Midweek Roundup: Swiss Court Blocks Bank Data Transfer to Italy, SEC Accuses Bitcoin Company of Ponzi Scheme, and More

U.K. authorities are investigating allegations that Shell and ENI may have violated anti-money laundering (AML) laws by asking Nigerian officials to help obscure the fact that they were working with former oil minister Dan Etete, Reuters reported. A French court convicted Etete of money laundering related to the acceptance of bribes in 2007. More The growth of wealth among the richest in the world is also increasing the time and money spent by financial institutions required to root out corrupt clients, Reuters reported. Citing the head of a private investment office, the news agency said that the compliance costs of...