News

Midweek Roundup: FinCEN Pitches AML Rules for Investment Advisers, Russian Banks Still Using iPhone Apps, and More

The U.S. Treasury Department' Financial Crimes Enforcement Network unveiled a proposal to subject "certain investment advisers" to anti-money laundering and counterterrorist financing rules, ACAMS moneylaundering.com reported. More Russia's Sberbank and other U.S.-blacklisted Russian lenders have managed to keep their mobile applications available on Apple by hiding them inside fake lending apps that appear to cater only to residents of Western countries, AppleInsider reported. More Banco Santander said in a statement that an internal investigation found no violations of U.S. sanctions following reports that Iran routed funds through the lender's U.K. affiliate in a scheme backed by the country's intelligence services,...

TO READ THE FULL STORY