The Washington Post reported on Israel’s largest bank being fined almost $1 billion after admitting it helped U.S. customers in setting up secret accounts, sheltering assets and income, and evading taxes in illegal offshore accounts and, in a separate case, that it laundered money as part of a bribery scandal involving FIFA soccer officials.

The UK government’s Serious Fraud Office, which investigates and prosecutes serious or complex fraud, bribery and corruption, has stopped processing all evidence in the form of paper documents or seized devices due to the Coronavirus pandemic, reports the Financial Times. Handling physical evidence, including personal computers or USB memory sticks, is being regarded as a virus transmission risk, and with the majority of SFO staff now working from home, the anti-corruption agency is only able to accept electronic evidence in a specific data format.

75 years ago, British Prime Minister Winston Churchill announced on the radio that the war in Europe had come to an end. Today we celebrate that momentous occasion as ‘Victory in Europe Day’, or just 'VE Day'.

The late former Nigerian military dictator Sani Abacha is said to have funnelled an eye-watering £4 billion into secret overseas bank accounts during his 5-year reign. The London Times reports in an article that £250 million of the looted cash has now been returned by banks in Jersey and America - the largest such sum to be repatriated by the US. The £250 million was laundered through the US banking system and then held in accounts in Jersey, but also involved financial institutions in France, Germany, Switzerland, Lichtenstein and Luxembourg.

The Financial Times reports that criminals have been diverting hundreds of thousands of euros from Germany’s coronavirus aid programme into their own accounts. Authorities are currently investigating over 100 "phishing” sites, some of which have been traced back to servers in Slovakia and the US. An interior minister is quoted as saying, “We’re talking about absolute professionals with excellent IT expertise”, and the article points out that in many cases the aid programmes had no way of properly verifying applicants’ identities.

The High Court has ruled that the UK’s National Crime Agency (NCA) was wrong to claim that three London properties worth £80m owned by the daughter and grandson of Kazakhstan’s former president were purchased with proceeds of crime, reports the Financial Times. In the court’s judgement, the NCA had not proved that funds were used to set up the network of offshore shell companies used to purchase the properties.