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Weekly Roundup: Justice Department Seizes Money in 375 Accounts, IRS Says 14,700 People Disclosed Assets, Nations Ranked for Corruption, and More
printDrug-related money laundering is likely on the minds of compliance staff this week, when it was revealed that at least three large banks have dropped the accounts of medical marijuana clinics over fears of regulatory reprisals, and the U.S. Justice Department announced the seizure of alleged narcotics proceeds in 375 accounts. More On Thursday, the Eastern District of New York Attorney's Office said that it had seized approximately $3.2 million from bank accounts tied to Colombian narcotics groups. The seizures are part of an ongoing investigation called Operation Black Market Peso Sweep, which previously confiscated approximately $1.2 million from 35...
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