News
Midweek Roundup: OFAC Licenses Airbus Exports to Iran, US Lawmakers Want Pakistan Blacklisted, and More
printRelated News
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 EU's highest court upheld sanctions levied last year against Russia-based weapons manufacturer Almaz-Antey, U.S. senators called for new sanctions against senior Venezuelan officials, 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.
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.
The U.K. FCA levied 27 enforcement actions against individuals in 2015, U.S. and U.K. authorities are investigating whether "mirror trades" conducted by Deutsche Bank's equity desk in Moscow helped wealthy Russians violate AML rules, 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.
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.
Swiss private bank Falcon has been blocked from taking on new business in Singapore, Turkey asked FATF members to freeze the assets and bank accounts of the Gülenist Group, and more, in the midweek roundup.
Dozens of U.S. and Cuban officials met with bankers from both nations last month, clients of Switzerland's Banca della Svizzera Italiana withdrew roughly $6.4 billion after news of 1MDB scandal broke, and more, in the midweek roundup.
OFAC admonished but did not fine insurance firms Humana and AXA Equitable Life Insurance for sanctions violations, trade-based money laundering cost the U.S. as much as $2.3 trillion from 2003 and 2014, and more, in the midweek roundup.
Switzerland will soon give U.S. tax officials data on HSBC's private banking operations in the country, British parliamentarians called for the FCA to be stripped of its authority to punish banks, and more, in the midweek roundup.
Iran is weighing a return to global debt markets for the first time since 2002, Switzerland's top prosecutor charged 13 people for allegedly collecting approximately $15.2 million for the Tamil Tigers, and more, in the midweek roundup.
The head of Europol said that money launderers are exploiting Europe's record-levels of human smuggling, Credit Suisse has terminated its onshore booking platform services for clients in Russia, and more, in the midweek roundup.
