Midweek Roundup: Three Financial Institutions Disclose AML Probes, U.S. Lawmaker Calls for Investigation of California Properties, and More

Standard Chartered confirmed that it is again facing a probe by the New York State Department of Financial Services for its monitoring of risky clients, The New York Times reported. The investigation comes two years after the institution paid $667 million to the state regulator and federal agencies. More Separately, Capital One Financial Corp. disclosed a New York money laundering probe related to check cashing by commercial business clients, Bloomberg reported. More Oppenheimer Holdings disclosed it expects future enforcement actions from the Securities and Exchange Commission and the Financial Crimes Enforcement Network for violations related to money laundering, penny stocks...