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Weekly Roundup: Courts Dismiss Money Laundering Lawsuits, Third Bank Targeted by Swift Malware, and More
printA federal court in Washington, D.C. dismissed a shareholder lawsuit brought last year against the U.S. Treasury Department for designating Banca Privada d'Andorra (BPA) as a "primary money laundering concern" under the Patriot Act. The ruling concludes that the complaint became moot after the department withdrew its finding in February, The Wall Street Journal reported. More A New York federal judge tossed a civil complaint filed by victims of Bernie Madoff against JPMorgan Chase that alleged that the financial institution actively facilitated his Ponzi scheme, Bloomberg reported. The bank has paid more than $2.5 billion to settle related litigation and...
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