Canada's FIU fined seven financial institutions in the past 10 months for AML violations, the Reserve Bank of India is now required to share suspected money laundering violations with other agencies, and more, in the midweek roundup.
Germany's BaFin is reportedly investigating potential AML violations by Deutsche Bank, a U.K. court could order the British government to pay millions to compensate a blacklisted Iranian bank, and more, in this midweek roundup.
U.S. senators will question representatives from HSBC Holdings Plc and its financial regulator next Tuesday over the findings of an unreleased report outlining concerns about the bank's anti-money laundering compliance program.
Royal Dutch Shell is scrambling to find a way to pay Iran as much $1 billion before European Union and U.S. sanctions take effect, more than $8 billion was smuggled out of Afghanistan last year, and more, in the midweek roundup.
JPMorgan Chase drops a Milan account for the Holy See, Beijing police freeze nearly $800 million tied to at least six "underground" banks, and more.
The State Bank of Pakistan advised financial institutions to conduct enhanced due diligence procedures when establishing business relationships with charities, the OCC disclosed two separate consent orders for AML deficiencies, and more, in the midweek roundup.
The Financial Action Task Force said that China has improved its AML and counterterrorism financing regime, Saudi Arabia approved new AML and cyber crime prevention legislation, and more, in the midweek roundup.
Toronto Dominion Bank will pay $170 million to victims of South Florida Ponzi schemer Scott Rothstein, the U.S. has pressured Dubai-based Noor Islamic Bank to stop processing transactions relating to Iran's oil sales, and more, in the midweek roundup.
Scottish organized crime groups are eyeing the renewable industry as a potential source for money laundering operations, Japan agreed to reduce its use of Iranian crude oil by 11 percent, and more, in the midweek roundup.
The OCC dings three banks for AML problems, Argentina publishes new rules related to corruption in soccer clubs, and more in this week's news roundup.
Ireland's central bank announced its top ten priorities for 2012, Thailand faces potential Financial Action Task Force blacklisting, and more, in the midweek roundup.
Efforts by the United Nations to censure Syria fell through, financial institutions in India are using anti-money laundering compliance as a benchmark to measure senior management performance, and more, in the midweek roundup.
France gives the green light to extradite Manual Noriega to Panama, E-Trade Financial Corp. closes Dubai branch, and more, in this week's roundup.
New York State's Governor Andrew Cuomo reveals plans to change the state's financial regulatory system, the OTS slaps Security Federal Savings Bank with a cease and desist order, and more, in this week's roundup.
The Bank of Israel is set to fine two Israeli banks for AML problems, FinCEN and the SEC penalize a brokerage $50,000 and Japan introduces new sanctions against Iran, in this week's news roundup.
Compass Bank became the latest to be fined by the U.S. Treasury Department for sanctions violations and it wasn't a good week for anti-money laundering efforts in Nigeria.
The U.S. Treasury Department penalizes a New York bank for transactions tied to Cuba, Italy arrests 300 in a mafia crackdown and the Asia Pacific Money Laundering Group warns of laundering through carbon emissions schemes, in this week's news roundup.
Canada's FIU hands out two small AML fines, U.S. plans to initiate thousands of new tax evasion cases and actor Sean Connery is tied to a money laundering probe, in this week's news roundup.
Taxes were in the fore of the news this week, and not just because of the annual arrival of the April 15 filing deadline for tax returns. The U.S. Justice Department made headway in four separate cases against 11 suspected tax evaders with accounts at UBS AG and HSBC.
Iran seeks help with its terrorist financing laws on the heels of its inclusion in an international blacklist and investigators in the UAE say they are looking at U.S. credit card companies as part of investigation into the assassination of a Hamas leader, in this week's roundup.