More severe penalties may lie in wait for financial institutions deemed to have deficient compliance programs under an EU proposal to tackle money laundering, say sources.
Bailiffs have seized the London home of a Saudi Arabian political dissident following a tax probe into the funding of a suspected plot to assassinate the regime's late king, U.K. law enforcement said Thursday.
Uncertainty over whether British and Canadian regulators expect financial institutions to incorporate social media checks into their customer due-diligence processes is complicating efforts to manage compliance risks, say sources.
U.S. prosecutors are investigating employees of Mossack Fonseca, while separately alleging that a painting by Claude Monet was used to launder money in connection with embezzlement from 1MDB, and more, in the weekly roundup.