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Midweek Roundup: U.K. Requests for Compliance Changes Rise, Sands China Faces Allegations of Mafia Ties, and More
printFormer Virginia Governor Robert McDonnell was sentenced Tuesday to two years in prison after a jury convicted him of having violated wire fraud and public corruption statutes while in office. From 2011 to 2013, McDonnell and his wife, Maureen McDonnell, accepted $170,000 from a Virginia entrepreneur in exchange for arranging meetings with other public officials and encouraging product endorsements. McDonnell routed the bribes through relatives and legal entities to avoid reporting requirements. More The former chief executive officer of Sands China Ltd. is contending that undisclosed reports on the casino operator's purported ties to Chinese organized crime will expose it...
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Israeli police are investigating former Prime Minister Ehud Barak on suspicion of hiding millions of dollars in undeclared, taxable income, Russia will resume weapons sales with Iran regardless of whether U.S. lawmakers approve the nuclear accord, and more, in the midweek roundup.
White House officials are mulling over whether to sanction Chinese hackers for theft of government records on 4-million employees, Sepp Blatter faces interrogation in the FIFA corruption probe, and more, in the midweek roundup.
Money laundering investigations in Spain have increased by 51 percent in the last three years, New York Judge John Gleeson ordered HSBC to detail its progress in meeting the terms of a DPA, and more, in the midweek roundup.
Switzerland is set to return roughly $19 million in confiscated assets to Brazil, China has received over 100 leads on the whereabouts of fugitive former officials accused of financial crimes, and more, in the midweek roundup.
Commerzbank's Luxembourg wing will close the accounts of 400 suspected tax evaders, The Vatican signed a bilateral agreement with Italy to exchange financial data, and more, in the midweek roundup.
The EU is expected to blacklist 40 Iranian shipping companies for a second time following court rulings, few Australian companies are disclosing instances of foreign bribery and other forms of corruption, and more, in the midweek roundup.
Spanish authorities are investigating half a dozen former Venezuelan officials for laundering kickback money through Banca Privada d'Andorra, Thai officials are considering new AML legislation, and more, in the midweek roundup.
British officials have collected 100 million pounds in revenue thus far from a tax on corporate-owned luxury homes that took effect last year, India revised its list of money laundering predicate crimes to include income tax evasion, and more, in the midweek roundup.
The EU postponed the designations of 19 people and nine entities deemed responsible for instability in Ukraine, Iran will push for the removal of banking and trade restrictions imposed against it in upcoming nuclear negotiations with the U.S., 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.
A deal to end longstanding sanctions against Iran is unlikely to come together ahead of a Nov. 24 deadline, some banks in Hong Kong are turning away American taxpayers because of FATCA requirements, 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.
Eleven employees of Bahrain-based UAE Exchange were found guilty of laundering $930 million, a committee of Swiss lawmakers is lobbying for a referendum that could strengthen Switzerland's bank secrecy laws, and more, in the midweek roundup.
Swiss authorities froze the assets of nine associates of Ukraine's former President Viktor Yanukovich, Chinese nationals are increasingly using state-backed bankcards to circumvent currency restrictions, and more, in the midweek roundup.
Russias central bank revoked the licenses of three banks, the U.S. State Department published its annual International Narcotics Control Strategy report, and more, in the midweek roundup.
Some criminals in Australia are using Bitcoin to launder the proceeds of drug shipments, Cambodia approved new legislation that strengthens the mechanisms for freezing terrorist assets, and more, in the midweek roundup.