In a landmark move, the European Union has taken a significant stride towards regulating the crypto sector byadopting a new regulatory framework for crypto-assets, issuers, and service providers.

A U.S. court has sentenced five people to prison and ordered them to pay hundreds of millions of dollars in restitution for their involvement in a massive biofuel tax fraud that deprived the government funds of US$1 billion, according to the U.S. Department of Justice.

The United Kingdom government says it has saved more than 400 million pounds (US$487 million) for the public purse by utilizing data-matching software as it cracks down on benefits and tax fraud.

The European Public Prosecutor’s Office (EPPO) saidTuesday that it has uncovered the largest ever value-added tax (VAT) fraud scheme in the EU, worth an estimated €2.2 billion (US$2.3 billion) in stolen tax revenue.

Credit Suisse agreed to pay France 238 million euro (US$234 million) to settle a criminal probe accusing the bank of facilitating tax fraud and money laundering. The deal brings an end to the latest blow to the Swiss bank’s legal woes.

Australia sanctioned 39 Russians over their alleged links to corruption uncovered by Ukrainian-born Russian lawyer Sergei Magnitsky as well as those who appear to have been involved in his mistreatment and death in a Moscow prison in 2009.

A North Carolina man pleaded guilty of promoting a nationwide tax fraud scheme and helping other conspirators file false tax returns, which took over US$64 million of fake tax refunds from the Internal Revenue Service (IRS), the Department of Justice reported on Tuesday.

A German tax attorney, and the mastermind behind the so-calledbiggest tax scandal of the century, was arrested by Swiss authorities last week on an extradition warrant. An expert told the OCCRP on Tuesday that like all others involved in the multi-billion affair, Hanno Berger too will say he never broke any law.

In a series of coordinated raids, law enforcement agencies in five EU countries arrested 22 suspected members of an organized crime group that allegedly deprived the Spanish budget of more than 26.5 million euro (US$32,35 million) by misusing the European Union’s VAT rules.

Spanish police arrested 17 suspected members of a criminal network that allegedly made about 10 million euro (more than US$12 million) mixing saffron with other herbs and chemicals and selling it as pure, high-quality saffron, Europol said.

Israeli police detained 30 people suspected of participating in a fraud scheme that saw hundreds of oil companies being fraudulently registered in the names of the suspects who then took bank loans and issued fictitious tax invoices, pocketing the money.

The British crown dependency has registered over 1,000 private jets while offering liberal tax loopholes for the wealthy.

Prosecutors have opened last October an investigation to see whether the French tax authority has illegally given one of the country’s largest investment banks 2.2 billion euros (US$2,5 billion) in tax credit for losses the bank was mostly responsible for.

A report released on Monday by the U.S. Treasury Inspector General for Tax Administration shows that hundreds of thousands of the country’s highest earners have not been paying taxes.

Poland's anti-graft agency dismantled an organized crime group suspected of money laundering, tax evasion and tax fraud, the country’sCentral Anti-Corruption Bureau (CBA) said on Wednesday.

The Internal Revenue Service (IRS) said that whistleblowers leaking information on tax evaders yielded over US$616 million in lost revenue to the US Treasury office this past fiscal year.

A former employee of Mossack Fonseca—the Panamanian law firm at the center of the 2016 Panama Papers leak of more than 11.5 million legal and financial records—was extradited to Germany on Wednesday in connection to the sprawling international tax scheme exposed by the investigation, German media reported.

A US federal court ordered two men to disgorge over US$50 million after it found them guilty of tax fraud for selling “inoperable” solar equipment to tens of customers who then cashed in on lucrative tax deductions.

More than US$ 750 million in mining revenues disappeared from the coffers of the Democratic Republic of the Congo over a three-year period, according to a report released Friday.

Three members of Nepal’s Tax Settlement Commission were charged with embezzlement Sunday in the largest corruption case filed to date by the country’s anti-graft agency.