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Midweek Roundup: Mexico to Launch Sanctions List, South Africa Fines Four Banks, and More
printMexico will soon draft a sanctions list targeting drug traffickers and money launderers, much as the United Nations and United States do, the Associated Press reported, citing Mexican Finance Secretary Luis Videgaray. Recent reforms to Mexico's laws allow officials to restrict bank and brokerage accounts without legal convictions. More South Africa's central bank fined FirstRand Ltd., Nedbank Group Ltd., Barclays Plc and Standard Bank Group Ltd. a combined $11.9 million for deficiencies in customer identification procedures, recordkeeping and identifying suspicious transactions. More and More Standard Bank was also advised to boost counterterrorist financing controls. More New York's Department of Financial...
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