News

Union de Banques Arabes et Françaises agreed to pay $8.6 million to the Treasury Department for processing U.S. dollar-denominated transactions for blacklisted Syrian banks, The Wall Street Journal reported. More Wells Fargo announced that the U.S. Office of the Comptroller of the Currency has freed the bank from the terms of a 2015 enforcement action, Reuters reported. More Newly enacted AML reform legislation tasks the Treasury Department with assessing and mitigating the financial crime risks posed by China, The Wall Street Journal reported. More A group of EU lawmakers want to bar U.K. financial institutions from the single market until...