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Midweek Roundup: 1MDB Launderers Jailed, FinCEN Finalizes Rules, and More

A Swiss court sentenced PetroSaudi executives Tarek Obaid and Patrick Mahony to a combined 13 years in prison for laundering $1.8 billion stolen from Malaysian sovereign wealth fund 1MDB, the Associated Press reported. More The U.S. Financial Crimes Enforcement Network finalized a pair of rules that will subject certain investment advisers to anti-money laundering obligations and require real-estate professionals to report all-cash purchases of U.S. residential properties by legal entities and trusts to the bureau, ACAMS moneylaundering.com reported. More New York's Department of Financial Services fined Nordea Bank $35 million Tuesday after "significant" gaps in the lender's AML program allowed...

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