Midweek Roundup: British Tobacco Firm Moved North Korean Profits Through US Banks, US Sanctions Chief Briefs European Bankers, and More

British American Tobacco agreed to pay $508 million for orchestrating a years-long scheme to evade sanctions against North Korea by obscuring the country's links to transactions from U.S. banks, ACAMS reported. More Brian Nelson, head of the U.S. Treasury Department's Office of Terrorism and Financial Intelligence, briefed European bankers, businesses and government officials on the techniques Russia is using to acquire military components and other critical goods restricted by Western sanctions, Reuters reported. More Cypriot officials are frantically trying to step up enforcement of sanctions against Russia to avoid further U.S. designations in their country, the Guardian reported. More...