Midweek Roundup: EU Ministers Plan Stronger AML Supervision, Dutch Bank Anticipates Criminal Penalties, and More

EU finance ministers agreed to draft plans for strengthening oversight of how EU member states enforce anti-money laundering rules following revelations of financial crime scandals in Latvia and Malta, Reuters reported, citing a letter from Portuguese Finance Minister Mario Centeno. More and More Dutch bank ING, which is the subject of a criminal investigation for allegedly engaging in corruption and money laundering, disclosed that it expects more information on the timing of any potential penalties tied to the probe to be revealed later this year, according to Reuters. More Russian Energy Minister Alexander Novak said he met with U.S. Treasury...