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Weekly Roundup: Australia’s Commonwealth Bank Accused of AML Breaches, RBS Faces FCA Investigation, and More
printThe Australian financial-crime watchdog said in a statement it is suing Commonwealth Bank of Australia for allegedly allowing four money-laundering syndicates to transfer nearly $80 million to domestic and offshore accounts through its ATMs over a 3-year period, the Guardian reported. More and More Royal Bank of Scotland admitted in a financial report that it is being investigated by the U.K. Financial Conduct Authority for possible anti-money laundering breaches and by international regulators for allegedly processing transactions for a Russian money-laundering scheme over a 4-year period, Law360 reported. More and More U.S. President Donald Trump grudgingly approved legislation that places...
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