Swiss private bank installs Bitcoin ATM, U.S. lawmakers propose new sanctions against foreign banks tied to North Korea, and more, in this week's roundup.
U.K. and French tax investigators uncover an alleged £440 million scheme to launder alcohol-fraud profits, U.S. special prosecutor focusing on allegedly illicit transactions by associates of President Donald Trump, and more, in this week's roundup.
Deutsche Bank close to settling Federal Reserve investigation, Justice Department houses federal attorney with U.K. Financial Conduct Authority, and more, in this week's roundup.
Credit Suisse reportedly investigating mirror-trade scheme involving Russian subsidiary, China threatens to close Bitcoin exchanges caught violating anti-money laundering regulations, and more, in this week's roundup.
President-elect Donald Trump's advisors are considering options for expanding sanctions against Iran, the European Council proposed designating the sale of high-value cultural items pillaged from conflict zones in Syria as terrorist financing, and more, in this week's roundup.
Germany may push the EU to adopt a new round of sanctions against Russia, Bank of Tokyo-Mitsubishi, HSBC and OCBC Bank are set to test the use of blockchain technology to screen transactions in a trial run, and more, in this week's roundup.
U.N. sanctions on Iran's Bank Sepah and Bank Sepah International were removed as part of a "secret" deal between U.S. and Iranian officials, the Fed ordered the Agricultural Bank of China to overhaul its AML program, and more, in this week's roundup.
OFAC designated the Pacnet Group as a transnational criminal organization, Canadian lenders Scotiabank, RBC and CIBC together formed nearly 2,000 offshore firms in the Bahamas according to leaked documents, and more, in this week's roundup.
Brazil's former President Luiz Inacio Lula da Silva denied wrongdoing after prosecutors charged him with money laundering, an Iranian lawmaker said that Iran's cooperation with FATF is crucial to the country's reengagement with the global financial system, and more, in this week's roundup.
Approximately $50 billion is laundered through Mexican financial institutions every year, Deutsche Bank's Chief Information Security urged the global messaging system known as Swift to strengthen its security processes, and more, in this week's roundup.
U.N. Security Council members failed to reach the consensus needed to pass sanctions against Syria, Haiti adopted AML and counterterrorist financing controls, and more, in this week's roundup.
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