News
Midweek Roundup: Spain Fines Banco Santander, Trump Warns Cuba of Sanctions Reversal, and More
printSpanish officials fined Santander Bank €1 million for "serious" anti-money laundering breaches involving a corporate account maintained for a property firm, the lender's subsidiary in Spain, Banesto, Reuters reported. More U.S. President-elect Donald Trump wrote in a tweet following the death of Fidel Castro that he would reimpose sanctions against Cuba if the island-nation doesn't agree to a "better deal," Reuters reported. More HSBC has abruptly closed-and subsequently reopened-four accounts of a longstanding anti-fascist campaign group without explanation, the Guardian reported. More The United Kingdom is unlikely to remain in the European Union's single market after exiting the economic bloc,...
TO READ THE FULL STORY
Related News
Flat budget for U.S. Treasury Department's counterterrrorist financing and anti-money laundering personnel, Taiwanese bank fined just $33,000 for dozens of compliance failures, and more, in the midweek roundup.
U.S. and U.K. banks consider quantifying regulatory risk posed by President Donald Trump, nonprofit accuses banking regulators of opacity, and more, in the midweek roundup.
Russia denies quid pro quo with U.S. President-elect Donald Trump, JPMorgan Chase plans to trim compliance expenditures, and more, in the midweek roundup.
U.S. lawmakers call for federal regulatory guidance on banking cannabis businesses, India's Mumbai Bank is fined less than $1,500 for nearly 500 know-your-customer failures, and more, in the midweek roundup.
New Zealand publish plans to extend AML/CTF obligations to lawyers and accountants, European leaders support extension of sanctions against Russia, and more, in the midweek roundup.
U.K. lawmakers agreed to support the government's deadline to exit the European Union, Hong Kong investigates several brokers suspected of breaching compliance rules, and more, in this week's roundup.
U.S. officials may ease trade and banking restrictions against Iran, Philippine bankers are under U.S. investigation for allegedly laundering as much as $81 million siphoned from Bangladesh Bank, and more, in the midweek roundup.
The European Union imposed further sanctions on Syria, a revised peace agreement between Colombian officials and FARC separatists requires the rebels to disclose their assets, 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.
The Kremlin has asked the U.S. Treasury Department to produce proof that Russian President Vladimir Putin is corrupt, a U.N. panel advised the Security Council to place travel bans and asset freezes on South Sudan's president, and more, in the midweek roundup.
The U.S. Office of the Comptroller of the Currency is preparing an enforcement action against the Bank of China, Guernsey is looking to raise the cap on AML fines, and more, in the midweek roundup.
Countries around the globe could suspend their economic sanctions against Iran by Monday, the UAE revoked the license of Al Zarooni Exchange for its alleged violation of AML rules, and more, in the midweek roundup.