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Midweek Roundup: US Contempt Orders Against Chinese Banks Upheld, HSBC Flagged Gupta Family Payment, and More

A U.S. appeals court upheld contempt orders against Chinese lenders Bank of Communications, China Merchants Bank and Shanghai Pudong Development Bank for refusing to give federal prosecutors data on a legal-entity-client allegedly used to funnel funds to a U.S.-blacklisted North Korean lender, the Financial Times reported. More HSBC flagged a $5,000 payment to South African anti-graft chief Busisiwe Mkhwebane in 2014 as part of an internal investigation into the Gupta family, which is at the center of a major corruption investigation tied to former President Jacob Zuma, according to leaked records cited by the Organized Crime and Corruption Reporting Project....

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