Good morning. Hackers used a Chinese artificial-intelligence agent to attack South Korea’s biggest banks and steal the personal information of 68,000 people, officials said, marking one of the first such AI-powered intrusions into the global financial system.

• The breach: Investigators in Seoul said the attacks, initially detected last week, hit at least seven South Korean financial firms and showed traces of a cybersecurity tool called Artex AI that was developed in China. The National Police Agency’s cyber terror unit said Tuesday it had opened a probe into the breach.

• Banks at risk: The attacks were the latest to highlight the vulnerability of even hardened targets to hackers using freely available AI tools. In previous cases, governments and nonfinancial corporations were hit, but it is unusual for banks to fall victim to hackers assisted by AI agents.

• Familiar ground: Anthropic last year alleged that state-sponsored Chinese hackers used Anthropic’s AI technology to automate break-ins of roughly 30 global targets, including corporations and foreign governments. China at the time accused the U.S. of using cybersecurity to smear and slander Beijing.

Meet the Disney lawyer leading fight against the FCC.

Before he became Disney’s top lawyer, Horacio Gutiérrez faced powerful adversaries, defending Microsoft in its antitrust fights and taking on Apple while at Spotify. All that was a warm-up for his biggest challenge—a First Amendment battle with the Trump administration.

His current battle: At a Tuesday hearing, Gutiérrez and his team squared off against the Federal Communications Commission in federal court in Washington, D.C. The company is seeking to halt an early renewal-application request of its ABC broadcast licenses, a move typically used when the agency is preparing to fine or challenge a broadcast licensee.

What’s the dispute? Disney said the request is part of a Trump administration campaign against free speech and media outlets critical of the president. The FCC said the license review isn’t about free speech but is instead part of a probe into whether Disney’s diversity, equity and inclusion initiatives violated the agency’s prohibition on unlawful discrimination.

Exporters to get extra year for EU’s methane emission rules, Von der Leyen says.

Exporters are set to get an extra year to get to grips with incoming European Union methane emission rules, European Commission President Ursula von der Leyen said as companies struggle with high fuel costs.

Von der Leyen told EU lawmakers on Tuesday that the move would save additional costs during a crisis period.

Under the rulebook, oil and gas importers in the bloc would have faced stricter methane emissions reporting requirements on their suppliers from January 2027.

• Kyrgyzstan has asked its courts to liquidate 16 companies over sanctions risks and is preparing a “blacklist” of high-risk businesses and individuals, Risk Journal reports (free link).

• The U.S. Treasury warned foreign financial institutions still doing business with Iran they could be sanctioned “at any time without advance notification” under Operation Economic Outcast, its campaign to cut Iran off from the global financial system, Risk Journal reports (free link).

• Japan’s four major beer makers were probed by the Japanese antitrust regulator for suspected violations of antimonopoly regulations.

• The biggest risk from artificial intelligence isn’t a science-fiction scenario in which machines take over the world. It is the prospect that the technology widens economic divisions and fuels social unrest, according to Anthony Tan, CEO of Grab, the ride-hailing and food delivery app.

• Chief compliance officers should use artificial intelligence to simplify their workloads, rather than looking at the technology solely as a new risk, according to industry leaders. “If AI is freeing you up to do anything, it is freeing you up to help lead members of your team,” said Esme Hodson, chief compliance officer of Standard Chartered Bank’s SC Ventures, at a CCO Council breakfast in Singapore on Tuesday.

• Gone are the days when companies could serve customers in both the U.S. and China from one location, said Henry Gao, professor of law at Singapore Management University. Gao, speaking at the Risk Journal Summit in Singapore on Tuesday, said that businesses now must choose between the two countries.

The share of corporate respondents that said their organizations trained employees on how to evaluate AI outputs, according to a report from software provider Riskonnect.

Mexico’s Sheinbaum is getting fed up with playing nice with the U.S.

President Claudia Sheinbaum began her workday at dawn last week by grilling Mexico’s top security and intelligence officials. She wasn’t happy.

Sheinbaum confronted some of her most trusted aides over their plans to freeze the local bank accounts of former Mexican officials linked to a state governor from Sheinbaum’s ruling party. The U.S. Treasury was about to target those former officials with sanctions for allegedly accepting bribes to protect the Sinaloa cartel’s drug-smuggling operations, said people familiar with the discussion. To Sheinbaum, her security chiefs were going beyond the close cooperation with American law enforcement that has been the hallmark of her two-year tenure by taking for granted that the U.S. had solid evidence linking the former officials to drug cartels, these people said.

Upping the stakes: The episode reflects the harsher tone that Sheinbaum is taking toward American efforts to fight drug trafficking on her country’s soil and the Trump administration’s targeting of her leftist party, Morena.

Families of dead prospectors sue authority that certifies gold as ethically produced.

Families of two independent gold prospectors allegedly killed by security forces at a Tanzanian mine are taking their grievances directly to global markets, suing the London-based authority that certified metal from the deposit as ethically produced.

Potential impact: If successful, the legal maneuver in the case—going after the London Bullion Market Association rather than the mining company, the gold refiner, Tanzanian authorities or the alleged killers—could generate questions about whether gold produced amid violence or human-rights violations is seeping into the marketplace.

• The U.S. trade deficit widened in August to its biggest in more than a year, with the U.S. buying more products like crude oil, gold and semiconductors from abroad.

• Canada’s goods-trade surplus with the world ballooned to the largest in more than four years as tariff front-running drove a jump in exports to the U.S.