Op risk data: EFG takes a bath for two decades of money laundering
Also: Deepfake voice clone cons Intesa division; key couple of cryptocurrency hacks. Data by ORX News
Update, October 21, 2026: The loss data for EFG International contained in this article is currently under review by ORX News, and any correction needed will be made as soon as we receive the amended information.
EFG International has settled a lawsuit for $426 million with the Public Institution for Social Security of Kuwait, constituting this month’s largest operational loss. PIFSS claimed the
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