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Weekly Roundup: Prosecutor Behind Compliance Firing Could Face Disbarment, Vatican Receives Moneyval Report, and More
printA former federal prosecutor could be disbarred next month for secretly requiring American Express Bank International, which was subsequently bought by Standard Chartered, to fire one of its employees as part of an August 2007 settlement deferring a money laundering prosecution, Main Justice reported Tuesday. More A 2010 probe found that John Sellers, who oversaw the $65 million settlement as a trial attorney with the U.S. Justice Department's Asset Forfeiture and Money Laundering Section, violated ethics standards when he required the bank to fire former AEBI chairman Sergio Masvidal, the Miami Herald reported in May. More Sellers, now an attorney with the Treasury...
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