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Midweek Roundup: Israeli Intermediaries Get KYC Requirements, HSBC Whistleblower Promises New Revelations, and More
printIndia is set to begin developing Iran's Chabahar port despite U.S. warnings to abstain from doing deals with the Islamic Republic until most sanctions are lifted under the terms of a final nuclear agreement due by June 30, Reuters reported Tuesday. More HSBC whistleblower Herve Falciani said more data on banks assisting tax evaders could be leaked by the end of the year if the "opportunity to act" arises, Reuters reported Sunday. Previously disclosed information is "only the tip of the iceberg," he told El Mundo. More In Texas, four men face federal wire fraud and money-laundering charges for using...
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HSBC's independent compliance monitor has identified a number of potential regulatory lapses at the institution, criminals from around the world are increasingly turning to China to launder illicit funds, 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.
Australia's largest banks have told at least 17 virtual currency firms that they will close their accounts, illicit financial flows out of Russia from 1994 and 2012 exceeded $3.2 trillion, and more, in the midweek roundup.
Group of 20 members reaffirmed their commitment to combat terrorist financing, U.S. and EU officials have finalized an agreement to exchange personal data in counterterrorist financing investigations, and more, in the midweek roundup.
Swiss banking giants Credit Suisse and UBS AG are ramping up their efforts to secure business from wealthy Asian clients, Standard Charted hired former OFAC attorney Steve Munro to direct its sanctions compliance efforts, and more, in the midweek roundup.
Western Union will commit additional resources beyond the $250 million it spends annually to prevent fraud and money laundering, the Dubai Financial Services Authority fined Arqaam Capital $50,000 for unspecified AML violations, and more, in the midweek roundup.
The suspected father-in-law of former Zetas cartel boss Omar Treviño was arrested on criminal conspiracy and money laundering charges, Iraq's parliament is expected to approve an AML bill that will help bring the nation in line with international standards, and more, in the midweek roundup.
U.S. officials extended temporary sanctions relief for Iran through July 10, Nigerian officials are exploring measures to curtail the inflow of undeclared foreign currency into the country, and more, in the midweek roundup.
South Korea's FIU fined Woori Bank nearly $2 million for failing to report around 300 transactions, the United Arab Emirates inked a deal to implement FATCA, and more, in the midweek roundup.
White House officials are mulling over whether to sanction Chinese hackers for theft of government records on 4-million employees, Sepp Blatter faces interrogation in the FIFA corruption probe, and more, in the midweek roundup.
The Holy See will submit information on Americans with Vatican bank accounts to the U.S., German investigators raided Deutsche Bank's headquarters in Berlin on suspicion of tax fraud in securities transactions, and more, in the midweek roundup.
Credit unions are increasingly vulnerable to money laundering, Standard Charted and Barclays have launched internal investigations of payments by FIFA officials, and more, in the midweek roundup.
Uzbekistan has drafted a law intended to crack down on the abuse of offshore jurisdictions, the EU and Switzerland signed an agreement to clamp down on tax cheats, and more, in the midweek roundup.
The EU Parliament officially endorsed the economic bloc's Fourth Anti-Money Laundering Directive, the Cuban government has established a relationship with an unidentified U.S. bank, and more, in the midweek roundup.
The U.S. Federal Reserve Board barred five former Credit Suisse bankers from employment in the banking sector, Europol and Spain's Guardia Civil arrested 32 Chinese citizens suspected of laundering over 300 million euros, and more, in the midweek roundup.
A U.K. regulator advises financial institutions against 'de-risking,' U.S. lawmakers propose more transparency in settlements, and more, in this midweek news roundup.
Switzerland is set to return roughly $19 million in confiscated assets to Brazil, China has received over 100 leads on the whereabouts of fugitive former officials accused of financial crimes, and more, in the midweek roundup.
The EU blacklisted 32 Iranian shipping companies and Tehran-based Bank Tajerat, Westpac, of Australia, became the latest bank to discontinue remittances to Somalia, and more, in the midweek roundup.
Commerzbank's Luxembourg wing will close the accounts of 400 suspected tax evaders, The Vatican signed a bilateral agreement with Italy to exchange financial data, and more, in the midweek roundup.
British officials have collected 100 million pounds in revenue thus far from a tax on corporate-owned luxury homes that took effect last year, India revised its list of money laundering predicate crimes to include income tax evasion, and more, in the midweek roundup.