Midweek Roundup: US Lawmakers Prepare Iran Sanctions Bills, Justice Department Questions HSBC’s Compliance Controls, and More

Rep. Ed Royce (R-CA) and Rep. Eliot Engel (D-NY) are crafting new Iran sanctions legislation despite White House concerns that the imposition of additional sanctions targeting Iran's nuclear program could imperil ongoing multilateral negotiations with the Islamic Republic, Al-Monitor reported Wednesday. The Senate is expected to introduce its own measure within days. More A U.S. independent monitor is set to report to the Justice Department this month that HSBC's anti-money laundering systems are still deficient despite millions of dollars of compliance upgrades, The Wall Street Journal reported Monday. HSBC contends that it is on schedule to meet deadlines set out...