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Weekly Roundup: U.K. Agency Faces Legal Challenge Over HSBC Case, Iran Bill Hits Snag in Congress, and More
printJPMorgan Chase and other American banks have accused federal officials of using U.S. statutes against foreign bribery to deter and punish conduct that is seen as standard procedure in other countries, including offering jobs to relatives of high-ranking government officials, according to The Wall Street Journal. More Online campaign group Avaaz has launched judicial reviews against the U.K.'s HM Revenue & Customs over its decision to grant amnesty to thousands of British clients of HSBC who are suspected of dodging taxes, the Guardian reported. The proceedings are the first legal challenge to the agency's widely criticized handling of the revelations....
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