Weekly Roundup: EU Court Annuls Iran Sanctions, Florida Bank Reportedly Ousts CEO for AML Failures, and More

The European Union's second highest court ruled Friday that the bloc did not have ample evidence to prove that Post Bank of Iran, Iran Insurance Company, Good Luck Shipping and the Export Development Bank of Iran provided support for the nation's nuclear programming. The court also annulled sanctions against Bank Refah Kargaran, Persia International Bank, the Iranian Offshore Engineering and Construction Company and Naser Bateni due to assessment errors. More Coral Gables, FL-based Banesco USA ousted its President and Chief Executive Officer Rafael Salda?±a after Bank Secrecy Act issues were uncovered at the institution, three unnamed sources told the South...