Midweek Roundup: Wells Fargo Banker Laundered Fraud Profits in Fake US Accounts, Russia to Respond to US Sanctions, and More

A court on the Caribbean island of Saint Maarten ruled in two separate but related cases that RBC Royal Bank must continue its relationships with nine casinos and ordered the lender to pay for monetary damages caused by closing their accounts to mitigate compliance risks, Daily Herald reported. More A U.S. federal court jailed Wells Fargo's former Glendale branch manager and two associates for scamming trademark holders out of nearly $2 million and laundering the proceeds through fake bank accounts before using false identities to withdraw the funds in cash and cashier's checks, the Los Angeles Times said. More and...