News

The Oct. 27 indictment of Paul Manafort, U.S. President Donald Trump’s former campaign chief, perhaps represents the most significant development to date in the federal investigation into Russia’s alleged interference in the 2016 election. Details of the government’s case against Manafort and his business partner, Richard Gates, may also bolster the ability of financial institutions to identify high-risk clients and suspicious activity that otherwise may have gone unnoticed, say sources. Federal prosecutors charged the pair with money laundering and other violations for concealing their roles as consultants and lobbyists for former Ukrainian president Victor Yanukovych and his pro-Russia political party,...