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Midweek Roundup: Three Financial Institutions Disclose AML Probes, U.S. Lawmaker Calls for Investigation of California Properties, and More
printStandard 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...
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U.S. officials are requiring several executives to resign their positions with Commerzbank as part of a DPA, the U.S. has lifted sanctions against Belorussian state-owned energy company Belorusneft, and more, in the midweek roundup.
The Royal Bank of Canada is closing its wealth management offices in Brazil, Chile and other South American nations, Hong Kong's FIU received more than 100 STRs each day in 2014, and more, in the midweek roundup.
Australia's Westpac Banking Corp. is exiting the global remittance business due to regulatory pressure, former Bitcoin Foundation Inc. executive Charlie Shrem was sentenced to two years in prison, and more, in the midweek roundup.
The FFIEC released the latest version of its BSA exam manual, Transparency International published the annual update of its corruption perceptions index, and more, in the midweek roundup.
The United Arab Emirates blacklisted 83 Islamist groups as terrorists, Belgian prosecutors charged HSBC's Switzerland-based private banking unit with "serious and organized" fraud, and more, in the midweek roundup.
Standard Chartered plans to close as many as 100 of its branches next year in Asia, Africa and the Middle East, the Central Bank of Russia expects capital flight from the country to reach $128 billion in 2014, and more, in the midweek roundup.
German exports to Iran in the first eight months of this year rose 33 percent over the same period last year, Spanish singer Isabel Pantoja has been sentenced to two years imprisonment for laundering public funds illegally obtained by her ex-boyfriend, and more, in the midweek roundup.
Over 50 government officials in Spain were arrested on suspicion of operating a massive corruption network, India's Supreme Court granted investigators access to the names of over 600 Indians suspected of hiding untaxed income, and more, in the midweek roundup.
Russian lender VTB Bank will reduce its presence in London and New York in response to Western sanctions, Peru is planning to create a special commission to investigate claims that over 100 government officials have drug ties, and more, in the midweek roundup.
Two U.K.-based directors of HSBC are set to resign, the EU is ready to toughen sanctions against Russia if the situation in Ukraine deteriorates, and more, in the midweek roundup.
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U.S. and EU officials are considering asset freezes and travel bans on the leaders of rebel groups in Libya, India's Reserve Bank issued simplified due diligence rules for low-risk customers, and more, in the midweek roundup.
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