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Midweek Roundup: UK Insurance Broker Charged with Bribery, Raiffeisen Halts Sale of Russia Unit, and More

The U.K. Serious Fraud Office charged the London-based insurance broker Representatives of United Insurance Brokers Limited with failing to prevent its employees from paying bribes to Ecuadorean officials from 2013 and 2016, the Financial Times reported. More and More Raiffeisen Bank International, one of the last Western lenders still doing business in Russia, halted attempts to sell off its Moscow affiliate amid a thaw in relations between the White House and the Kremlin, the Financial Times reported. More Binance, the world's largest cryptocurrency exchange, which in 2023 pleaded guilty to a raft of compliance-related charges in the U.S., is now...

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