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Midweek Roundup: Bank of China Settles Criminal Case in Italy, US Lawmakers Call for More Sanctions Against Iran, and More
printItalian authorities fined Bank of China €600,000 and handed out 2-year suspended sentences to four of the lender's employees in Milan for their involvement in a €4.5 billion cash smuggling and money laundering scheme, Reuters said. More HSBC disclosed in an annual financial report that its U.S. court-appointed monitor has voiced "significant concerns" about its anti-money laundering efforts, U.K. regulators are probing its compliance program and international authorities are investigating it for possible ties to Panamanian law firm Mossack Fonseca, the Daily Record reported. More An Austrian court approved the extradition to the United States of Ukrainian oligarch Dmitri Firtash,...
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