Deutsche Bank is under U.S. investigation after a whistleblower claimed executives in New York quashed multiple suspicious activity reports pertaining to President Donald Trump, his son-in-law and their businesses, The New York Times reported. More U.K. regulators fined Bank of Scotland nearly £46 million for waiting two years to notify regulators of a £245 million fraud at its branch in Reading, England, the Guardian reported. More The Financial Action Task Force urged financial institutions to tighten scrutiny of Iranian lenders and ordered cryptocurrency firms to screen counterparties more closely, ACAMS moneylaundering.com reported. More The outgoing governor of Afghanistan's central bank...
The Central Bank of Ireland fined Community Credit Union Limited nearly $28,000 for AML violations, Nigerian cross-border cash couriers are using China and Dubai to launder funds, and more, in the weekly roundup.
Investigators say that Mexican drug cartels have been involved in the sale of counterfeit NFL merchandise in flea markets and parking lots, a judge ordered Bank of Tokyo-Mitsubishi UFJ Ltd. to forfeit more than $260,000 held for Iran-based entities to plaintiffs, and more.
The EU imposed sanctions on six individuals who are responsible for leading a recent coup d'état in Guinea-Bissau, Gaddafi's family members transferred approximately $1.97 million in stolen government funds to its embassy in Brussels last year, and more, in this week's roundup.