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Midweek Roundup: New York to Question Promontory Over Standard Chartered Work, JPMorgan Hackers Linked to Bitcoin Case, and More
printThe U.N. Security Council on Monday endorsed the Iran nuclear accord and agreed to lift sanctions against the Islamic republic. Under the deal, the intergovernmental group can reinstate the restrictions should Iran fail to scale back its nuclear program. More Due to compliance concerns, many global banks would likely hold back from engagement with would-be Iranian clients in the event of a sanctions lift, Reuters said. More On Tuesday, the U.S. Treasury Department imposed sanctions on three Hezbollah leaders and a Lebanese businessman for their alleged role in military operations in Syria. More The EU is separately preparing to blacklist...
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White House pledges to enforce sanctions against human rights abusers in Russia, U.S. official envisions "two-tier" banking regulations, and more, in the midweek roundup.
Germany is prepared to ease sanctions against Russia within the year, HSBC has implemented new restrictions on the use of safety-deposit boxes at its Hong Kong branches, and more, in the midweek roundup.
More than $200 million in donations given last year to nongovernmental organizations in Kenya originated from unknown sources, FATF said in a report that terrorist groups are primarily funding themselves through traditional methods, and more, in the midweek roundup.
U.S. lawmakers will seek to impose additional economic sanctions on North Korea, former Nigerian oil minister Diezani Alison-Madueke was arrested on suspicion of corruption and money laundering, and more, in the midweek roundup.
FIFA officials permanently banned former Vice President Jack Warner for his alleged participation in a bribery scandal, China's FIU unit will sign a memorandum of understanding with FinCEN, and more, in the midweek roundup.
The Nevada Gaming Control Board filed a 15-count complaint against Caesars Palace citing AML violations, Switzerland-based Bank La Roche & Co AG agreed to pay $9.3 million to settle tax evasion allegations, and more, in this midweek news roundup.
The European Union will extend sanctions against Russia through March 15, New Mexico's top prosecutor charged Secretary of State Dianna Duran with money laundering, and more, in the midweek roundup.
Caesars Entertainment Corp will pay $20 million as part of a DPA settling alleged money-laundering violations, Sudan will undergo an international review of its AML and CFT controls, and more, in the midweek roundup.
Promontory Financial Group on Tuesday agreed to pay New York regulators $15 million and forego entering into certain consulting arrangements for the next six months with state-chartered financial institutions.
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.
Crédit Agricole will set aside an additional $384 million for a potential U.S. settlement of sanctions violations, the IMF recommended that Rwanda step up its efforts to prevent terror financing, 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.
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.
Money laundering investigations in Spain have increased by 51 percent in the last three years, New York Judge John Gleeson ordered HSBC to detail its progress in meeting the terms of a DPA, 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.
Germany is looking to introduce "more effective" curbs on terrorist financing, the EU's General Court upheld sanctions on individuals and companies linked to Zimbabwe's government, and more, in the midweek 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.