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Midweek Roundup: Former Chair of Mega Bank Charged with Money Laundering, Finra Fines Credit Suisse, and More
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Flat budget for U.S. Treasury Department's counterterrrorist financing and anti-money laundering personnel, Taiwanese bank fined just $33,000 for dozens of compliance failures, and more, in the midweek roundup.
U.S. and U.K. banks consider quantifying regulatory risk posed by President Donald Trump, nonprofit accuses banking regulators of opacity, and more, in the midweek roundup.
Deutsche Bank accused of orchestrating $21 million Israeli tax-evasion scheme, Indian investigators screen 11 million bank accounts for signs of money laundering, and more, in the midweek roundup.
The EU's highest court upheld sanctions levied last year against Russia-based weapons manufacturer Almaz-Antey, U.S. senators called for new sanctions against senior Venezuelan officials, and more, in the midweek roundup.
Russia denies quid pro quo with U.S. President-elect Donald Trump, JPMorgan Chase plans to trim compliance expenditures, and more, in the midweek roundup.
U.S. lawmakers call for federal regulatory guidance on banking cannabis businesses, India's Mumbai Bank is fined less than $1,500 for nearly 500 know-your-customer failures, and more, in the midweek roundup.
New Zealand publish plans to extend AML/CTF obligations to lawyers and accountants, European leaders support extension of sanctions against Russia, and more, in the midweek roundup.
U.K. regulator won't adopt the U.S. system of allowing companies accused of misconduct to supervise their own investigations, another hacking syndicate targets banks through SWIFT, and more, in the midweek roundup.
The U.K. FCA levied 27 enforcement actions against individuals in 2015, U.S. and U.K. authorities are investigating whether "mirror trades" conducted by Deutsche Bank's equity desk in Moscow helped wealthy Russians violate AML rules, and more, in the midweek roundup.
U.S. lawsuits brought by 9/11 victims against Saudi Arabia can proceed after American lawmakers overrode a veto by the Obama administration, federal prosecutors investigating the Standard Chartered's alleged involvement in a bribery scheme in Indonesia, and more, in the midweek roundup.
Reps. Ted Poe and Dana Rohrabacher introduced legislation calling for Pakistan to be blacklisted as a state sponsor of terrorism, financial institutions in Singapore filed over 30,000 STRs in 2015, and more, in the midweek roundup.
Brazilian prosecutors accused former President Luiz Inacio Lula da Silva of being the "top boss" in the massive corruption scandal, Taiwan's banking regulator fined Mega Financial Holding $317,000 for AML compliance failures, and more, in the midweek roundup.
