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Midweek Roundup: Goldman Sachs Avoids Independent Monitor, OFAC Restricts Remittances to Cuba, and More

Goldman Sachs escaped having to hire an independent compliance monitor as part of its $2.9 billion settlement for enabling the theft of billions of dollars from Malaysian state fund 1MDB, Law360 reported. More The U.S. Treasury Department banned U.S. remittances to Cuba that transit through military-controlled entities in the Communist nation. More Western Union shuttered all of its 407 agencies in Cuba in response to the department's crackdown on the global remitter's local partner, Cuban military-owned Fincimex, European Sanctions reported, citing the Cuban government. More Global banks in Hong Kong have welcomed guidance clarifying that officials from the department's Office...

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