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Midweek Roundup: U.K. Fines EFG $6 Million for AML Violations, France Launches Tax Probe of HSBC, and More
printThe United Kingdom's Financial Conduct Authority (FCA) fined Swiss-based EFG Private Bank Ltd over USD $6 million Wednesday for anti-money laundering (AML) violations. The FCA dinged the bank for opening 17 accounts between December 2007 and January 2011 that belonged to customers suspected of criminal activity. More The Eastern District court of New York will soon decide whether a lawsuit alleging that Arab Bank facilitated payments to the families of Hamas suicide bombers and other funds for blacklisted Palestinians can go forward, the Jerusalem Post reported. If the case proceeds, it will be the first terror financing case against a...
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Midweek Roundup: Switzerland to Limit Cash Payments, Horse Meat Sales Linked to Laundering, and More
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