A major banking group urged the US Securities and Exchange Commission to eliminate its 2023 cybersecurity disclosure rules in light of frontier artificial intelligence models that expose companies to unprecede... (more story)

Western Asset Management, a unit of Franklin Resources, agreed to pay $100 million to resolve a US Securities and Exchange Commission probe into the firm’s failure to detect and prevent an alleged $600 million... (more story)

A former Honduran official was sentenced in the US on Friday to five years of probation over his role in a bribery scheme involving contracts to supply uniforms to the Honduran National Police, according to co... (more story)

A suspect in an ongoing bribery and money-laundering investigation has failed in a bid to challenge the UK fraud agency’s use of evidence provided by the national tax authority. The individual had tried to qua... (more story)

HSBC’s private banking unit in Switzerland faces preliminary charges brought by French prosecutors over its links to the sanctioned former head of Lebanon’s central bank. The claims relate to the alleged embez... (more story)

Danish lender Nordea faces a record $1 billion fine for money laundering failures, after prosecutors lodged a fine against the country’s second biggest lender. The penalty, if agreed, will overshadow a previou... (more story)

Companies that co-operate with the UK's fraud office would be given every opportunity to negotiate a reduced penalty but those that didn't would face prosecution, the new interim head of the agency has said. D... (more story)

Lex Greensill, the founder of the collapsed Greensill Capital, has been banned from acting as a UK company director for nine years, following action taken by the country’s Insolvency Service. An agreement betw... (more story)