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Midweek Roundup: Hong Kong Weighs in on Standard Chartered Penalty, U.K. Banks Add AML Pros, and More
printA Northern Mariana Islands hotel employee was permanently banned from working in financial services and agreed to pay a $5,000 fine to the Financial Crimes Enforcement Network (FinCEN). George Que, a VIP services manager at the Tinian Dynasty Hotel & Casino, helped high-end gamblers evade currency reporting requirements and agreed not to file suspicious activity reports, according to a FinCEN action released Wednesday. More In response to New York's decision to limit Standard Chartered Bank's U.S.-dollar clearing services for high-risk clients in Hong Kong, the special administrative region's de facto central bank defended its anti-money laundering rules and said it...
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