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Midweek Roundup: AML Probe of Deutsche Bank Heats Up, Barclays Freezes Accounts for Russian News Service, and More
printNew York regulators have asked Deutsche Bank to provide more information on a suspected bribe offered to a bank employee in Moscow as part of probe into potential violations of anti-money laundering (AML) rules, according to the Financial Times. More The U.K.'s Financial Conduct Authority has also launched an AML investigation of the matter, the newspaper said. More The U.N. Security Council is preparing a draft resolution to comply with the terms of an international nuclear accord reached Tuesday by Iran and six other nations, Voice of America reported. Member-states could vote on a resolution to amend Iranian sanctions as...
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White House pledges to enforce sanctions against human rights abusers in Russia, U.S. official envisions "two-tier" banking regulations, and more, in the midweek roundup.
Germany is prepared to ease sanctions against Russia within the year, HSBC has implemented new restrictions on the use of safety-deposit boxes at its Hong Kong branches, and more, in the midweek roundup.
Suspended FIFA President Sepp Blatter is under FBI investigation for his possible role in a $100 million corruption scandal, an appeals court upheld a New York federal judge's previous decision to dismiss a lawsuit against Jordan's Arab Bank, and more, in the midweek roundup.
More than $200 million in donations given last year to nongovernmental organizations in Kenya originated from unknown sources, FATF said in a report that terrorist groups are primarily funding themselves through traditional methods, and more, in the midweek roundup.
U.S. lawmakers will seek to impose additional economic sanctions on North Korea, former Nigerian oil minister Diezani Alison-Madueke was arrested on suspicion of corruption and money laundering, and more, in the midweek roundup.
FIFA officials permanently banned former Vice President Jack Warner for his alleged participation in a bribery scandal, China's FIU unit will sign a memorandum of understanding with FinCEN, and more, in the midweek roundup.
The Nevada Gaming Control Board filed a 15-count complaint against Caesars Palace citing AML violations, Switzerland-based Bank La Roche & Co AG agreed to pay $9.3 million to settle tax evasion allegations, and more, in this midweek news roundup.
The European Union will extend sanctions against Russia through March 15, New Mexico's top prosecutor charged Secretary of State Dianna Duran with money laundering, and more, in the midweek roundup.
Caesars Entertainment Corp will pay $20 million as part of a DPA settling alleged money-laundering violations, Sudan will undergo an international review of its AML and CFT controls, and more, in the midweek roundup.
Swiss banking giants Credit Suisse and UBS AG are ramping up their efforts to secure business from wealthy Asian clients, Standard Charted hired former OFAC attorney Steve Munro to direct its sanctions compliance efforts, and more, in the midweek roundup.
Crédit Agricole will set aside an additional $384 million for a potential U.S. settlement of sanctions violations, the IMF recommended that Rwanda step up its efforts to prevent terror financing, and more, in the midweek roundup.
Western Union will commit additional resources beyond the $250 million it spends annually to prevent fraud and money laundering, the Dubai Financial Services Authority fined Arqaam Capital $50,000 for unspecified AML violations, and more, in the midweek roundup.
The United Arab Emirates blacklisted 83 Islamist groups as terrorists, Belgian prosecutors charged HSBC's Switzerland-based private banking unit with "serious and organized" fraud, and more, in the midweek roundup.
Standard Chartered plans to close as many as 100 of its branches next year in Asia, Africa and the Middle East, the Central Bank of Russia expects capital flight from the country to reach $128 billion in 2014, and more, in the midweek roundup.
German exports to Iran in the first eight months of this year rose 33 percent over the same period last year, Spanish singer Isabel Pantoja has been sentenced to two years imprisonment for laundering public funds illegally obtained by her ex-boyfriend, and more, in the midweek roundup.
Over 50 government officials in Spain were arrested on suspicion of operating a massive corruption network, India's Supreme Court granted investigators access to the names of over 600 Indians suspected of hiding untaxed income, and more, in the midweek roundup.
A deal to end longstanding sanctions against Iran is unlikely to come together ahead of a Nov. 24 deadline, some banks in Hong Kong are turning away American taxpayers because of FATCA requirements, and more, in the midweek roundup.
Russian lender VTB Bank will reduce its presence in London and New York in response to Western sanctions, Peru is planning to create a special commission to investigate claims that over 100 government officials have drug ties, and more, in the midweek roundup.
Two U.K.-based directors of HSBC are set to resign, the EU is ready to toughen sanctions against Russia if the situation in Ukraine deteriorates, and more, in the midweek roundup.
Eleven employees of Bahrain-based UAE Exchange were found guilty of laundering $930 million, a committee of Swiss lawmakers is lobbying for a referendum that could strengthen Switzerland's bank secrecy laws, and more, in the midweek roundup.