Midweek Roundup: Vatican Agrees to Share Data with FinCEN, China Severs Ties to North Korean Bank, and More

The Bank of China closed an account maintained for North Korea's Foreign Trade Bank, an institution blacklisted by the United States in March after officials accused the institution of aiding the Asian nation's nuclear program. The move marked China's "first significant step" towards curbing business with North Korea, Reuters said. More The Vatican and the U.S. Treasury Department's Financial Crimes Enforcement Network agreed to share financial information with each other to better combat money laundering and terrorist financing, The Wall Street Journal reported Tuesday. The Vatican is looking to pen similar agreements with at least 20 other nations, according to...