Midweek Roundup: UBS Reprimanded for 1MDB Compliance Failures, Supreme Court to Review Terrorism Lawsuit, and More

Swiss regulators criticized UBS for failing to conduct full background checks on a corporate client and transactions allegedly tied to a corruption and money laundering scheme centered on state fund 1Malaysia Development Bhd., the Financial Times reported. More The U.S. Supreme Court will rule on whether overseas citizens can file lawsuits against U.S.-registered foreign banks for breaches of international law after some 6,000 Middle Eastern plaintiffs appealed an earlier ruling that blocked them from suing Jordan-based Arab Bank for allegedly failing to prevent terrorism financing over a 10-year period, The Wall Street Journal reported. More The U.K. government said in...