Weekly Roundup: Falcon Bank Charged in Swiss 1MDB Probe, Belgium Accuses Lender of Laundering, and More

Swiss prosecutors charged Falcon Private Bank with money laundering for allegedly handling funds embezzled from Malaysian state fund 1MDB, ACAMS reported. More Belgian authorities accused Brussels-headquartered lender Belfius of money laundering amid allegations that the bank knowingly extended mortgages to criminals, L'Echo reported. More Prince Andrew, Duke of York, allegedly helped Banque Havilland, a Luxembourg-based lender that was fined more than $4 million for anti-money laundering lapses in 2018, secure business from wealthy foreign patrons in exchange for use of a private jet and other perks, Bloomberg reported. More German authorities raided the offices of bankrupt German payment processor...