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Midweek Roundup: Cyprus Revokes FBME’s License, Finra Fines Cantor Fitzgerald for AML Lapses, and More
printFive Swiss banks will pay a collective $219 million to the U.S. Justice Department for aiding tax evaders, under non-prosecution deals disclosed Wednesday. The agreements require J. Safra Sarasin AG, Coutts & Co Ltd., Gonet & Cie, Banque Cantonal du Valais and Banque Cantonale Vaudoise to close accounts held by suspected American tax cheats. More, More, More, More and More An internal review by Deutsche Bank AG has uncovered at least $10 billion in suspicious transactions in its Russian branches, Bloomberg reported. The bank, which is under investigation by the U.S. Justice Department for money laundering violations related to mirror...
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German officials intend to unveil measures to crack down on international tax havens, Brazilian President Dilma Rousseff vowed to fight efforts to impeach her over her alleged role in a massive money laundering scandal, and more, in the midweek roundup.
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.
Bangladesh's central bank said computer hackers siphoned funds from its account at the U.S. Federal Reserve, the U.S. Treasury Department imposed new sanctions on the Lord's Resistance Army and its leader Joseph Kony, and more, in the midweek roundup.
Barclays Plc is reviewing cash transactions linked to its operations in South Africa for signs of money laundering, the IMF concluded that Islamic finance does not pose a greater money laundering threat than that of conventional finance, and more, in the midweek roundup.
FATF gave a largely positive mutual evaluation report on Italy, Transparency International is seeking "social and political sanctions" against FIFA, and more, in the midweek roundup.
U.S. lawmakers mull new Iran sanctions, French officials advocate lifting financial restrictions on Russia, and more, in this midweek news roundup.
Countries around the globe could suspend their economic sanctions against Iran by Monday, the UAE revoked the license of Al Zarooni Exchange for its alleged violation of AML rules, and more, in the midweek roundup.
Sen. Ben Cardin and other lawmakers will seek to extend the soon-to-expire Iran Sanctions Act for another 10 years, Swiss officials have frozen approximately $80 million of assets linked to 14 FIFA officials, 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.
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.
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.