Midweek Roundup: Manhattan DA Launches Unit to Trace Illicit Funds, Russia Withdraws License for Master Bank, and More

New York's District Attorney is funding a new unit to trace the international movement of illicit funds with a portion of the $3 billion garnered through monetary settlement agreements with foreign banks accused of violating economic sanctions, Bloomberg reported. The unit is expected to be operational by the end of the year. More Iran's state-owned National Iranian Gas Company could shut its doors due to financial losses imposed on it by economic sanctions, according to The Wall Street Journal. The sanctions have cut Iran's oil exports by nearly 50 percent since the beginning of 2012, and have resulted in the...