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Weekly Roundup: Extension of Standard Chartered DPAs Expected, UK Shell Firms Helped Launder $80 Billion, and More

Standard Chartered is facing an extension of its deferred prosecution agreements with U.S. authorities until July 2018, signaling that it has yet to improve its compliance with sanctions five years after admitting to having processed payments for blacklisted entities in Iran, Burma, Sudan and Libya, Reuters reported. More Hundreds of British shell companies are implicated in the laundering of Â?80 billion from more than 52 corruption scandals involving more than a dozen countries, Transparency International said. More The head of Europol claimed that online ransom attacks now surpass 4,000 a day and the technological capability of criminal gangs threatens critical...

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