A Russian businessman who died in mysterious circumstances in southern England five years ago after allegedly helping launder the proceeds of a suspected $230 million tax fraud in Russia was onboarded as a client by a Swiss private bank following extensive background checks.
U.K. lawmakers will attempt to force the government to improve corporate transparency in its overseas, semi-autonomous jurisdictions, but could end up hindering the passage of key anti-money laundering legislation in the process, sources told ACAMS moneylaundering.com.
A proposal that would empower U.K. officials to blacklist human rights abusers anywhere in the world and confiscate their assets may be scuppered by the government's reluctance to impose new responsibilities on banks ahead of Brexit, a British parliamentarian said Tuesday.
A draft bill that would enable the U.S. government to impose sanctions on corrupt officials and individuals who commit grave human rights violations anywhere in the world will soon get a House floor vote.
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