News
Midweek Roundup: Bank of America Halts Currency Supply to Angola, Switzerland to Hand Over FIFA Bank Data, and More
printBank of America has cut off its supply of U.S. banknotes to Angola, where Rand Merchant Bank distributed currency from the American lender, Bloomberg reported. The Angolan government attributed a recent dearth of American currency to increased money laundering and terrorist financing risks. More Deutsche Bank Suisse and IHAG Z??rich agreed to pay roughly $31 million and $7 million respectively after admitting to having helped wealthy American clients avoid paying income taxes, the U.S. Justice Department said. More and More Swiss officials have agreed to supply bank account information to U.S. prosecutors overseeing the investigation of 14 FIFA officials charged...
TO READ THE FULL STORY
Related News
Russia plans to investigate whether the Russian nationals named in the Panama Papers violated any laws, officials in the Ukraine will probe President Petro Poroshenko over his ownership of three offshore companies with ties to Mossack Fonseca, and more, in the midweek roundup.
FIFA is investigating former German soccer star Franz Beckenbauer for allegedly participating in a bribery scheme, Credit Suisse and Palantir Technologies CV have cofounded a project to detect potential misconduct by bank employees, and more, in the midweek roundup.
Spanish police searched the Madrid branch of ICBC for alleged money laundering, Ecuador plans to charge national soccer federation president Luis Chiriboga Acosta with money laundering, and more, in this week's 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.
German authorities raided the headquarters of the country's top football association in Frankfurt, regulators in the Netherlands and Dubai have fined Dutch bank ABN Amro $625,000 and $640,000 respectively, and more, in the midweek roundup.
Former U.S. House Speaker Dennis Hastert pleaded guilty to violating federal banking laws by structuring cash withdrawals, residents of China are increasingly using underground banks to transfer funds abroad, 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.
FBI officials and U.S. federal prosecutors are investigating Goldman Sachs' involvement in several transactions tied to 1MDB, HSBC whistleblower Herve Falciani failed to show up for trial in a Swiss court, 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.
Australia's largest banks have told at least 17 virtual currency firms that they will close their accounts, illicit financial flows out of Russia from 1994 and 2012 exceeded $3.2 trillion, 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.
Group of 20 members reaffirmed their commitment to combat terrorist financing, U.S. and EU officials have finalized an agreement to exchange personal data in counterterrorist financing investigations, and more, in the midweek 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.