Midweek Roundup: Austrian Banker Arrested on US Corruption Charges, Germany Reviews ‘FinCEN Files’ SARs, and More

The former chief executive of an Austrian lender and an associate were detained in the U.K. on U.S. charges that they helped Brazilian engineering firm Odebrecht pay hundreds of millions of dollars in bribes to foreign officials and launder funds, Reuters reported. More German authorities are reviewing 59 suspicious activity reports that German lenders filed to the U.S. Treasury Department's Financial Crimes Enforcement Network and subsequently leaked to investigative journalists as part of the "FinCEN Files," a cache of 2,000 SARs, Tagesschau reported. More U.S. state-licensed cannabis firms are raking in higher profits amid widespread legalization and the novel coronavirus...