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Weekly Roundup: Chase Closes Nearly 5,000 Foreign Business Accounts, State Online Gambling Efforts Stall, and More
printChase Bank is in the process of closing nearly 5,000 small foreign business accounts-many located along the U.S.-Mexico border-due to anti-money laundering (AML) compliance concerns, Fronteras reported Friday. Wells Fargo has also recently closed accounts in the region. More Efforts by U.S. states to legalize Internet gambling beyond New Jersey, Delaware and Nevada have come to a standstill following a lobbying campaign by some brick-and-mortar casino owners to kill such plans, the Financial Times reported. Internet gambling supporters are hoping that a new campaign to legalize the sector in California will revive industry interest. More Tehran condemned new U.S. sanctions...
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