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Midweek Roundup: Argentina Accuses HSBC of Aiding Launderers, FinCEN Clarifies Virtual Currency Expectations, and More
printArgentine officials have accused HSBC of helping a criminal group launder and evade taxes on more than $100 million, the Associated Press reported. Mas Distribuidora SA, Recaudaciones y Servicios del Sur SRL and Red de Multiservicios SA evaded taxes on $44 million in funds and laundered a separate $76 million using "phantom operations," officials allege. The country's tax agency is pursuing a criminal investigation. More The Reserve Bank of India (RBI) confirmed Monday that it is investigating ICICI Bank Ltd, HDFC Bank Ltd. and Axis Bank Ltd. for potential violations of anti-money laundering rules, according to a story published by...
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New York States financial regulator will soon hold a public hearing to determine whether it should license digital currency companies that comply with regulations aimed at money launderers and fraudsters.
The indictment Wednesday of an online black market for narcotics and weapons vendors could further hamper proponents of a growing digital currency in the eyes of bank compliance officers.
Looking for entrée into a financial market that has been reluctant to bank them, multiple Argentine money services businesses have applied for American accounts under false pretenses, say industry advisors.
The second installation of a two-part story on how the Bitcoin market is changing under the scrutiny of federal and state officials.
Filipino Sen. Teofisto Guingona plans to introduce a bill that would require casinos in the country to report suspicious activity, the U.S. Treasury Department blacklisted a network of 37 companies, and more, in the midweek roundup.
Peruvian ex-President Alejandro Toledo denied allegations that he laundered money through real estate, money launderers are allegedly using Mauritius to evade taxes and illicitly transport funds to India, and more, in the midweek roundup.
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The United Nations Security Council partially eased an arms embargo against Somalia, an aide to a former Indonesian Prosperous Justice Party chairman was charged with money laundering, and more, in this week's roundup.
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Pakistan's National Assembly approved new counterterrorist financing legislation, Italian organized crime groups are utilizing Switzerland's proximity to launder illicit funds, and more, in this week's roundup.
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Weekly Roundup: Turkey Approves Terror Finance Bill, EU Court Lifts Sanctions on Iran Bank, and More
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