Midweek Roundup: U.S. Mulls Scrapping HSBC Deal, Maldivian Officials Linked to Laundering Scheme, and More

U.S. officials are weighing criminal charges against HSBC in response to alleged trading infractions at its foreign-exchange desk-a move that would effectively negate its 2012 deferred prosecution agreement for anti-money laundering (AML) and sanctions violations, unnamed sources told Bloomberg. More The theft of billions of dollars from Malaysia's 1MDB could not have occurred without the complicity of numerous bankers and AML compliance failures by at least nine financial institutions, unnamed investigators told The Wall Street Journal. The scheme to siphon off the state funds relied at times on pressuring compliance officers. More Data obtained from smartphones and dozens of confidential...