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Midweek Roundup: U.N. Weighing Sanctions Against Ex-Yemeni President, Swiss Banks Get Little Help in U.S. Tax Deal, and More
printFederal financial regulators have quietly told Colorado bankers that they can continue to work with state-approved cannabis businesses provided that they closely monitor their accounts and comply with U.S. Treasury Department guidance, the Denver Post reported, citing attorneys and industry insiders. More The official heading the U.S. Treasury Department's effort to close Islamic State's financial channels will detail that strategy for the first time Thursday at an event hosted by the Carnegie Endowment for International Peace. More David Cohen told The New York Times that he thinks the plan will impact the terrorist group well before the United States winds...
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The U.N. Security Council is preparing a draft resolution to comply with the terms of an international nuclear accord, Italy's FIU said that STRs filed by banks jumped 10 percent last year to an all-time high of 71,700, and more, in the midweek roundup.
The EU blacklisted 32 Iranian shipping companies and Tehran-based Bank Tajerat, Westpac, of Australia, became the latest bank to discontinue remittances to Somalia, and more, in the midweek roundup.
Canada announced sanctions against 37 Russian and Ukrainian individuals and 17 entities, banks in Ireland need to improve AML training and risk assessment procedures, and more, in the midweek roundup.
The EU postponed the designations of 19 people and nine entities deemed responsible for instability in Ukraine, Iran will push for the removal of banking and trade restrictions imposed against it in upcoming nuclear negotiations with the U.S., and more, in the midweek roundup.
EU officials will appeal a high court ruling that removed Hamas from the 28-member bloc's blacklist, Colombia arrested the CEO of CI Goldex SA for allegedly executing the nation's largest-ever money laundering scheme, and more, in the midweek roundup.
Interpol issued an arrest warrant for former Ukraine president Viktor Yanukovych, Philippine investigators suspect that embattled Sen. Jinggoy Estrada laundered millions of dollars of bribes, and more, in the midweek roundup.
The Cayman Islands will not create a register of corporate beneficial owners, rampant corruption in public contracts has led to a widespread failure of Iraq's infrastructure, and more, in the midweek roundup.
Visa and MasterCard have suspended operations in Crimea in response to recently adopted U.S. sanctions, India's Enforcement Directorate charged five individuals with money laundering, and more, in the midweek roundup.
President Obama will sign legislation that imposes further sanctions on Russia, developing countries lost nearly $1 trillion in 2012 to corruption and money laundering, and more, in the midweek roundup.
German exports to Iran in the first eight months of this year rose 33 percent over the same period last year, Spanish singer Isabel Pantoja has been sentenced to two years imprisonment for laundering public funds illegally obtained by her ex-boyfriend, and more, in the midweek roundup.
Over 50 government officials in Spain were arrested on suspicion of operating a massive corruption network, India's Supreme Court granted investigators access to the names of over 600 Indians suspected of hiding untaxed income, and more, in the midweek roundup.
French prosecutors have dropped a money laundering investigation against an Iranian dissident group, a new set of AML rules is increasing the pressure on Chinese banks to flag suspicious activity, and more, in the midweek roundup.
Two U.S. banks were targeted by regulators for BSA issues, Wells Fargo Advisors faced a Finra probe for AML problems, and more, in the midweek roundup.
Britain's National Crime Agency is launching a coordinated crackdown on money laundering in the City of London, the EU Commission advanced proposals to member-states on deeper sanctions against Russia, and more, in the midweek roundup.
U.S. and EU officials are considering asset freezes and travel bans on the leaders of rebel groups in Libya, India's Reserve Bank issued simplified due diligence rules for low-risk customers, and more, in the midweek roundup.
Kenya is the easiest place in the world to form an anonymous shell company to launder illicit profits, France's FIU calls for controls on virtual currency, and more, in the midweek roundup.
The Vatican appointed French financier Jean-Baptiste de Franssu to head its bank, Singapore issued guidelines on how financial institutions should comply with customer due diligence requirements, and more, in the midweek roundup.
Former French President Nicolas Sarkozy is suspected of corruption, SARs filed in Switzerland in 2013 reflect the growth of organized crime groups, and more, in the midweek roundup.
The Obama administration is preparing sanctions targeting Russia's financial, energy and defense industries, Iran is asking HSBC to process humanitarian aid-related transactions it has frozen, and more, in the midweek roundup.
South Africa joined the bevy of countries that have signed onto FATCA, U.S. officials arrested 27 Mexican nationals for allegedly laundering money, and more, in this week's roundup.