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Midweek Roundup: Senate Approves Iran Sanctions, Filipino Chief Justice Denies Money Laundering, and More
printThe Senate approved Monday the Iran Sanctions, Accountability and Human Rights Act of 2012, a measure that would impose U.S. sanctions on the parent companies of foreign subsidiaries transacting with Iran, and require businesses to report Iran-related activity to the Securities and Exchange Commission. More Rep. Ileana Ros-Lehtinen (R-FL) welcomed the Senate's passage of the measure but called on House members to further strengthen it. More The bill's advancement coincides with intergovernmental negotiations with Iran over its nuclear program. The Swiss state prosecutor is investigating a group of unidentified Libyans and Syrians connected to Syrian President Bashar al-Assad for allegedly...
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Uruguay's central bank released a national action plan aimed at curbing money laundering, the Philippines President signed two laws that strengthen the nation's AML and counterterrorist financing regimes, and more, in the midweek roundup.
Armenia's former Prime Minister and recently-elected parliament member Vartan Oskanian is accused of laundering money, a Swiss advocacy group is suing UBS AG for its ties to a corrupt Malaysian politician, and more, in the midweek roundup.
The son of former Zambian President Rupiah Banda was arrested for allegedly laundering money, investigations reveal that two sons of ex-Egyptian President Hosni Mubarak engaged in money laundering and corrupt practices, and more, in the midweek roundup.
Law enforcement officials in Northern Ireland arrested eight individuals for alleged money laundering, organized crime groups in the U.K. are using litigation and alternative dispute resolution to launder illicit proceeds, and more, in the midweek roundup.
The European Union is set to impose tougher sanctions against Iran if it continues with its nuclear program, a former advisor of ex-French President Nicolas Sarkozy has been accused of laundering illegal campaign donations, and more, in the midweek roundup.
Prosecutors in South Korea requested an arrest warrant for the nation's former Knowledge Economy Vice Minister for alleged money laundering, a Philippines Senator pressed lawmakers to expedite the passing of laws that will boost the country's AML regime, and more, in the midweek roundup.
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France approved an investigator's request for an arrest warrant for the son of Equatorial Guinea's President Teodoro Obiang Nguema on money laundering charges, Uganda's Parliament is pushing to pass an anti-money laundering and counterterrorist financing bill, and more, in the midweek roundup.
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