News
Midweek Roundup: Germany Weighs Cash Cap, U.S. Targets Hezbollah Money Launderers, and More
printU.S. federal investigators disclosed the arrest of members of a Europe-based Hezbollah cell, including Mohamad Noureddine, an alleged money launderer accused of disguising the proceeds of narcotics trafficking through his Lebanon-based company Trade Point International SARL. The U.S. Treasury Department last week blacklisted Noureddine and Hamdi Zaher El Dine, who is also accused of laundering money for Hezbollah. More The German government could unilaterally impose a €5,000 limit on cash transactions if the European Union doesn't agree to an analogous step to address money laundering and terrorist financing, the Associated Press said, citing an official. More HSBC has lost a...
TO READ THE FULL STORY
Related News
Credit Suisse is set to forfeit around $110 million to Italian authorities to settle tax evasion-related charges, the EU is considering sanctions on military and government officials in the Democratic Republic of the Congo, and more, in the midweek roundup.
British regulators criticized Deutsche Bank AG for insufficiently verifying the identities of its clients, Sri Lanka will establish a panel to investigate possible misconduct by citizens whose names appear in the Panama Papers, and more, in the midweek roundup.
Panamanian President Juan Carlos Varela is pushing for the adoption of new transparency rules, Brazil's former soccer chief Ricardo Teixeira allegedly used shell companies to buy a $7.4 million mansion, and more, in the midweek roundup.
The Kremlin has asked the U.S. Treasury Department to produce proof that Russian President Vladimir Putin is corrupt, a U.N. panel advised the Security Council to place travel bans and asset freezes on South Sudan's president, and more, in the midweek roundup.
The U.S. Office of the Comptroller of the Currency is preparing an enforcement action against the Bank of China, Guernsey is looking to raise the cap on AML fines, and more, in the midweek roundup.
Countries around the globe could suspend their economic sanctions against Iran by Monday, the UAE revoked the license of Al Zarooni Exchange for its alleged violation of AML rules, and more, in the midweek roundup.
Criminal gangs in the United Kingdom are recruiting teenagers on Facebook to move illicit funds, the UN and U.S. lawmakers are weighing new sanctions against North Korea, and more, in the midweek roundup.
Sen. Ben Cardin and other lawmakers will seek to extend the soon-to-expire Iran Sanctions Act for another 10 years, Swiss officials have frozen approximately $80 million of assets linked to 14 FIFA officials, and more, in the midweek roundup.
An internal review by Deutsche Bank AG has uncovered at least $10 billion in suspicious transactions in its Russian branches, Cyprus' central bank revoked the license of FBME Bank Ltd for undisclosed reasons, and more, in the midweek roundup.