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Midweek Roundup: U.S. Reportedly Worked with Cartel to Gather Data, JPMorgan to Strengthen Checks on Cash Deposits, and More
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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 IMF found Panama partially compliant or noncompliant with 45 FATF recommendations, Israel's central bank warned that Bitcoin is not considered legal tender, 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.
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.
Saudi Arabia's Council of Ministers approved a bill that strengthens controls over terrorist financing, Austrac fined an MSB Over $200,000 for failing to have its affiliates registered, and more, in the midweek roundup.
Vatican Bank has identified more than 100 suspicious transactions this year, a court sentenced former Goldman Sachs banker Elias Preko to over four years in prison for laundering $5 million, and more, in the midweek roundup.
The FDIC disclosed two consent orders for BSA violations, turmoil related to the Arab Spring has resulted in a rise in Tunisian money laundering, and more, in the midweek roundup.
Switzerland has repatriated $700 million looted by the late General Sani Abacha back to Nigeria, the Philippines' central bank has temporarily suspended KYC requirements for banks serving typhoon Yolanda victims, and more, in the midweek roundup.
Iran's state-owned National Iranian Gas Company could shut its doors due to financial losses, a former Venezuelan state banking official pleaded guilty to money laundering, and more, in the midweek roundup.
Terrorists in West Africa often use drug and weapons trafficking to fund their operations, the SEC entered into its first-ever deferred prosecution agreement with an individual, and more, in the midweek roundup.
