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Midweek Roundup: White House Clinches Senate Support of Iran Deal, Argentina Orders HSBC to Replace Execs over Compliance Issues, and More
printSen. Barbara Mikulski (D-WI) endorsed the global nuclear accord with Iran, ensuring the White House's ability to veto any congressional attempt to block its implementation, the Guardian reported. More U.S. officials could soon blacklist Russian and Chinese nationals and companies for their alleged roles in cyberattacks against the American companies, Reuters reported. More The designees are unlikely to have assets in the United States, The Wall Street Journal said. More The European Union will extend sanctions against Russia through March 15, The Wall Street Journal reported. The current prohibitions, which are set to expire on Sept. 15, target nearly 200...
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The EU extended sanctions imposed in response to Russia's annexation of Crimea and Sevastopol, KPMG resigned as FIFA's auditor, and more, in the midweek roundup.
The U.S. Office of the Comptroller of the Currency is preparing an enforcement action against the Bank of China, Guernsey is looking to raise the cap on AML fines, and more, in the midweek roundup.
An internal review by Deutsche Bank AG has uncovered at least $10 billion in suspicious transactions in its Russian branches, Cyprus' central bank revoked the license of FBME Bank Ltd for undisclosed reasons, and more, in the midweek roundup.
China asked the United States to more closely coordinate on terrorist financing cases, Greek police searched a UBS location in Athens for possible evidence of tax evasion, and more, in the midweek roundup.
New York federal jurors found former state Assembly Speaker Sheldon Silver guilty of money laundering, Russian officials plan to circulate a draft U.N. resolution targeting the funding portals of the Islamic State, and more, in the midweek roundup.
Bank of America has cut off its supply of U.S. banknotes to Angola, President Obama signed an executive order imposing asset freezes and visa restrictions against individuals in Burundi, and more, in the midweek roundup.
EU officials plan by June to issue recommendations for reducing the bloc's vulnerability to money laundering, Trinidad and Tobago is at risk of losing its membership in CFATF, and more, in the midweek roundup.
German authorities raided the headquarters of the country's top football association in Frankfurt, regulators in the Netherlands and Dubai have fined Dutch bank ABN Amro $625,000 and $640,000 respectively, and more, in the midweek roundup.
Former U.S. House Speaker Dennis Hastert pleaded guilty to violating federal banking laws by structuring cash withdrawals, residents of China are increasingly using underground banks to transfer funds abroad, and more, in the midweek roundup.
FBI officials and U.S. federal prosecutors are investigating Goldman Sachs' involvement in several transactions tied to 1MDB, HSBC whistleblower Herve Falciani failed to show up for trial in a Swiss court, and more, in the midweek roundup.
Swiss banking giants Credit Suisse and UBS AG are ramping up their efforts to secure business from wealthy Asian clients, Standard Charted hired former OFAC attorney Steve Munro to direct its sanctions compliance efforts, and more, in the midweek roundup.
Crédit Agricole will set aside an additional $384 million for a potential U.S. settlement of sanctions violations, the IMF recommended that Rwanda step up its efforts to prevent terror financing, and more, in the midweek roundup.
Western Union will commit additional resources beyond the $250 million it spends annually to prevent fraud and money laundering, the Dubai Financial Services Authority fined Arqaam Capital $50,000 for unspecified AML violations, and more, in the midweek roundup.
The suspected father-in-law of former Zetas cartel boss Omar Treviño was arrested on criminal conspiracy and money laundering charges, Iraq's parliament is expected to approve an AML bill that will help bring the nation in line with international standards, and more, in the midweek roundup.
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.
U.S. officials extended temporary sanctions relief for Iran through July 10, Nigerian officials are exploring measures to curtail the inflow of undeclared foreign currency into the country, and more, in the midweek roundup.
South Korea's FIU fined Woori Bank nearly $2 million for failing to report around 300 transactions, the United Arab Emirates inked a deal to implement FATCA, and more, in the midweek roundup.
White House officials are mulling over whether to sanction Chinese hackers for theft of government records on 4-million employees, Sepp Blatter faces interrogation in the FIFA corruption probe, and more, in the midweek roundup.
The Holy See will submit information on Americans with Vatican bank accounts to the U.S., German investigators raided Deutsche Bank's headquarters in Berlin on suspicion of tax fraud in securities transactions, and more, in the midweek roundup.
Credit unions are increasingly vulnerable to money laundering, Standard Charted and Barclays have launched internal investigations of payments by FIFA officials, and more, in the midweek roundup.