News
Midweek Roundup: Leonardo DiCaprio in 1MDB Probe, Pro-Russia News Agency Loses UK Bank Account, and More
printLeonardo DiCaprio said he is cooperating with the U.S. Justice Department to return any money embezzled from sovereign wealth fund 1Malaysia Development Bhd., or 1MDB, that may have been used to back his 2013 film "The Wolf of Wall Street," the Guardian reported. More A Manhattan federal judge rejected a motion to dismiss a lawsuit brought by Ecuador's Banco del Austro against Wells Fargo for authorizing the transfer of $12 million in funds from the South American lender's U.S. correspondent account last year, Reuters said. More Kremlin-affiliated news outlet RT accused the U.K. government of impeding free speech after NatWest...
TO READ THE FULL STORY
Related News
Several small banks in the U.K. are planning to relocate their operations to the EU by Christmas, London's lead over New York as the world's top financial center has narrowed significantly ahead of the U.K.'s planned departure from the EU, and more, in the midweek roundup.
German officials intend to unveil measures to crack down on international tax havens, Brazilian President Dilma Rousseff vowed to fight efforts to impeach her over her alleged role in a massive money laundering scandal, and more, in the midweek roundup.
Russia plans to investigate whether the Russian nationals named in the Panama Papers violated any laws, officials in the Ukraine will probe President Petro Poroshenko over his ownership of three offshore companies with ties to Mossack Fonseca, and more, in the midweek roundup.
HSBC's independent compliance monitor has identified a number of potential regulatory lapses at the institution, criminals from around the world are increasingly turning to China to launder illicit funds, and more, in the midweek roundup.
Former Brazilian President Luiz Inacio Lula da Silva could escape arrest and imprisonment for alleged money laundering, the governor of Bangladesh's central bank resigned after computer hackers managed to steal $81 million, and more, in the midweek roundup.
Bangladesh's central bank said computer hackers siphoned funds from its account at the U.S. Federal Reserve, the U.S. Treasury Department imposed new sanctions on the Lord's Resistance Army and its leader Joseph Kony, and more, in the midweek roundup.
Japan's Financial Services Agency is expected to propose regulating virtual currencies as it does cash, French officials have completed a 5-year investigation of suspected tax evasion at UBS AG, and more, in the midweek roundup.
Spanish police searched the Madrid branch of ICBC for alleged money laundering, Ecuador plans to charge national soccer federation president Luis Chiriboga Acosta with money laundering, and more, in this week's roundup.
FATF gave a largely positive mutual evaluation report on Italy, Transparency International is seeking "social and political sanctions" against FIFA, and more, in the midweek roundup.
U.S. lawmakers mull new Iran sanctions, French officials advocate lifting financial restrictions on Russia, and more, in this midweek news roundup.