News
Midweek Roundup: Trump’s Former Manager Closed Suspicious Accounts in Cyprus, United Kingdom Initiates Brexit, and More
printAnonymous banking sources said U.S President Donald Trump's former campaign chief, Paul Manafort, closed several accounts at Cyprus Popular Bank after they were investigated by the lender's anti-money laundering compliance team in 2012, NBC News reported. More Real estate and law enforcement sources said Manafort's use of shell companies to pay cash for three New York homes from 2006 to 2013 and subsequent borrowing of $12 million against them fits a pattern of money laundering, local PBS affiliate WNYC reported. More U.K. Prime Minister Theresa May formally initiated the 2-year negotiation process for Great Britain to leave the European Union,...
TO READ THE FULL STORY
Related News
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.
Prosecutors subpoenaed records from associates of former national security advisor Flynn, senators ask FinCEN about suspicious activity involving Russia and President Trump, and more in the midweek roundup.
U.K. government to create a global public register of British real estate owners, Guatemalan lawmakers indicted for allegedly laundering millions of dollars through hundreds of shell companies, 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.
Former Brazilian President Luiz Inacio Lula da Silva could escape arrest and imprisonment for alleged money laundering, the governor of Bangladesh's central bank resigned after computer hackers managed to steal $81 million, and more, in the midweek roundup.
Bangladesh's central bank said computer hackers siphoned funds from its account at the U.S. Federal Reserve, the U.S. Treasury Department imposed new sanctions on the Lord's Resistance Army and its leader Joseph Kony, and more, in the midweek roundup.
Barclays Plc is reviewing cash transactions linked to its operations in South Africa for signs of money laundering, the IMF concluded that Islamic finance does not pose a greater money laundering threat than that of conventional finance, and more, in the midweek roundup.
Japan's Financial Services Agency is expected to propose regulating virtual currencies as it does cash, French officials have completed a 5-year investigation of suspected tax evasion at UBS AG, and more, in the midweek roundup.