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Weekly Roundup: DOJ Asks Banks to Inform on Employees, EU Court Overturns Iran Central Bank Sanctions, and More
printIn a speech delivered Wednesday, a senior federal prosecutor called upon banks targeted for investigation to avoid the fate of BNP Paribas and Credit Suisse by identifying guilty employees and executives in exchange for possibly lighter penalties. More A Paris appeals court will rule Sept. 22 whether Swiss banking giant UBS AG must pay a $1.4 billion bond to potentially settle money laundering charges, according to Bloomberg. More An EU court annulled the March 2012 designation of the Central Bank of Iran for helping other designated Iranian banks evade sanctions, the Financial Times reported Thursday. The bloc's stated reason for...
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FATF removed Algeria, Angola and Panama from its list of countries with strategic deficiencies in their AML rules, the European Court of Justice denied the EU Council's appeal to reimpose sanctions against Iran's Bank Mellat, and more, in this week's roundup.
Canada's Superintendent of Financial Institutions found 72 money-laundering violations at banks between 2009 and 2014, Kenya removed money remitter Dahabshiil Kenya from a sanctions blacklist, and more, in this week's roundup.
The Obama administration steps up its congressional lobbying ahead of a possible Iran sanctions deal, House lawmakers say they will investigate terrorist financing with a new taskforce, and more, in this week's news roundup.
North Korea is demanding that South Korea lift sanctions as a condition for bilateral talks, Billionaire Rinat Akhmetov was questioned over his suspected involvement in terrorist financing, and more, in this week's roundup.
Western nations may expand sanctions against Russia in response to the country's movement of combat troops into eastern Ukraine, eleven people in Portugal were detained on suspicion of corruption and money laundering, and more, in this week's roundup.
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The U.K. calls for comments on the AML-related fees it charges financial institutions, New Mexico credit unions notify marijuana dispensaries of imminent account closures, and more, in this week's news roundup.
Singapore will bolster client identification requirements for exchangers of digital currency, Hong Kong's fifth richest man was sentenced to five years in jail for bribery and money laundering, and more, in this week's roundup.
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China prohibits the trading of bitcoins by financial institutions over money laundering concerns, the U.K. closes 100 suspicious Bank of Cyprus accounts, and more, in this week's news roundup.
CFATF blacklisted Belize and Guyana for failing to improve their AML regimes, the Dubai Financial Services Authority is suing Deutsche Bank AG for allegedly breaking AML rules, and more, in this week's roundup.