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Weekly Roundup: New York Regulator Investigating Deutsche Bank, HSBC Settles Swiss Money Laundering Investigation, and More
printThe New York Department of Financial Services is investigating suspicious activity originating from Deutsche Bank's branch in Moscow, where the lender is investigating over four years of transactions made by Russian clients for signs of money laundering, Bloomberg reported Friday, citing anonymous sources. The transactions under scrutiny may involve as much as $6 billion. More HSBC has agreed to pay Swiss authorities $43 million to settle a money-laundering investigation into its Geneva-based private bank and four of its clients, Reuters reported Thursday. More U.S. Assistant Secretary for Terrorist Financing Daniel Glaser said that Islamic State funding sources are dwindling because...
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