The U.K.'s top law enforcement agency will no longer accept incomplete request forms from banks seeking approval to process transactions potentially violating legislation against financial crime and terrorism.
Foreign banks and companies will only reenter the Iranian market upon the finalization of a comprehensive, permanent nuclear agreement with the country, U.S. officials said Tuesday.
Lawmakers should press ahead with Iran sanctions bills despite pressure to put off new restrictions while American and Iranian officials hold nuclear talks, according to David Ibsen, executive director of United Against Nuclear Iran.
A decision by the U.S. Second Circuit Court of Appeals affirming sanctions against Jordan's largest bank for not turning over data on suspicious accounts could leave some financial institutions with an unwanted choice, say attorneys.
Norway is giving Cyprus $1.3 million to boost its AML regime, Japan plans to restrict money transfers involving North Korea should the Asian nation move ahead with plans to test a nuclear weapon, and more, in the midweek roundup.
A ruling by a U.S. District Court dismissing a case against a Jordanian bank accused of supporting Hamas won't likely resolve whether banks are liable for the terrorist actions of clients they no longer serve.
An Iranian bank's legal challenge to British and EU sanctions is an issue of "public importance" meriting the consideration of additional justices, the U.K. Supreme Court ruled Thursday.
Congressional leaders struck a deal Thursday to reauthorize several controversial powers of the Patriot Act though June 1, 2015, including a provision that allows investigators to seize "tangible" records from financial institutions, the New York Times reported.
Recent congressional disclosures and leaked diplomatic cables highlight the difficulties the United States faces in convincing even stalwart allies to enforce economic sanctions against Iran, say analysts.
A U.S. District Court judge's decision this week to allow a jury to assume that a Jordanian bank knowingly processed transactions funding suicide bombings could galvanize separate lawsuits targeting banks.