Midweek Roundup: Germany Tells Piraeus Bank to Improve Compliance, Paraguay Investigates Banco Nacional de Fomento, and More

Germany's financial supervisor ordered the domestic branch of Greek lender Piraeus Bank to bolster its anti-money laundering controls, Reuters reported. More Paraguay's central bank is investigating alleged AML compliance lapses at Banco Nacional de Fomento after a businessman named in Brazil's sprawling 'Car Wash' graft probe received $42 million in accounts he held at the lender, Wochenblatt reported. More Jersey's financial supervisor imposed £700,000 in total fines on three interlinked firms found to have repeatedly breached their AML obligations, Jersey Evening Post reported. More Norwegian authorities dropped their investigation into domestic lender DNB's alleged facilitation of corrupt payments that an Icelandic firm allegedly funneled to Namibian officials...