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Midweek Roundup: EU Weighs Capital Market Restrictions for Russia, U.S. Investigates Rabobank, and More
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Israeli police are investigating former Prime Minister Ehud Barak on suspicion of hiding millions of dollars in undeclared, taxable income, Russia will resume weapons sales with Iran regardless of whether U.S. lawmakers approve the nuclear accord, and more, in the midweek roundup.
White House officials are mulling over whether to sanction Chinese hackers for theft of government records on 4-million employees, Sepp Blatter faces interrogation in the FIFA corruption probe, and more, in the midweek roundup.
Switzerland is set to return roughly $19 million in confiscated assets to Brazil, China has received over 100 leads on the whereabouts of fugitive former officials accused of financial crimes, and more, in the midweek roundup.
The EU is expected to blacklist 40 Iranian shipping companies for a second time following court rulings, few Australian companies are disclosing instances of foreign bribery and other forms of corruption, and more, in the midweek roundup.
Spanish authorities are investigating half a dozen former Venezuelan officials for laundering kickback money through Banca Privada d'Andorra, Thai officials are considering new AML legislation, and more, in the midweek roundup.
British officials have collected 100 million pounds in revenue thus far from a tax on corporate-owned luxury homes that took effect last year, India revised its list of money laundering predicate crimes to include income tax evasion, and more, in the midweek roundup.
Capital One Financial Corp. disclosed it had received requests for information from federal prosecutors as part of a money laundering probe, a former Panama Supreme Court judge was sentenced to five years detention after pleading guilty to illicit enrichment, and more, in the midweek roundup.
The EU postponed the designations of 19 people and nine entities deemed responsible for instability in Ukraine, Iran will push for the removal of banking and trade restrictions imposed against it in upcoming nuclear negotiations with the U.S., and more, in the midweek roundup.
Job openings at London-based financial companies rose 67 percent in April, Egypt's President Adly Mansou approved an amendment to the country's AML law, and more, in the midweek roundup.
Singapore agreed to a Model 1 intergovernmental agreement to comply with FATCA, JPMorgan Chase is closing accounts and stopping credit card services for all current and former foreign government officials, and more, in the midweek roundup.
The U.K.'s SFO froze approximately $23 million in an investigation examining alleged corruption in Ukraine, seventy-nine individuals have been arrested in Israel for alleged drug trafficking and money laundering, and more, in the midweek roundup.
Bank and credit union regulators issued 165 enforcement actions in the first quarter of 2014, the United Arab Emirates amended draft AML legislation to expand the number of money laundering offenses, and more, in the midweek roundup.
Mexico will soon draft a sanctions list targeting drug traffickers and money launderers, South Africa's central bank fined four banks for AML deficiencies, and more, in the midweek roundup.
The U.S. Justice Department plans to take creative steps to combat the abuse of virtual currencies, Nigeria risks suspension from FATF if it fails to boost its AML legislation before June 1, and more, in the midweek roundup.
Prominent Bitcoin advocate Charlie Shrem is in plea talks after federal prosecutors accused him of agreeing to help launder over $1 million in bitcoins, Maldives' Parliament approved new AML legislation, and more, in the midweek roundup.
The National Bank of Ukraine is investigating approximately 10 banks for possible money laundering, Nepal's Parliament approved three AML bills, and more, in the midweek roundup.
The son of Equatorial Guinea's President Teodoro Obiang Nguema has been indicted for money laundering in France, Brazilian authorities dismantled a $4 billion money laundering operation, and more, in this week's roundup.
A Miami couple was arrested for alleged money laundering tied to a $35 million fraud scheme, federal prosecutors began jury selection in Austin, TX in a drug money laundering case involving racehorses, and more, in the midweek roundup.
A Guatemalan appeals court upheld a 2011 ruling that cleared ex-President Alfonso Portillo of allegations that he embezzled $15 million, Lithuania needs to boost counterterrorist financing measures and strengthen controls over politically exposed persons, and more, in the midweek roundup.
Mexican cartels are increasingly moving operatives into the U.S. to expand money laundering operations, firms in the United Kingdom have paid over one billion pounds in fines to settle fraud charges since 2007, and more, in the midweek roundup.
