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Weekly Roundup: ABN Amro Sale Postponed, China Launches New Anti-Corruption Drive, and More
printDutch lawmakers have postponed the sale of ABN Amro Group NV following allegations of unspecified misconduct by bank staff in Dubai, among other issues, Bloomberg reported Friday. A bank spokesperson cited by the agency said that an internal review did not produce evidence of money laundering or fraud. More China's new anti-corruption campaign Sky Net, which launched Thursday, will target corrupt proceeds stashed at home or overseas by officials from a much broader scope of government ministries than its predecessor, Fox Hunt 2014, Xinhua reported. More Visa will miss Russia's April 1 deadline to transfer transactions to a local payment...
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Canada's Innovation Minister Navdeep Bains said the country is considering lifting sanctions against Iran, UBS AG has agreed to fully cooperate with French officials investigating possible tax evasion involving as much as $13 billion, and more, in this week's roundup.
Chinese authorities are investigating managers of Swiss elevator firm Schindler on suspicion of embezzlement and bribery, former Detroit treasurer Jeffrey Beasley was sentenced to 11 years in prison for running a bribery and kickback scheme, and more, in this week's roundup.
Switzerland will soon adopt a law to expedite the return of stolen assets held in Swiss bank accounts, India and Germany have agreed to enhance the exchange of tax-related information, and more, in this week's roundup.
Weekly Roundup: FIFA Official Extradited, UniCredit to Settle Tax Investigation in Germany, and More
UniCredit is set to pay millions of euros to German authorities to settle two different tax probes, as much as 25 percent of the funds used in Guatemalan politics originates from drug trafficking and other criminal groups, and more, in this week's roundup.
The Justice Department and Privatbank Von Graffenried AG signed a non-prosecution agreement that will see the Swiss financial institution pay $287,000, the Bank of Israel fined Bank Leumi Ltd. over $1 million for failing to report unusual transactions, and more, in this week's roundup.
The U.S. Treasury Department lifted sanctions on Privredna Banka Sarajevo AD, a U.K. report called for the extension of the jurisdiction's Senior Managers Regime to the securities industry, and more, in this week's roundup.
Royal Bank of Canada said that a French judge has dropped money-laundering charges against its Bahamas branch, Panama's legislature approved a bill that will impose AML requirements on over a dozen nonfinancial sectors, and more, in this week's roundup.
The Obama administration steps up its congressional lobbying ahead of a possible Iran sanctions deal, House lawmakers say they will investigate terrorist financing with a new taskforce, and more, in this week's news roundup.
France's financial state prosecutor is seeking a criminal trial of HSBC's Switzerland-based private banking arm, China's yuan now accounts for roughly 80 percent of global Bitcoin transactions, and more, in this week's roundup.
An expected U.S. settlement with Commerzbank AG could come as soon as next week, roughly $572 million of Moscow-based Bank Rossiya's assets have been blocked in the U.S. since sanctions took effect, and more, in this week's roundup.
The FDIC published a consent order against Tri-State Bank of Memphis, Germany is investigating the Swiss-based private banking division of Coutts for potential violations of tax evasion laws, and more, in this week's roundup.
The EU extended sanctions against Zimbabwe, the OCC disclosed two enforcement actions for AML deficiencies, and more, in this week's roundup.
Tunisia will investigate 256 of its citizens who have secret HSBC accounts in Switzerland, Canada's Supreme Court ruled that lawyers should be exempt from filing STRs on their clients, and more, in this week's roundup.
EU officials are expected to blacklist nine entities and nine individuals for their alleged roles in ongoing insurgency in Ukraine, Al-Shabaab and other terrorist organizations may be using companies in South Africa to transfer funds, and more, in this week's roundup.
Islamic State is using Bitcoin and the Dark Web to recruit and fundraise, European Union leaders are mulling blocking Russia from Swift, and more, in this week's roundup.
Iran has generated $4.6 billion in revenues in the first six months of this year as a result of temporary sanctions relief, the former chairman of the Cayman Islands' Health Services Authority is accused of money laundering, and more, in this week's roundup.
Singapore will bolster client identification requirements for exchangers of digital currency, Hong Kong's fifth richest man was sentenced to five years in jail for bribery and money laundering, and more, in this week's roundup.
Argentina extended a tax amnesty program for residents who haven't declared foreign currency, Ecuadorean authorities are investigating fraud and money laundering associated with the use of Venezuela's sucre, and more, in this week's roundup.