Midweek Roundup: Florida Bank Likely to Face Regulatory Fine, Germany Will Review Suspected Russian Laundering in Cyprus, and More

The United States and the European Union are urging reluctant Swiss officials to implement sanctions against Iran's oil industry and central bank, according to Reuters. Switzerland, which requires all transactions with Iran's oil sector to be reported, believe U.S. and EU sanctions go "too far," the news agency said. Since the implementation of the sanctions, Iran's currency and oil market have plummeted. More Doral, FL-based U.S. Century Bank has informed investors that it could pay as much as $400,000 for Bank Secrecy Act violations, South Florida Business Journal reported Wednesday. The fine could cost investors awaiting their share of the...