Weekly Roundup: Error Caused Westpac’s AML Breaches, JPMorgan Bankers Target of Indian Money Laundering Probe, and More

An internal probe into alleged lapses of anti-money laundering rules at Westpac found the Australian lender's violations stemmed from human and technical errors, not misconduct, Reuters reported. More Three India-based employees of JPMorgan who served on the board of Amrapali face accusations of using shell companies and other entities in Mauritius and Singapore to launder tens of millions of dollars in funds the Indian real estate group allegedly embezzled from homebuyers, the Indian Express reported. More Swiss prosecutors are probing alleged money laundering in connection to suspect loans that Credit Suisse and other domestic lenders arranged for Mozambique government entities,...