News
Weekly Roundup: AML/CTF Compliance under Trump, HSBC’s Terrorist-Linked Clients, and More
printHSBC maintained accounts for 13 Britons linked to Islamic State and other terrorist groups in Syria, but it is unknown whether law enforcement were aware of this, the Times and the Financial Times separately said, citing a leaked report by the bank's court appointed-monitor. More and More Plans to overhaul the U.K. financial regulator's rulebook will be delayed pending the outcome of Brexit negotiations, the Financial Times reported. More Lithuanian officials are investigating 17 entities identified in documents leaked from Panamanian law firm Mossack Fonseca, including a British Virgin Islands company owned by Vladimir Putin's purported friend and secret accountholder,...
TO READ THE FULL STORY
Related News
Imprisoned former IMF chief may stand trial on new charges, German authorities obtain USB drive with list of potential tax evaders, and more, in this week's roundup.
Sheldon Silver appeals corruption and money laundering conviction, Brazil's "Operation Car Wash" investigation enters new phase, and more, in this week's roundup.
Mexican drug kingpin Joaquin "El Chapo" Guzman has been extradited to the U.S., global banks HSBC and UBS may relocate 2,000 employees out of London due to Brexit, and more, in this week's roundup.
A European court rejected an appeal by UBS to overturn a French court's decision on humanitarian grounds, the United States eased sanctions against Sudan, and more, in this week's roundup.
Bangladesh police suspect that IT employees secretly participated in the Bangladesh Bank $81 million cyberheist, Panama barred Brazilian construction conglomerate Odebrecht from doing business in the nation, and more, in this week's roundup.
Macau's former chief prosecutor has been charged with nearly 2,000 counts of fraud, money laundering and other crimes, former Venezuelan soccer federation head Rafael Esquivel pleaded guilty to money laundering, and more, in this week's roundup.
Russian sports agent Andrey Baranov is the target of a U.S. money laundering investigation, an Italian court will depose four employees of Bank of China that were allegedly involved in transferring roughly $2.5 billion in illicit funds, and more, in this week's roundup.
Brazil's former lower house speaker Eduardo Cunha was arrested for allegedly accepting millions of dollars in bribes, state-run oil firm Petroleos de Venezuela cannot account for $11 billion in funds that have gone missing, and more, in this week's roundup.
French judicial officials will decide in a month whether prosecutors have gathered enough evidence to try the son of Equatorial Guinea's president, Singapore initiated its first-ever terrorism financing case under a 2002 law, and more, in this week's roundup.
Brazils senate suspended President Dilma Rousseff for up to six months while she waits for an impeachment trial, American officials are investigating more than a dozen businesses potentially linked to Brazil's Petrobras scandal, and more, in this week's roundup.