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Weekly Roundup: Credit Agricole Nears U.S. Settlement, California Fashion Companies Allegedly Launder for Cartels, and More
printCredit Agricole SA is nearing a final deal with U.S. officials over its alleged sanctions violations, Bloomberg reported. The settlement would follow an expected $650 million deal with Commerzbank AG for similar infractions. More Law enforcement officials arrested nine individuals during a raid of dozens of businesses in Los Angeles' fashion district in a crackdown on an alleged black market peso exchange scheme, Reuters reported Wednesday. Investigators, who seized approximately $65 million, believe that over a dozen businesses funneled dirty money at the direction of Mexico-based clothing company linked to drug traffickers. More Ukrainian separatists in the country's Donetsk region...
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