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Weekly Roundup: Australian Banks Allegedly Launder $4 Million a Day, Iran Reorganizing Companies to Avoid US Sanctions, and More
printLeaked police reports allegedly show that criminal organizations are exploiting anti-money laundering weaknesses in Australia's four largest banks to launder up to $4 million in drug cash each day and may have infiltrated some mid-tier banks, the Sydney Morning Herald reported. More Russian lawyer Natalia Veselnitskaya, who met with Donald Trump Jr. last summer, was allegedly representing a client investigated by U.S. prosecutors for suspected ties to a $200 million scheme to launder Russian fraud proceeds through banks in Switzerland, Cyprus and other nations, sources told Bloomberg. More Capital One Financial, which is currently subject to a 2015 U.S. consent...
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