Global cocaine production has reached record levels, more than doubling since 2014, as cocaine consumption surged in new markets in Africa and Asia and traffickers decentralized their networks to avoid seizures, says the latest report by the United Nations Office on Drugs and Crime (UNODC).

Credit Suisse, Switzerland’s troubled bank that was recently bought by its rival USB, has been investing in sanctioned entities in China.

The United States designated a citizen of Bosnia and Herzegovina who has been detained last year in Dubai as the alleged leader of a drug cartel and one of the key players in the global cocaine trade.

UBS agreed Sunday to purchase Credit Suisse, Switzerland’s second biggest bank, for US$3.2 billion, following a tumultuous week for the country’s banking system that threatened to spill over onto the global financial system.

Judicial officials in Thailand revoked an arrest warrant for a powerful senator on drug trafficking and money laundering charges, according to a leaked testimony that experts cited as evidence of political interference in the country’s judicial system.

U.S. and European authorities reported Thursday that they have taken down ChipMixer, a cryptocurrency mixer well-known in the cybercriminal underground and suspected of having laundered more than US$3 billion worth of cryptocurrency.

A court in Romania sentenced on Friday three members of an organized crime group to more than a decade in prison each for skimming ATM machines and stealing millions from people’s credit cards as well as trying to kill a former gang member.

A Chinese businessman was arrested on Wednesday in New York for allegedly leading a group that cheated thousands of online followers out of over US$1 billion, the U.S. Department of Justice said.

The Federal Trade Commission (FTC) finalized Tuesday its order for Epic Games to pay back US$245 million to its consumers who were tricked by the video game developer into making unwanted purchases.

Ecuador has declared the Argentinian ambassador to the country persona non grata for allowing a former Ecuadorian minister who found refuge at his Residence in Quito after a court sentenced her for corruption to leave the country, the Ecuadorian Ministry of Foreign Affairs said Tuesday.