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Weekly Roundup: 14 Indicted on Hawala-Related Terror Finance Charges, and More
printThe announcement of potential enforcement actions against two prominent financial institutions for alleged violations of U.S. sanction laws dominated the news this week. But one terrorist financing case involving hawalas also made waves. More The U.S. Department of Justice indicted 14 people for allegedly providing money and personnel services to the Somali terrorist group al-Shabaab on Tuesday. Several of those charge used telephones and hawalas to send and receive funds, according to court documents. More Venezuela announced on Monday that it plans to create a public bond market where nationalized companies "can sell securities in bolivars to finance development plans,"...
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Iran's central bank prepares to sue to win back $2 billion in frozen assets, the U.S. Treasury Department blacklists the heads of a money laundering ring based in Panama and Colombia, and more, in this week's news roundup.
Bank Julius Baer acknowledges that it is the subject of a U.S. tax evasion investigation, four individuals allegedly involved in a $300 million money laundering scheme are under investigation by Kuwaiti authorities, and more, in this week's roundup.
The Justice Department launches investigations into three Israeli banks and continues its probe into the financial network of R. Allen Stanford, in this week's news roundup.
Afghanistan arrests two former top bank officials for alleged graft, Taiwan brings corruption charges against a second former president and FATF advises countries on how to evaluate the risks of alternative financial service providers, in this week's news roundup.
President Obama signed a renewal of the Patriot Act into law late Thursday and the U.S. State Department cracked down on international companies for their ties to Iran, in this week's news roundup.
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Dubai fines the UAE arm of E-Trade, and a source familiar with the U.S. Justice Department investigation of HSBC says that prosecutors may target individual bankers, in this week's news roundup.
The White House targets top Syrian officials for human rights violations as the United Nations mulls naming countries that haven't enforced Libyan sanctions, in this week's news roundup.
Antiguan officials are questioning the U.S. decision to shut down an online gambling Web site, and Indonesia investigators say that potential AML violations at Citibank may be tied to an embezzlement case, in this week's news roundup.
The OTS dings an Indiana bank for BSA violations as RBS gets an extension on its deal with the U.S. Justice Department, in this week's news roundup.
Switzerland freezes former Egyptian President's funds, IRS grants tax evaders another opportunity to come clean, and more, in this week's roundup.
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Former Ukraine Prime Minister Pavel Lazarenko wins appeal, President Obama extends sanctions against Sudan, and more, in this week's roundup.
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Weekly Roundup: Italy Investigates Vatican Priests, Afghanistan to Audit All Private Banks, and More
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