News

U.S. regulators banned an Asia-based executive with Goldman Sachs from the financial services industry after he allegedly failed to alert his superiors that a suspicious financier was shaping the bank's dealings with Malaysia's sovereign fund 1MDB. More ABLV's former chairman and owner is under investigation in Latvia on suspicion of participating in a €50 million money-laundering scheme involving the U.S.-blacklisted lender, the Baltic Times reported, citing De Facto. More U.K. lender Metro Bank hired an outside law firm to review its compliance controls after it discovered transfers from Cuban and Iranian-controlled entities that may have breached sanctions, the Evening Standard...