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Midweek Roundup: New Jersey Legalizes Online Gambling, Russia Fears Economic Meltdown Due to AML Enforcement, and More
printThe European Union is set to start the process of easing sanctions against Iran next month with a goal of completion in January, The Wall Street Journal reported Monday. In total, European and U.S. officials have granted Tehran approximately $7 billion in sanctions relief in exchange for curbing some of its nuclear program. The core of EU and U.S. financial sanctions, however, remain in place. More Russia's crackdown on money laundering and other financial crimes could lead to a financial collapse, the Moscow International Currency Association cautioned in a statement. Last week's closure of the Moscow-based Master Bank over money...
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Criminal gangs in the United Kingdom are recruiting teenagers on Facebook to move illicit funds, the UN and U.S. lawmakers are weighing new sanctions against North Korea, and more, in the midweek roundup.
The U.N. Security Council is preparing a draft resolution to comply with the terms of an international nuclear accord, Italy's FIU said that STRs filed by banks jumped 10 percent last year to an all-time high of 71,700, and more, in the midweek roundup.
U.S. and Manhattan officials have added three years to the terms of their original 2012 DPA of Standard Chartered Bank, Israel arrested 28 individuals suspected of facilitating a tax evasion scheme via UBS AG bank accounts, and more, in the midweek roundup.
As the Obama administration weighs punitive measures against Russia, part of its calculus will be the degree to which Russian officials can undermine U.S. national interests, including sanctions against Iran.
U.S. House leaders will pick up a Senate bill that would impose new sanctions against Iran, German tax authorities are investigating over 100 clients of the Swiss arm of Israel's Bank Leumi, and more, in the midweek roundup.
Turkey's state-owned Halkbank plans to continue processing oil and gas payments on behalf of Iran, French authorities are investigating the comedian known as Dieudonné for allegedly laundering money, and more, in the midweek roundup.
Iranian authorities arrested a businessman blacklisted by the United States for corruption charges, Latvia's adoption of the euro will likely result in an influx of dirty money in the European Union, and more, in the midweek roundup.
A former Ohio deputy treasurer pleaded guilty to bribery and money laundering, Malta's financial intelligence unit is planning to conduct a national risk assessment, and more, in the midweek roundup.
Saudi Arabia's Council of Ministers approved a bill that strengthens controls over terrorist financing, Austrac fined an MSB Over $200,000 for failing to have its affiliates registered, and more, in the midweek roundup.
Vatican Bank has identified more than 100 suspicious transactions this year, a court sentenced former Goldman Sachs banker Elias Preko to over four years in prison for laundering $5 million, and more, in the midweek roundup.
The FDIC disclosed two consent orders for BSA violations, turmoil related to the Arab Spring has resulted in a rise in Tunisian money laundering, and more, in the midweek roundup.
Iran's state-owned National Iranian Gas Company could shut its doors due to financial losses, a former Venezuelan state banking official pleaded guilty to money laundering, and more, in the midweek roundup.
Terrorists in West Africa often use drug and weapons trafficking to fund their operations, the SEC entered into its first-ever deferred prosecution agreement with an individual, and more, in the midweek roundup.
A federal judge has agreed to sign off on a plan to settle a civil money laundering case against SAC Capital Advisors LP, France will remove Jersey from its tax blacklist if the jurisdiction improves how it responds to data requests, and more, in the midweek roundup.
U.S. authorities are investigating Cantor Gaming, an affiliate of Cantor Fitzgerald, former U.S. Congressman Rick Renzi was sentenced to 36 months in prison, a Vancouver ATM allows users to exchange bitcoins for cash, and more, in the midweek roundup.
Japanese officials have increased pressure on Japan's organized crime groups, Singapore is conducting a national assessment to gauge money laundering risks, and more, in the midweek roundup.
Belgian authorities raided the homes of 20 HSBC customers as part of an tax evasion investigation, Swiss authorities furthered loosened bank secrecy standards, and more, in the midweek roundup.
Ireland's central bank fined XA MPS Financial Limited approximately $67,580 for AML violations, a court sentenced former Greek Defense Minister Akis Tsochadzopoulos to 20 years in prison for money laundering, and more, in the midweek roundup.