A prominent Honduran politician pleaded guilty in a New York federal court Wednesday to participating in a trade-based scheme to help a Central American drug cartel launder their profits through livestock, some of which was then sold as meat in the United States.
For compliance officers charged with monitoring financial crime news, the timing of U.S. Treasury Department sanctions designations last month against Ismael Guerrero and Jose Perales may have seemed odd.
A pair of civil complaints relying on a Colombian insurgent group's ties to Hezbollah could prompt a rise in similar lawsuits and related subpoenas sent to banks, according to legal experts.