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Midweek Roundup: Indian Banks Accused of Laundering $275 Million, Russia Faces More US Sanctions but Less EU Penalties, and More
printFourteen cooperative banks in India are under investigation for allegedly laundering around $238 million in illicit funds through other banks and several are accused of laundering nearly $35 million through fraudulent loans to accounts held by corporate entities, according to local media reports cited by the Times of India. More and More Islamic State and other jihadist groups in the Middle East have used online payment services like PayPal and digital currencies such as Bitcoin to disguise efforts to finance operations in Indonesia, according to an Indonesian official cited by The Wall Street Journal. More Dutch prosecutors are pursuing at...
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