Weekly Roundup: FinCEN Notes Drop in Credit Union Reporting, IRS Accounts Linked to Belizean Bank, and More

A federal judge in Miami authorized the Internal Revenue Service to seek records of U.S. correspondent accounts opened for Belize Bank International Limited, also known as Belize Bank Limited, in an effort to identify American income tax evaders and other banks using the accounts. More An unusually large number of credit unions have not filed any suspicious activity reports or currency transaction reports in nearly two years, Jennifer Shasky Calvery, director of the Financial Crimes Enforcement Network, said at a conference of the National Association of Federal Credit Unions, ABA Banking Journal reported Wednesday. More Switzerland's Department of Finance is...