News
Midweek Roundup: Taiwan Drops Probe Against Mega Bank, Trump’s Casino Repeatedly Breached AML Rules, and More
printTaiwanese prosecutors said there is no evidence of money laundering at Mega International Commercial Bank, which U.S. authorities fined $180 million last year for failing to report suspicious transactions between its New York and Panama branches, according to Channel NewsAsia. More U.S. Treasury Department records show that President Donald Trump's Taj Mahal Casino in Atlantic City paid a $477,000 fine in 1998 to settle accusations that it repeatedly failed to report transactions above $10,000, a CNN investigation found. More The U.S. Treasury Department in the past year flagged half of the all-cash luxury home purchases in Miami-Dade County made by...
TO READ THE FULL STORY
Related News
White House delays Sudan sanctions decision by three months, President Trump to fill vacant Federal Reserve post, and more, in the midweek roundup.
Portuguese bank suspected of laundering Venezuelan state assets, powerful new global ransomware virus demands payments in Bitcoin, and more, in the midweek roundup.
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. President Donald Trump's key advisor linked to alleged $200 million tax evasion scheme, Iran's Revolutionary Guard Corps allegedly agreed to resume financing Hamas, and more, in the midweek roundup.
U.K. regulator won't adopt the U.S. system of allowing companies accused of misconduct to supervise their own investigations, another hacking syndicate targets banks through SWIFT, and more, in the midweek roundup.
The U.K. FCA levied 27 enforcement actions against individuals in 2015, U.S. and U.K. authorities are investigating whether "mirror trades" conducted by Deutsche Bank's equity desk in Moscow helped wealthy Russians violate AML rules, and more, in the midweek roundup.
U.S. lawsuits brought by 9/11 victims against Saudi Arabia can proceed after American lawmakers overrode a veto by the Obama administration, federal prosecutors investigating the Standard Chartered's alleged involvement in a bribery scheme in Indonesia, and more, in the midweek roundup.
Reps. Ted Poe and Dana Rohrabacher introduced legislation calling for Pakistan to be blacklisted as a state sponsor of terrorism, financial institutions in Singapore filed over 30,000 STRs in 2015, and more, in the midweek roundup.
German officials intend to unveil measures to crack down on international tax havens, Brazilian President Dilma Rousseff vowed to fight efforts to impeach her over her alleged role in a massive money laundering scandal, and more, in the midweek roundup.
Russia plans to investigate whether the Russian nationals named in the Panama Papers violated any laws, officials in the Ukraine will probe President Petro Poroshenko over his ownership of three offshore companies with ties to Mossack Fonseca, and more, in the midweek roundup.
HSBC's independent compliance monitor has identified a number of potential regulatory lapses at the institution, criminals from around the world are increasingly turning to China to launder illicit funds, and more, in the midweek roundup.
FIFA is investigating former German soccer star Franz Beckenbauer for allegedly participating in a bribery scheme, Credit Suisse and Palantir Technologies CV have cofounded a project to detect potential misconduct by bank employees, and more, in the midweek roundup.