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Midweek Roundup: Supreme Court Rules on ‘Untainted’ Asset Seizures, China Rises as Money Laundering Destination, and More
printThe U.S. Supreme Court ruled that it is unconstitutional for the government to seize "untainted" assets from suspected criminals if doing so prevents the individuals from hiring attorneys of their choosing, the Washington Post said. More HSBC's independent compliance monitor has identified a number of potential regulatory lapses at the institution, including transactions linked to exports to Iran and Syria and the opening of an account for a suspicious client in Mexico, Dow Jones reported, citing an unnamed source. The bank remains under the terms of a 2012 deferred prosecution agreement with the U.S. Justice Department. More Criminals from around...
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