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Midweek Roundup: Visa and MasterCard End Crimean Service, China Reaches Out to FinCEN, and More
printVisa and MasterCard have suspended operations in Crimea in response to recently adopted U.S. sanctions that prohibit American companies from providing services in the territory, Reuters reported Friday. More China is seeking a formal agreement with the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) to locate and repatriate looted assets moved to the United States by corrupt Chinese officials, China Daily reported Monday. A FinCEN spokesperson neither confirmed nor denied to Reuters that negotiations are currently underway. More The U.S. Senate will vote on new Iran sanctions legislation in January, The New York Times reported, citing comments delivered Saturday...
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White House officials are mulling over whether to sanction Chinese hackers for theft of government records on 4-million employees, Sepp Blatter faces interrogation in the FIFA corruption probe, and more, in the midweek roundup.
Money laundering investigations in Spain have increased by 51 percent in the last three years, New York Judge John Gleeson ordered HSBC to detail its progress in meeting the terms of a DPA, and more, in the midweek roundup.
Switzerland is set to return roughly $19 million in confiscated assets to Brazil, China has received over 100 leads on the whereabouts of fugitive former officials accused of financial crimes, and more, in the midweek roundup.
Commerzbank's Luxembourg wing will close the accounts of 400 suspected tax evaders, The Vatican signed a bilateral agreement with Italy to exchange financial data, and more, in the midweek roundup.
The EU is expected to blacklist 40 Iranian shipping companies for a second time following court rulings, few Australian companies are disclosing instances of foreign bribery and other forms of corruption, and more, in the midweek roundup.
Spanish authorities are investigating half a dozen former Venezuelan officials for laundering kickback money through Banca Privada d'Andorra, Thai officials are considering new AML legislation, and more, in the midweek roundup.
British officials have collected 100 million pounds in revenue thus far from a tax on corporate-owned luxury homes that took effect last year, India revised its list of money laundering predicate crimes to include income tax evasion, and more, in the midweek roundup.
Capital One Financial Corp. disclosed it had received requests for information from federal prosecutors as part of a money laundering probe, a former Panama Supreme Court judge was sentenced to five years detention after pleading guilty to illicit enrichment, and more, in the midweek roundup.
The EU postponed the designations of 19 people and nine entities deemed responsible for instability in Ukraine, Iran will push for the removal of banking and trade restrictions imposed against it in upcoming nuclear negotiations with the U.S., and more, in the midweek roundup.
Australia's Westpac Banking Corp. is exiting the global remittance business due to regulatory pressure, former Bitcoin Foundation Inc. executive Charlie Shrem was sentenced to two years in prison, and more, in the midweek roundup.
President Obama will sign legislation that imposes further sanctions on Russia, developing countries lost nearly $1 trillion in 2012 to corruption and money laundering, and more, in the midweek roundup.
U.S. and Manhattan officials have added three years to the terms of their original 2012 DPA of Standard Chartered Bank, Israel arrested 28 individuals suspected of facilitating a tax evasion scheme via UBS AG bank accounts, and more, in the midweek roundup.
The United Arab Emirates blacklisted 83 Islamist groups as terrorists, Belgian prosecutors charged HSBC's Switzerland-based private banking unit with "serious and organized" fraud, and more, in the midweek roundup.
Standard Chartered plans to close as many as 100 of its branches next year in Asia, Africa and the Middle East, the Central Bank of Russia expects capital flight from the country to reach $128 billion in 2014, and more, in the midweek roundup.
German exports to Iran in the first eight months of this year rose 33 percent over the same period last year, Spanish singer Isabel Pantoja has been sentenced to two years imprisonment for laundering public funds illegally obtained by her ex-boyfriend, and more, in the midweek roundup.
Over 50 government officials in Spain were arrested on suspicion of operating a massive corruption network, India's Supreme Court granted investigators access to the names of over 600 Indians suspected of hiding untaxed income, and more, in the midweek roundup.
A deal to end longstanding sanctions against Iran is unlikely to come together ahead of a Nov. 24 deadline, some banks in Hong Kong are turning away American taxpayers because of FATCA requirements, and more, in the midweek roundup.
Russian lender VTB Bank will reduce its presence in London and New York in response to Western sanctions, Peru is planning to create a special commission to investigate claims that over 100 government officials have drug ties, and more, in the midweek roundup.
Two U.K.-based directors of HSBC are set to resign, the EU is ready to toughen sanctions against Russia if the situation in Ukraine deteriorates, and more, in the midweek roundup.