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Midweek Roundup: Obama to Approve More Russian Sanctions, Bank Supervisors Release Virtual Currency Regs, and More
printPresident Obama will sign legislation that imposes further sanctions on Russia, despite concern it could put the U.S. out of step with its European allies, the New York Times reported Tuesday. In addition to new measures to penalize Russia's military and energy sectors, the bill authorizes funds to beef up Ukraine's military. More and More Former PricewaterhouseCoopers auditor Antoine Deltour appeared before a Luxembourg judge this month to answer charges that he laundered money and stole documents indicating the consultancy's role in arranging tax avoidance schemes for hundreds of multinational companies, La Liberation reported Sunday. More Standard & Poor's lowered...
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The EU is expected to blacklist 40 Iranian shipping companies for a second time following court rulings, few Australian companies are disclosing instances of foreign bribery and other forms of corruption, 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.
Capital One Financial Corp. disclosed it had received requests for information from federal prosecutors as part of a money laundering probe, a former Panama Supreme Court judge was sentenced to five years detention after pleading guilty to illicit enrichment, and more, in the midweek roundup.
The EU postponed the designations of 19 people and nine entities deemed responsible for instability in Ukraine, Iran will push for the removal of banking and trade restrictions imposed against it in upcoming nuclear negotiations with the U.S., and more, in the midweek roundup.
Visa and MasterCard have suspended operations in Crimea in response to recently adopted U.S. sanctions, India's Enforcement Directorate charged five individuals with money laundering, and more, in the midweek roundup.
The United Arab Emirates blacklisted 83 Islamist groups as terrorists, Belgian prosecutors charged HSBC's Switzerland-based private banking unit with "serious and organized" fraud, and more, in the midweek roundup.
Standard Chartered plans to close as many as 100 of its branches next year in Asia, Africa and the Middle East, the Central Bank of Russia expects capital flight from the country to reach $128 billion in 2014, and more, in the midweek roundup.
German exports to Iran in the first eight months of this year rose 33 percent over the same period last year, Spanish singer Isabel Pantoja has been sentenced to two years imprisonment for laundering public funds illegally obtained by her ex-boyfriend, and more, in the midweek roundup.
Over 50 government officials in Spain were arrested on suspicion of operating a massive corruption network, India's Supreme Court granted investigators access to the names of over 600 Indians suspected of hiding untaxed income, and more, in the midweek roundup.
A deal to end longstanding sanctions against Iran is unlikely to come together ahead of a Nov. 24 deadline, some banks in Hong Kong are turning away American taxpayers because of FATCA requirements, and more, in the midweek roundup.
Russian lender VTB Bank will reduce its presence in London and New York in response to Western sanctions, Peru is planning to create a special commission to investigate claims that over 100 government officials have drug ties, and more, in the midweek roundup.
Two U.K.-based directors of HSBC are set to resign, the EU is ready to toughen sanctions against Russia if the situation in Ukraine deteriorates, and more, in the midweek roundup.
Eleven employees of Bahrain-based UAE Exchange were found guilty of laundering $930 million, a committee of Swiss lawmakers is lobbying for a referendum that could strengthen Switzerland's bank secrecy laws, and more, in the midweek roundup.
The Group of 20 nations agreed over the weekend to implement mechanisms to automatically exchange tax information, FinCEN completed its BSA IT Modernization project on schedule and under budget, and more, in the midweek roundup.