A Congolese bank’s handling of funds allegedly tied to a U.S.-blacklisted Lebanese-militia in apparent violation of U.S. sanctions highlights the need for global banks to effectively scrutinize their business relationships in high-risk regions, say sources.
A top commander in South Sudan's People's Liberation Army managed to embezzle and launder millions from the world's youngest state with the help of a U.S. dollar-denominated account, a global advocacy group claimed in a report Wednesday.