Financial Crime

UBS has been fined €5 million by Dutch prosecutors after its subsidiary Credit Suisse helped customers transfer assets to Swiss bank accounts to keep them out of the view of the Dutch tax authorities between 2... (more story)

Recruitment for the new head of the UK’s Serious Fraud Office will formally start next week when the post will be advertised by the government, MLex has learned. It is understood that the Attorney General’s Of... (more story)

A former trader at commodities giant Vitol was sentenced Friday to 48 months in prison for paying bribes to Ecuadorian and Mexican officials in exchange for hundreds of millions of dollars in contracts. Vitol ... (more story)

UK law firms shouldn’t expect to be “caught out” by the country’s financial regulator when it takes over anti-money laundering supervision in two years, its enforcement head said Thursday. But the regulator wi... (more story)

The US Securities and Exchange Commission proposed to abolish a 1942 rule that addresses when companies must include shareholder proposals in their proxy materials, intending to leave those determinations to s... (more story)

Meta is liable for fake advertisements and profiles on Facebook and Instagram and cannot invoke the Digital Services Act’s hosting liability exemption because its algorithms gave it control over the distributi... (more story)

Claims by the founder of Buy2Let Cars that the car leasing company’s success came from its transparency with consumers was false as it was facing serious financial difficulties, the prosecuting lawyer has told... (more story)

A former T-Mobile executive told a US jury Tuesday about three incidents in 2013 involving Huawei Technologies employees violating agreements surrounding access to the company’s testing labs, and the theft of ... (more story)