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Weekly Roundup: Global Lenders Shell Out $300 Billion to Authorities, HSBC and US Officials Move to Block Publication of Internal Report, and More
printGlobal banks have paid over $300 billion in penalties and settlements as a result of money laundering, terrorist financing, market manipulation and other criminal and regulatory violations since 2008, according to independent research cited by Bloomberg. More Lawyers for HSBC and the U.S. Justice Department are urging a federal judge to block the release of an independent monitor's report describing the bank's efforts to improve its anti-money laundering program, Reuters reported. More North Korea is growing more sophisticated in the techniques it uses to flout international sanctions, often using foreign companies and offshore representative offices to gain access to formal...
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