News

Ken Blanco will soon step down from directing the U.S. Treasury Department's Financial Crimes Enforcement Network to lead Citibank's anti-financial crime compliance program, and will be replaced on a temporary basis by Michael Mosier, a senior Treasury official who has served as the bureau's deputy director, The Wall Street Journal reported. More Italian prosecutors are pursuing fraud and money laundering charges against domestic lenders Banco BPM, its subsidiary Banca Aletti, UniCredit and Monte dei Paschi, jewelry broker IDB and 105 individuals for allegedly conspiring to peddle hugely inflated investments in diamonds to unwitting clients, Reuters reported. More U.S. officials revoked...