News
Midweek Roundup: U.S. Investigators Fear Decline in Mexico’s Cooperation, IMF Outlines Panama’s Bevy of AML Problems, and More
printSome U.S. officials are concerned that a sharp drop in extraditions from Mexico and a decision by the administration of President Enrique Pena Nieto to scale back the country's participation with the U.S.-funded Merida Initiative signals a long-term loss of intelligence on drug cartels, the Washington Post reported. More The U.S. Treasury Department Wednesday blacklisted eight individuals and five entities in Colombia for their alleged roles in aiding the Revolutionary Armed Forces of Colombia (FARC) and Mexico's Los Zetas and Sinaloa cartels. One of the individuals, Fernain Rodriguez Vasquez, ran an international drug trafficking and money laundering organization that exported...
TO READ THE FULL STORY
Related News
Mexico will soon draft a sanctions list targeting drug traffickers and money launderers, South Africa's central bank fined four banks for AML deficiencies, and more, in the midweek roundup.
The U.S. Justice Department plans to take creative steps to combat the abuse of virtual currencies, Nigeria risks suspension from FATF if it fails to boost its AML legislation before June 1, and more, in the midweek roundup.
Prominent Bitcoin advocate Charlie Shrem is in plea talks after federal prosecutors accused him of agreeing to help launder over $1 million in bitcoins, Maldives' Parliament approved new AML legislation, and more, in the midweek roundup.
The National Bank of Ukraine is investigating approximately 10 banks for possible money laundering, Nepal's Parliament approved three AML bills, and more, in the midweek roundup.
The son of Equatorial Guinea's President Teodoro Obiang Nguema has been indicted for money laundering in France, Brazilian authorities dismantled a $4 billion money laundering operation, and more, in this week's 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.
The U.S. Treasury Department blacklisted an Afghan national and his money transfer business, Germany will publish FATCA guidance by the end of March, and more, in the midweek roundup.
Mexicos Sinaloa cartel is expanding its drug sales in Hong Kong, the U.S. Treasury Department blacklisted three members of the Pakistan-based Haqqani Network, and more, in the midweek roundup.
The U.S. Treasury penalized the Bank of Moscow for doing business with Iran's Bank Melli, Sen. Grassley vowed to grill the Justice Department about it's plan to allow banking for marijuana distributors, the U.N. voted to ban ransom payments to terror groups, and more.
The Vatican Bank asked Italy to drop financial sanctions implemented in 2010, St. Maarten officials arrested Patrick Illidge, a lawmaker in the country, for allegedly laundering bribes, and more, in the midweek roundup.
U.S. House leaders will pick up a Senate bill that would impose new sanctions against Iran, German tax authorities are investigating over 100 clients of the Swiss arm of Israel's Bank Leumi, and more, in the midweek roundup.
Turkey's state-owned Halkbank plans to continue processing oil and gas payments on behalf of Iran, French authorities are investigating the comedian known as Dieudonné for allegedly laundering money, and more, in the midweek roundup.
Iranian authorities arrested a businessman blacklisted by the United States for corruption charges, Latvia's adoption of the euro will likely result in an influx of dirty money in the European Union, and more, in the midweek roundup.
A former Ohio deputy treasurer pleaded guilty to bribery and money laundering, Malta's financial intelligence unit is planning to conduct a national risk assessment, and more, in the midweek roundup.