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Weekly Roundup: Ex-JPMorgan Banker Admits Aiding Argentine Tax Evaders, TIAA-CREF Penalized for AML Failures, and More
printRussian President Vladimir Putin selectively enforces the nation's anti-money laundering laws in an attempt to win allies and limit political dissent, the Atlantic said Wednesday. Putin, with the assistance of the nation's financial intelligence unit, maintains a database on the dealings of the nation's wealthy and uses the data to threaten them with legal action and jail time if their loyalty waivers, according to the Atlantic. More On Thursday, Russian anti-corruption blogger Alexei Navalny was convicted and sentenced to five years in prison on embezzlement charges, The Wall Street Journal reported. Navalny, who contends his trial was an attempt to...
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U.S. Sen. Carl Levin (D-MI) reintroduced the Stop Tax Haven Abuse Act, the creator of Beanie Babies agreed to pay over $53 million for tax evasion, and more, in this week's roundup.
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The number of people being used as money mules for criminals is on the rise in New Zealand, the former aide of a Chicago official was convicted of money laundering, and more, in this week's roundup.
A Sierra Leone man is accused of violating U.S. sanctions and the International Emergency Economic Powers Act, the UAE ordered financial institutions to freeze the assets of individuals tied to insurgent groups from Somalia and Eritrea, and more, in this week's roundup.
A former brother-in-law of the late U.S. Sen. Ted Kennedy faces money laundering charges, Chicago's former city comptroller was indicted for bribery and money laundering, and more, in this week's roundup.
Pope Francis issued a decree strengthening the Vatican's AML regulations, U.S. officials have said that they could blacklist a gas pipeline project by Iran and Pakistan, and more, in this week's roundup.
A Dutch businessman agreed to pay 34.5 million euros to the Netherlands for operating First Curacao International Bank without a license, a San Antonio, TX man pleaded guilty to running an illegal money transmitter, and more, in this week's roundup.
U.S. lawmakers threaten to impose sanctions on Russia for harboring Edward Snowden, Switzerland transfers $962 million for backdated taxes, and more, in this week's news roundup.
Insurers could become the next target of U.S. authorities investigating Swiss institutions for abetting tax evasion, a group of ministers in India are being investigated for tax crimes and money laundering, and more, in the weekly roundup.
London-based Barclays Bank will close accounts for some 250 money services businesses by July 10, Ireland has transposed the Third EU Money Laundering Directive and addressed most of the deficiencies noted by FATF, and more, in this week's roundup.
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France has expanded its probe of whether UBS AG has helped clients evade taxes, two Liberty Reserve employees pleaded not guilty to money laundering and operating an unlicensed MSB, and more, in this week's roundup.
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Italian prosecutors seize $10.5 billion from one of Europe's wealthiest families, a judge questions HSBC's agreement with the U.S. Justice Department, and more, in this week's news roundup.
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