Bashir regime, raising speculation it could face a multibillion-dollar settlement, Bloomberg reported.

French investigators are treating Sunday’s smash-and-grab at the Louvre as a potential money-laundering operation, after four masked thieves stormed the museum’s Galerie d’Apollon and escaped with eight pieces of royal jewelry. 

European lenders are re-engaging with defense companies but smaller firms in the sector’s supply chain are running into hurdles clearing bank compliance requirements, according to new reporting by The Banker. 

A federal jury in Manhattan began deliberations Thursday on claims that BNP Paribas helped enable atrocities in Sudan under former ruler Omar al-Bashir in a civil case brought by Sudanese survivors, Le Monde and AFP reported. 

France’s banking supervisor is intensifying on-site anti–money laundering (AML) checks at cryptocurrency firms as it decides which of the country’s more than 100 registered platforms will qualify for EU–wide authorization in the coming months, Bloomberg reported.

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.

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 […]

U.S. regulators have granted preliminary and conditional approval for Erebor, a new national bank founded this year by technologists Palmer Luckey and Joe Lonsdale in a move pitched as filling the void left by Silicon Valley Bank’s 2023 collapse, the Financial Times reported. 

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. 

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.