Financial crime news 2019

Here are some notable financial crime news stories from 2019:

  1. Equifax Data Breach Settlement: In January 2019, Equifax agreed to pay $700 million to settle a lawsuit related to a massive data breach in 2017 that exposed the personal information of over 147 million people.
  2. Carillion Collapse: In January 2019, the UK's Serious Fraud Office (SFO) launched an investigation into the collapse of construction company Carillion, which was accused of fraud and corruption.
  3. HSBC Money Laundering Scandal: In February 2019, HSBC agreed to pay $1.2 billion to settle a lawsuit related to allegations that it had failed to prevent money laundering and other financial crimes.
  4. Volkswagen Emissions Scandal: In March 2019, Volkswagen agreed to pay $4.3 billion to settle a lawsuit related to its emissions scandal, which involved cheating on emissions tests and harming the environment.
  5. Goldman Sachs 1MDB Scandal: In April 2019, Goldman Sachs agreed to pay $3.9 billion to settle a lawsuit related to its role in the 1MDB scandal, which involved the theft of billions of dollars from a Malaysian state fund.
  6. Facebook Data Breach: In April 2019, Facebook announced that it had discovered a data breach that affected 50 million users, making it one of the largest data breaches in history.
  7. Swiss Bank UBS Fined for Tax Evasion: In May 2019, Swiss bank UBS was fined $500 million by the US Department of Justice for helping American clients evade taxes.
  8. Panama Papers Investigation: In June 2019, the International Consortium of Investigative Journalists (ICIJ) released a new batch of documents related to the Panama Papers scandal, which exposed widespread tax evasion and money laundering.
  9. Wirecard Scandal: In July 2019, German payment processor Wirecard announced that it had discovered a $2.1 billion hole in its accounts, leading to a collapse in its stock price and an investigation by regulators.
  10. Libor Rigging Scandal: In August 2019, five major banks agreed to pay a total of $1.2 billion to settle a lawsuit related to the Libor rigging scandal, which involved manipulating interest rates to benefit their own trading positions.
  11. Cryptocurrency Scams: In September 2019, the US Securities and Exchange Commission (SEC) charged several individuals and companies with running fraudulent cryptocurrency schemes, including a scheme that raised over $300 million from investors.
  12. Danske Bank Money Laundering Scandal: In October 2019, Danske Bank agreed to pay $650 million to settle a lawsuit related to allegations that it had failed to prevent money laundering and other financial crimes.
  13. WeWork Financial Scandal: In November 2019, WeWork's parent company, We Co., announced that it had discovered a $3.5 billion hole in its accounts, leading to a collapse in its stock price and an investigation by regulators.
  14. Goldman Sachs 1MDB Scandal Update: In December 2019, Goldman Sachs agreed to pay an additional $2.3 billion to settle a lawsuit related to its role in the 1MDB scandal, bringing the total settlement to $6.2 billion.

These are just a few examples of the many financial crime news stories that made headlines in 2019.