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Weekly Roundup: BNP Paribas Sued for Alleged Breach of UN Arms Embargo, Deutsche Bank Cleared of Hiding AML Flaws, and More
printThree 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...
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