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Midweek Roundup: Swiss Bank Fined, DOJ Declines Case, and More

Swiss authorities fined Pictet 2 million francs for handling funds linked to a sprawling corruption scandal in Brazil and imposed a six-month suspended sentence on a former manager of the private bank for laundering money, Reuters reported. More and More The U.S. Justice Department chose not to prosecute White Deer Management after the private equity firm self-disclosed a Texas-based subsidiary's violations of sanctions and export controls, Hoodline reported. More and More The subsidiary, Unicat Catalyst Technologies, agreed to pay almost $4 million to address the sanctions violations, the U.S. Office of Foreign Assets Control announced. More The speed with which...

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