U.S. Microchip Makers Sued Over Alleged Role in Russian Attacks on Ukrainians
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.
OCC Says Nine Banks Improperly Imposed Risk Controls on ‘Controversial’ Clients
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.
U.S. Targets Alleged Financial Network Tied to Colombian Mercenaries in Sudan
The United States has imposed sanctions on four individuals and four companies it says helped recruit, pay and deploy Colombian mercenaries to fight for Sudan’s Rapid Support Forces (RSF).
Standard Chartered Settles £1.5bn Lawsuit Over Sanctions Liability
Standard Chartered has settled a £1.5-billion investor lawsuit in London that alleged the bank downplayed the scale of its Iran sanctions breaches and misled shareholders about its compliance controls, the Financial Times said.
Wildlife Trafficking’s Ties to Guns, Drugs and Human Smuggling
Wildlife traffickers are funneling dirty money through the same financial pipelines used for such illicit activity as human trafficking, child sexual exploitation, and the illegal sale of weapons around the world, according to new University of Waterloo research cited by CBC News.
Ex-NAB Staffer Charged as Alleged ‘Gatekeeper’ for $200mn Fraud Syndicate
Australian authorities charged a former National Australia Bank employee they allege acted as the “gatekeeper of funds” for a Sydney crime syndicate accused of defrauding “all financial institutions,” according to a Reuters report.
Ex-EU Commissioner Charged with Money Laundering
Belgian authorities have officially charged former European commissioner Didier Reynders with money laundering, a person familiar with the case confirmed to Follow the Money. He is not being held in custody.
Portugal Probes More Than 20 People in Second Novo Banco Raid of 2025
Portuguese authorities are examining more than 20 individuals linked to a Novo Banco SA real-estate transaction after a fresh round of raids on the bank, according to multiple news reports.
Ex-Director of U.S. Defense Contractor Pleads Guilty to Selling Trade Secrets
A former director at Trenchant, an L3Harris Technologies subsidiary that develops offensive cyber tools, pleaded guilty Wednesday to stealing and reselling trade secrets worth $35 million to a Russian broker whose clients include the Russian government, Bloomberg reported.
U.S. Lifts Sanctions on Bosnia’s Milorad Dodik after Lobbying by Trump Allies
The Trump administration has lifted U.S. sanctions on Milorad Dodik, the powerful Serbian nationalist who led Republika Srpska in Bosnia and Herzegovina until earlier this month, following an intensive lobbying effort by figures close to former President Donald Trump.