Politics

HSBC Bank finds itself in a precarious diplomatic situation after providing documents to US authorities in the case against Huawei's CFO Meng Wanzhou, leading to a tense confrontation with Chinese officials who demanded explanations from the bank's leadership.

Federal law enforcement arrested former Massachusetts State Police Union President Dana Pullman and lobbyist Anne Lynch for a complex bribery scheme. Pullman allegedly stole union resources and received kickbacks from Lynch's lobbying firm, manipulating procurement processes and unauthorized financial transactions.

North Korea has stolen $1.6 billion through 35 cyber attacks on financial institutions, using sophisticated malware to funnel funds into untraceable accounts. The stolen money is reportedly being used to support the country's nuclear and missile programs, bypassing international sanctions through illegal financial maneuvers.

Two international banks, Citigroup and BNP Paribas, have been revealed in court documents to have business dealings with Huawei's CFO Meng Wanzhou. Her arrest in Vancouver stemmed from allegations of bank fraud and violating US sanctions against Iran, amid ongoing trade tensions between the US and China.

Brussels is preparing to reintroduce a blacklist of non-EU countries associated with money laundering. EU Justice Commissioner Vera Jourova aims to create a more transparent methodology after the previous list was rejected by member states for lacking credibility and communication.

Hong Kong banks like HSBC and Standard Chartered have published full-page newspaper ads calling for peace and order, highlighting the severe economic strain caused by ongoing protests, with small businesses reporting significant profit drops and a potential recession looming.