Midweek Roundup: Ex-Georgian Leader Accuses Credit Suisse of AML Lapses, EU Official Warns on Russian Bond Sale, and More

Former Georgian Prime Minister Bidzina Ivanishvili filed a criminal complaint accusing Credit Suisse of failing to implement sufficient anti-money laundering (AML) controls and thereby allowing an unnamed former wealth manager at the institution's Geneva branch to conduct fraudulent trades, Bloomberg reported. More Former Brazilian President Luiz Inacio Lula da Silva could escape arrest and imprisonment for alleged money laundering and corruption by accepting a cabinet position in President Dilma Rousseff's administration, The New York Times reported. As a cabinet minister, da Silva could only be tried in Brazil's highest court, which could prolong the case against him for years. More...