German lender Deutsche Bank has admitted to using shell companies to avoid U.S. tax liabilities in 2000 and has agreed to pay $95 million in Manhattan to settle a government lawsuit, Reuters reported, citing court documents. More Deutsche Bank has appointed its third global compliance chief in less than a year following an alleged dispute over plans to expand its anti-financial crime operations, The Wall Street Journal reported, citing sources. More The former Singapore branch manager of Switzerland's Falcon Private Bank plans to plead guilty to compliance breach charges by local prosecutors as part of a probe into the alleged...
Finter Bank Zurich AG reached a non-prosecution agreement that requires the lender to pay $5.4 million for tax-related offenses, authorities in Switzerland plan to revise the country's data-sharing laws, and more, in this week's roundup.
FinCEN is seeking to better define and understand the money-laundering risks associated with real estate closings, a senior Israeli tax official told a gathering of attorneys in Tel Aviv that the country is close to concluding its investigation of UBS, and more, in this week's roundup.
The UN could impose targeted sanctions against Mali in response to recent violence, Israeli authorities arrested three individuals for allegedly transferring money on behalf of Hamas, and more, in this week's roundup.
Royal Bank of Canada said that a French judge has dropped money-laundering charges against its Bahamas branch, Panama's legislature approved a bill that will impose AML requirements on over a dozen nonfinancial sectors, and more, in this week's roundup.
The possible nuclear accord between Iran and six nations could galvanize the country's languishing automobile sector, hundreds of Russian banks are closing as a result of a sanctions-induced economic crisis, and more, in this week's roundup.