Three advocacy groups sued BNP Paribas in a French court for allegedly facilitating more than $1 million in arms sales to Rwanda's Hutu-led government in 1994 despite an arms embargo levied by the United Nations in response to the genocide of Tutsi citizens, the Associated Press reported. More and More A U.S. federal court dismissed a lawsuit accusing Deutsche Bank of concealing problems with its anti-money laundering program that allegedly enabled a $10 billion "mirror trade" scheme originating from the lender's securities branch in Moscow, Reuters said. More Two former White House officials said U.S. President Donald Trump plans to...
U.K. and French tax investigators uncover an alleged £440 million scheme to launder alcohol-fraud profits, U.S. special prosecutor focusing on allegedly illicit transactions by associates of President Donald Trump, and more, in this week's roundup.
U.S. lawmakers renew calls for Deutsche Bank to disclose anti-money laundering data on President Donald Trump, HSBC chooses artificial-intelligence firm to augment compliance efforts, and more, in this week's roundup.
FIFA executives allegedly give themselves almost $80 million in pay raises and bonuses, Swift warns banks with weak cybersecurity that they might be denied access to its messaging system, 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.
Iran's nuclear chief said that the country is on schedule to meet its commitments under the JCPOA, U.S. Bancorp disclosed that it has entered into a consent order with the OCC, and more, in this week's roundup.
New York Gov. Andrew Cuomo reportedly seeks to rein in the state's banking regulator, Deutsche Bank sets aside over $1.3 billion for compliance-related penalties and litigation, and more, in this week's news roundup.