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Weekly Roundup: US Blacklists Canadian MSB, Wells Fargo Fired Whistleblowers, and More
printFederal prosecutors disclosed civil actions and asset seizure warrants against Pacnet, a Canada-based payments processor and money services business accused of facilitating and directly participating in a scheme that bilked millions of mostly elderly Americans out of hundreds of millions of dollars. More The U.S. Office of Foreign Assets Control designated the Pacnet Group as a transnational criminal organization and blacklisted 36 senior employees, affiliates and entities for their purported involvement in the fraud. More Wells Fargo CEO John Stumpf resigned from an industry panel that advises the U.S. Federal Reserve amid pressure from federal lawmakers who want senior executives...
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