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Midweek Roundup: Lawmakers Expand Wells Fargo Inquiry, Trump Rented Office Space to Bank Melli, and More
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Gambia accuses fugitive ex-president of stealing $50 million and freezes his assets, Andorran bank loses court appeal against designation by U.S. Treasury Department, and more, in the midweek roundup.
The Trump Organization allegedly partnered with corrupt local official to develop hotel in Azerbaijan that never opened, Russia plans to close more banks involved in illicit finance, and more, in the midweek roundup.
Deutsche Bank accused of orchestrating $21 million Israeli tax-evasion scheme, Indian investigators screen 11 million bank accounts for signs of money laundering, and more, in the midweek roundup.
The ex-chairman of Taiwan's Mega International Commercial Bank allegedly moved $7 million in illicit funds through Hong Kong, Russia blames foreign spies for cyberattacks on country's banks, and more, in the midweek roundup.
U.S. officials may ease trade and banking restrictions against Iran, Philippine bankers are under U.S. investigation for allegedly laundering as much as $81 million siphoned from Bangladesh Bank, and more, in the midweek roundup.
Bank of China plans compliance upgrades following New York's enforcement action against competitor, Iran finalizes first contract with Western energy firm, and more, in the midweek roundup.
One in four auditors worldwide say they have been pressured by corporate clients to alter the results of their findings, Hong Kong received nearly 60,000 suspicious transaction reports in the first nine months of 2016, and more, in the midweek roundup.
Several small banks in the U.K. are planning to relocate their operations to the EU by Christmas, London's lead over New York as the world's top financial center has narrowed significantly ahead of the U.K.'s planned departure from the EU, and more, in the midweek roundup.
U.S. lawsuits brought by 9/11 victims against Saudi Arabia can proceed after American lawmakers overrode a veto by the Obama administration, federal prosecutors investigating the Standard Chartered's alleged involvement in a bribery scheme in Indonesia, and more, in the midweek roundup.
Reps. Ted Poe and Dana Rohrabacher introduced legislation calling for Pakistan to be blacklisted as a state sponsor of terrorism, financial institutions in Singapore filed over 30,000 STRs in 2015, and more, in the midweek roundup.
Brazilian prosecutors accused former President Luiz Inacio Lula da Silva of being the "top boss" in the massive corruption scandal, Taiwan's banking regulator fined Mega Financial Holding $317,000 for AML compliance failures, and more, in the midweek roundup.
Mexico's Supreme Court overturned two state anti-corruption laws, former French minister Jerome Cahuzac appeared in court to face allegations of tax fraud and money laundering, and more, in the midweek roundup.
Swift has informed its clients that more financial institutions have fallen victim to cyberattacks tied to its payment messaging service, Japan is calling for the adoption of new U.N. sanctions against North Korea, and more, in the midweek roundup.
German Chancellor Angela Merkel believes the EU should keep sanctions against Russia intact, Brazilian authorities are investigating banking transfers tied to an allegedly fraudulent Olympic ticket-selling scheme, 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.
