Midweek Roundup: UK Compliance Officer Laundered Ł40 Million, Chinese Banks Freeze North Korean Accounts, and More

U.K. authorities jailed Daniel Wood, the former anti-money laundering officer at money transfer firm Omnis Capital FX, for helping criminal organizations wash Â?40 million in European tax-fraud profits through money service bureaus and corporate bank accounts in the United Kingdom and Europe from 2010 to 2011, CornwallLive reported. More Spanish authorities are expanding their money laundering investigation of Industrial and Commercial Bank of China's operations in Madrid to include the lender's EU headquarters in Luxembourg, Reuters said. More The U.N. Security Council unanimously approved new sanctions against North Korea that ban imports of its textiles, cap its fuel supplies and...