New indictment adds count of money laundering to case against Terraform Labs co-founder
Governments, banks and tech companies disagree on who should cover losses from payment fraud
Costs breakdown provided after prosecutor lost bid to block FT freedom of information request
Lawsuit alleges auditor played ‘pivotal role in a years’ long scheme’ at Brooge Energy
US regulator CFPB accuses big banks of failing to protect customers using Zelle
Alleged offences include fraud, forgery and improper use of £60mn in client money
FCA alleges John Dance used client funds to buy racehorses and a Newcastle nightclub
Bank accused of ‘widespread and systemic’ shortcomings in protecting customers
Judge makes order despite recognising it is highly unlikely defendants will be able to pay such large amounts
Sanjay Shah receives 12-year sentence for masterminding scheme that led to billions in refunds of non-existent tax payments
Passing reference in US criminal indictments prompted HSBC to probe transactions
As payment fraud proliferates, governments, banks and tech companies disagree on who should cover consumer losses
Also in this newsletter: German-Russian tension on the high seas
Nine people under house arrest or being sought for suspected malfeasance linked to property sector
Court rejects Truong My Lan’s appeal against death sentence over embezzlement
Financial Conduct Authority fined lender £50mn over 2008 emergency fundraising
Former Wall Street trader was convicted of fraud and manipulation in scheme that resulted in big losses for banks
Crypto exchange’s former chief technology officer credited by judge for swiftly helping prosecutors
Luxury cars and boats among items seized over widespread VAT fraud scheme, says European prosecutor
Money will be used to reform how the UK agency manages its cases and handles evidence
Pharmaceutical group confirms four other current and ex-executives investigated, in addition to Leon Wang
Coder was one of several members of Sam Bankman-Fried’s inner circle to testify against their former boss at trial
£570mn stolen in the first half of the year, says UK Finance
The UK must equip law enforcement to tackle increasingly sophisticated criminals and give victims confidence to report
Ministers urged to consider levy on tech groups to compensate victims of online scams
