Midweek Roundup: Former New Orleans Mayor Guilty of Laundering Kickbacks, Germany Promises FATCA Guidance in March, and More

A jury found former New Orleans Mayor Ray Nagin guilty of bribery, money laundering and fraud for his role in a kickback scheme that affected local business contracts and resulted in favorable treatment from his administration, CNN said. The convicted politician accepted hundreds of thousands of dollars in bribes, the jury said. More Authorities in Italy and the United States arrested 26 people alleged to be in the final stages of a plan to smuggle narcotics and weapons from South America to an Italian port, Reuters reported. Investigators accused the group of laundering money for Italy's 'Ndrangheta and New York's...