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Weekly Roundup: Court Upholds Spanish AML Penalty Against Gibraltar Bank, Austria Consents to EU Information Swap, and More
printA Las Vegas-based company became the first in the U.S. to offer online poker on Tuesday, the Miami Herald reported, adding that New Jersey and Delaware have also legalized online gambling and are expected to offer Internet gaming before the end of the year. Industry experts contend money strapped states will turn to online gambling for tax revenue. More The European Court of Justice rejected a Gibraltar bank's request to overturn a fine related to its refusal to grant Spanish authorities access to transaction information allegedly linked to money laundering, according to Friday's Olive Press. Jyske bank appealed to the...
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The OECD says Portugal needs to better enforce its anti-bribery laws, the U.S. Treasury Department voices concerns about Iranian investments in Georgia, and more, in this week's news roundup.
The vice-governor of Austria's central bank and eight others were charged with bribery and money laundering, ten money services businesses were raided by police in London on suspicion of money laundering, and more, in this week's roundup.
France has expanded its probe of whether UBS AG has helped clients evade taxes, two Liberty Reserve employees pleaded not guilty to money laundering and operating an unlicensed MSB, and more, in this week's roundup.
U.K. leaders intend to review whether facilitation should be legal again, CFATF warns countries about the risks of Belize, Guyana and Dominica, and more, in this week's news roundup.
Italian prosecutors seize $10.5 billion from one of Europe's wealthiest families, a judge questions HSBC's agreement with the U.S. Justice Department, and more, in this week's news roundup.
Fifteen Palestinian men were arrested for allegedly running a $55 million cigarette smuggling scheme, a proposal that aims to revive Argentina's economy could attract money launders, and more, in this week's roundup.
The brother of two drug cartel leaders was convicted of money laundering conspiracy, Sudan needs to revamp its overall AML and counterterrorist financing regime, and more, in this week's roundup.
The Federal Deposit Insurance Corporation issued a pair of consent orders for Bank Secrecy Act violations, Germany and France urged the EU to strengthen its efforts against money laundering, and more, in this week's roundup.
The Office of the Comptroller of the Currency issued enforcement actions against two banks for BSA violations, the son of Senegal's ex-president was charged with corruption tied to $1.4 billion in illicit assets, and more, in the weekly roundup.
A Kenyan politician has been charged with money laundering in Tanzania, the Reserve Bank of India will take action against ICICI Bank, HDFC Bank and Axis Bank for alleged money laundering violations, and more, in the weekly roundup.
A group of investigative journalists reveal the identities of thousands of suspected tax evaders, U.S. prosecutors increasingly turn to a civil fraud statute to prosecute money launderers, and more, in this week's news roundup.
Twenty people who tried to smuggle $13 million out of Moscow's Vnukovo airport were arrested on money laundering charges, former Florida GOP Chairman Jim Greer was sentenced to nearly two years in prison for theft and money laundering, and more, in this week's roundup.
The U.S. State Department and OFAC blacklisted a Mali-based group, Finra fined KJM Securities $20,000 for failing to develop and implement an adequate written AML program, and more, in the weekly roundup.
The OCC disclosed a consent order with North American Savings Bank for AML deficiencies, the FIUs of Japan and Sri Lanka signed a memorandum of understanding to exchange investigative information on money laundering, and more, in the weekly roundup.