Weekly Roundup: Compliance Chief Says HSBC ‘Certain’ to Violate Rules Again, Lebanese Bank Denies Islamic State Ties, and More

Andorra's Criminal Court last year approved the withdrawal of millions of euros by Venezuelan officials from Banca Privada d'Andorra despite allegations by American, Spanish and Andorran authorities that the money had been laundered, PanAm Post reported, citing a March 31 article by El Mundo. The U.S. Treasury Department proposed blacklisting the bank earlier this year. More A federal court approved the terms of a U.S. settlement with Commerzbank AG for sanctions violations related to transactions with Iran, Sudan and other countries and anti-money laundering (AML) infractions stemming from questionable transactions linked to Japan-based Olympus, Reuters said. More The German bank...