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Midweek Roundup: U.S. Investigates Portuguese Bank for Money Laundering, FFIEC Publishes Exam Manual, and More
printNew York prosecutors and a federal grand jury are investigating whether the Miami branch of Portugal's Banco Espírito Santo was used by one of its wealthiest clients to launder funds for Derwick Associates, a Venezuelan energy company targeted in a separate U.S. bribery probe, The Wall Street Journal reported Monday, citing anonymous sources. Two of the bank's former executives are suspects in the investigation. More Bank Leumi Le Israel BM is close to securing a $400 million settlement of U.S. federal and state charges that it aided wealthy American tax evaders, Bloomberg reported Thursday. The bank would pay about $270...
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