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“Mikhail Fridman” by Anton Nosik, edited by Certain Risk, CC BY 3.0: https://creativecommons.org/licenses/by/3.0/ ; source: https://commons.wikimedia.org/wiki/File:Mikhail_Fridman_by_Anton_Nossik.JPG

Russian Oligarchs are Using European Treaties to Sue Ukraine for Vast Sums

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.

Image credit: “Army-2023 vehicle showcase 08” by Ministry of Defence of the Russian Federation (Mil.ru), via Wikimedia Commons, https://commons.wikimedia.org/wiki/File:Army-2023_vehicle_showcase_08.jpg, licensed under Creative Commons Attribution 4.0 International (CC BY 4.0).

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.

Image credit: Adapted from “HK Central 中環政府山 - 炮台里 Pattery Path Dec 2018 SSG 05” by WOINGA Famoied ORBELELM, via Wikimedia Commons, https://commons.wikimedia.org/wiki/File:HK_Central_%E4%B8%AD%E7%92%B0%E6%94%BF%E5%BA%9C%E5%B1%B1_-_%E7%82%AE%E5%8F%B0%E9%87%8C_Pattery_Path_Dec_2018_SSG_05.jpg, licensed under CC BY-SA 4.0. Changes were made.

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. 

Stephen McCarthy / Web Summit via Sportsfile, 2022 – Backstage SZ9 5823 (52471162093), 1 November 2022, via Wikimedia Commons, https://commons.wikimedia.org/wiki/File:2022_-_Backstage_SZ9_5823_(52471162093).jpg, licensed under CC BY 2.0 (Creative Commons Attribution 2.0 Generic)

Binance Founder Changpeng Zhao Sued in Over Alleged ‘Assistance’ to Hamas

Families of Americans killed, injured or taken hostage in Hamas’s October, 7 2023 attack on Israel have accused Binance founder Changpeng “CZ” Zhao and his cryptocurrency exchange of helping militant groups move millions of dollars, according to the Financial Times.

Trafigura Images, Trafigura Trading Floor Geneva, Flickr, taken May 16, 2014, https://www.flickr.com/photos/trafigura_images/15045924404, licensed under CC BY-ND 2.0 (Creative Commons Attribution-NoDerivs 2.0 Generic)

Trafigura Staff Flagged Gupta’s Nickel Deals Years Before Alleged Fraud

Trafigura Group’s own trade-finance staff raised red flags about its nickel deals with businessman Prateek Gupta more than two years before the trading house revealed it was facing millions of dollars in losses.

Image: “TD Bank, Chinatown, DC” by Matthew Bisanz, via Wikimedia Commons (original: https://commons.wikimedia.org/wiki/File:TD_Bank,_Chinatown,_DC_by_Matthew_Bisanz.JPG), licensed under a Creative Commons license as specified on the original file page. Image has been edited from the original.

Chinese American Ex-Employees Sue TD Bank Over Money Laundering Fallout

A group of former Chinese American employees has filed a class-action lawsuit against Toronto-Dominion Bank in the United States, alleging they were unjustly fired after being linked to a major money laundering scandal involving Chinese money brokers and Mexican drug cartels, the Financial Post reported. 

HSBC Sets Aside $1.1 Billion for Madoff Litigation

HSBC Holdings Plc will take a $1.1 billion provision in its third-quarter results to cover potential liabilities tied to investor lawsuits linked to Bernard Madoff’s Ponzi scheme, Bloomberg reported.

“Westpac House, Adelaide” by DaDogeDude, edited (crop/contrast) by Certain Risk, licensed under CC BY-SA 4.0. Source: Wikimedia Commons. License: https://creativecommons.org/licenses/by-sa/4.0/

Westpac Hit with A$20-Million Fine over Home‑Loan Violations

Australia’s Federal Court has ordered Westpac’s mortgage brand RAMS Financial Group to pay A$20 million (about US$13 million) after finding widespread breaches in the way it arranged home loans, including approvals supported by falsified pay slips, Reuters said.