Financial Crime

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Gazprom

ING prevented from dumping ‘complex’ Gazprom as banking client

Portrait on the 1 US dollar banknote and 1 ruble from Russia

US hits the brakes on Russia sanctions law, waiving tariffs, enforcement

Libor

Former Barclays, Deutsche traders see UK bans overturned after LIBOR appeals

Insight View More

Coinbase Ireland fined €3.2m over safeguarding issues October 22, 2026 | Martin Coyle

Cryptocurrency exchange Coinbase’s Irish unit has been fined €3.2 million by the country’s central bank, over breaches of Ireland’s e-money regulations around safeguarding. This fine follows a €21.4 million pe... (more story)

Güralp Systems wins more time to find UK plea-deal cash amid prospect of sale October 22, 2026 | Martin Coyle

Güralp Systems has been given more time to negotiate with the UK fraud agency over its failure to pay £2 million agreed in a plea deal to avoid prosecution over allegations of bribery in South Korea. The UK se... (more story)

PdVSA defendants lose bids to reconsider US discovery, dismissal rulings October 20, 2026 | Samuel Rubenfeld

A US magistrate judge rejected motions for reconsideration from multiple prior judicial rulings against a former Venezuelan vice minister of energy and the ex-president of a subsidiary of the Venezuelan state-... (more story)

Former BizJet sales manager to plead guilty in decade-old US bribery case October 20, 2026 | Samuel Rubenfeld

Jald Jensen, a former sales manager for the Oklahoma-based aircraft services firm BizJet, is expected to plead guilty for his role in a foreign bribery and money laundering scheme more than a decade after the ... (more story)

ING prevented from dumping ‘complex’ Gazprom as banking client October 20, 2026 | Martin Coyle

ING has been prevented from immediately terminating its banking relationship with energy giant Gazprom, after a Dutch court ruled it must give the Russian company more time to find another EU lender. Gazprom h... (more story)

Former Google engineer Ding’s company sanctioned over US AI trade-secret theft October 19, 2026 | Samuel Rubenfeld

The US State Department sanctioned the business network of a former Google software engineer who is appealing his conviction for stealing the tech giant’s artificial intelligence technology trade secrets.

AI providers urged to warn on financial advice as UK watchdog keeps existing remit (update*) October 19, 2026 | Patricia Figueiredo

AI providers face no immediate move to widen the UK financial regulator’s remit, despite growing use of chatbots for financial advice. The Financial Conduct Authority is focusing on clarifying how existing rul... (more story)

BTC-e operator loses bid to exclude evidence, but can try again at US trial October 16, 2026 | Xu Yuan

A California federal judge denied motions by Aliaksandr Klimenka to exclude evidence for an upcoming trial involving the government’s allegations over his involvement with BTC-e cryptocurrency exchange but gav... (more story)

Comment View More

US banking regulators probe firms in ‘de-banking’ report, mull additional rules October 20, 2026 | Neil Roland

Following a government report last week on banks’ denial of services to politically conservative clients, US regulators are investigating rule compliance among the banks in the report and are considering rules... (more story)

US hits the brakes on Russia sanctions law, waiving tariffs, enforcement October 19, 2026 | Bradley Dress, Samuel Rubenfeld

President Donald Trump continued easing policy toward Russia, signing a waiver that dials back sanctions and tariff pressure contained in a law he signed in September.  Trump issued an executive order late Fri... (more story)

BofA’s transaction monitoring system failed to capture risks, US alleges October 16, 2026 | Samuel Rubenfeld

When Bank of America designed and implemented a transaction monitoring system in 2010, the bank had described the program as the first of its kind in the industry, according to documents released Tuesday by th... (more story)

Powers for UK fraud agency to reward whistleblowers must be crafted carefully October 13, 2026 | Martin Coyle

Government backing for calls by the UK's Serious Fraud Office to boost its enforcement capabilities by paying whistleblowers is a timely fillip for an enforcer looking to improve its reputation. But there is a... (more story)

New US DOJ Fraud Division gets marching orders for corporate investigations October 08, 2026 | Samuel Rubenfeld

When investigating a company, prosecutors in the new Fraud Division should follow broader US Justice Department policies concerning corporate enforcement, according to a new policy memo. The memo is “the DOJ’s... (more story)

HSBC, StanChart kept Huawei as client after it denied Iran reports, US jury told October 06, 2026 | Samuel Rubenfeld

Two of Huawei Technologies' largest international banks kept the company on as a client after it denied media reports linking the Chinese telecommunications equipment giant to sales of surveillance equipment i... (more story)

A7 Network uses ‘constellation’ of sub-agents to access financial system, US says October 02, 2026 | Samuel Rubenfeld

A Kremlin-backed financial technology company uses hundreds of “sub-agents” that let the firm access the global financial system without a Russian or other sanctioned customer appearing in the payment chain, a... (more story)

Among Manchester City's many legal troubles, could criminal probes loom large? October 01, 2026 | Martin Coyle

Football club Manchester City faces a fight ahead to avoid punishment from its league operator and legal action from other clubs over findings of “sham payments” that bumped up its finances by almost £1 billio... (more story)

Official Statement View More

US Treasury proposes updates to Outbound Investment Security Program October 22, 2026
EU anti-money laundering, fraud bodies deepen ties to tackle financial crime October 22, 2026
Greek-Panamanian law firm sanctioned by US for Iran-related services October 22, 2026
US moves to dismiss charges against Colombian conglomerate in bribery case October 21, 2026
Former Nodus Bank board member sentenced in US to prison in fraud case October 21, 2026
Vector Wealth chief Dawkins fined in UK, banned from financial services October 21, 2026
US magistrate denies reconsideration of judges' rulings in PdVSA corruption case October 20, 2026
Small business group to drop lawsuit against Corporate Transparency Act October 20, 2026
US SEC discussing resolution of bribery lawsuit with ex-Azure Power director October 20, 2026
Manchester City probe findings being 'examined' by UK audit regulator October 20, 2026
Legal groups argue against excessive fines in Bankman-Fried's US high court petition October 16, 2026
Novax director makes initial US appearance in PDVSA illicit export scheme October 16, 2026
South Korea's serious-crime agency begins work under inaugural chief Kim Ji-yong October 16, 2026