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Midweek Roundup: White House Vows to Veto Cuba Bill, Hong Kong Banks Face Possible AML Fines, and More
printThe White House on Tuesday threatened to veto House Commerce and Transportation appropriations bills that contain riders that would roll back the administration's Cuba policies, NBC News reported. The measures would prohibit certain exports and restrict travel to Cuba. More Credit unions are increasingly vulnerable to money laundering, The Wall Street Journal reported Tuesday after reviewing an unpublished U.S. Treasury Department report. The trend is partly driven by the failure of money services businesses to obtain bank accounts. More The U.S. Financial Crimes Enforcement Network fined money services business King Mail & Wireless Inc. and its owner Ali Al Duais...
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