Financial Crime

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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

US Rep. Brian Fitzpatrick

Trump’s diesel deal with Russia violates US law, lawmakers say

Insight View More

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)

Former Barclays, Deutsche traders see UK bans overturned after LIBOR appeals October 16, 2026 | Martin Coyle

Three former traders from Barclays and one from Deutsche have had their bans from working in the UK’s financial industry overturned following the quashing of their criminal convictions last week. The four had ... (more story)

Former Balt exec needs 'John Doe' testimony in US bribery case, filing says October 15, 2026 | Samuel Rubenfeld

A former executive of Balt's US subsidiary needs evidence and testimony from an ex-colleague because of their "central role" in the events at issue in his corruption case, according to a court filing. The issu... (more story)

SEB fined $33 million by NY regulator for anti-money laundering compliance failures October 15, 2026 | Samuel Rubenfeld

Swedish lender Skandinaviska Enskilda Banken (SEB) agreed on Thursday to pay $33 million to resolve a New York regulatory probe of deficiencies in the bank’s anti-money laundering compliance program. The bank ... (more story)

Lloyd's of London insurers still on hook for Petrofac exec's costs October 15, 2026 | Martin Coyle

Four insurers have lost an appeal of a High Court ruling that said they must continue to pay the multi-million pounds criminal defense costs of two former Petrofac executives accused of bribery. It emerged in ... (more story)

Colombian businessman makes initial US appearance over Venezuela bribery schemes October 14, 2026 | Samuel Rubenfeld

Alvaro Pulido Vargas, a Colombian businessman, made his initial appearance in Miami federal court on charges in two separate indictments involving the alleged laundering of more than $2 billion associated with... (more story)

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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)

US exit from GRECO anti-corruption group prompts fears of further disruption October 01, 2026 | Martin Coyle and Samuel Rubenfeld

A US move to leave the key European corruption monitoring group GRECO has alarmed officials over the possible impact on the organization itself, including through a big hit to its coffers. But the wider implic... (more story)

Official Statement View More

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
Russian man extradited to US on charges over illicit microelectronic shipments October 15, 2026
777 Partners founder pleads guilty in US to $500 million fraud scheme October 15, 2026
Iraqi bank sanctioned by US for providing Iran access to financial system October 15, 2026
Banks should report Iran's abuse of religious charity networks, US Treasury says October 15, 2026
NY DFS announces $33 million settlement with Swedish bank SEB October 15, 2026
US trial of former CEO of Subway restaurant supply cooperative set for November October 15, 2026
Former US coal sales executive's sentencing delayed to March October 15, 2026
TD Bank reaches settlement in US wrongful termination suit filed by ex-employees October 15, 2026
US moves to dismiss lawsuit alleging 'malicious' fraud prosecution October 14, 2026
Former Balt executive opposes ex-colleague's move to quash his subpoenas October 14, 2026