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Weekly Roundup: FinCEN Penalizes California Card Club, OCC Fines Former Banker for Links to Ponzi Scheme, and More
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Brazil's former lower house speaker Eduardo Cunha was arrested for allegedly accepting millions of dollars in bribes, state-run oil firm Petroleos de Venezuela cannot account for $11 billion in funds that have gone missing, and more, in this week's roundup.
Group of Seven nations are expected to agree to bolster their efforts against money laundering and terrorist financing, the Bank of England ordered the banks it regulates to strengthen controls around their Swift terminals, and more, in this week's roundup.
New York banking regulators ordered 13 foreign financial institutions to disclose any relationships they may have had with Mossack Fonseca, OFAC issued guidance for complying with the U.S. embargo against Cuba, and more, in this week's roundup.
Putin told a televised call-in program that the U.S. and EU are unlikely to lift sanctions against Russia in the near future, the OCC finalized a consent order with San Diego-based Neighborhood National Bank, and more, in this week's roundup.
Brazilian state prosecutors are seeking the arrest of former President Luiz Inacio Lula da Silva for allegedly violating money laundering laws, Russia's financial intelligence unit said it has discovered 42 domestic organizations that finance terrorism, and more, in this week's roundup.
FATF removed Algeria, Angola and Panama from its list of countries with strategic deficiencies in their AML rules, the European Court of Justice denied the EU Council's appeal to reimpose sanctions against Iran's Bank Mellat, and more, in this week's roundup.
The U.S. Securities and Exchange Commission on fined E.S. Financial Services $1 million, Austria-based Raiffeisen Bank International will open an Iranian branch, and more, in this week's roundup.
Andrea Sharrin has been named associate director of FinCEN's Policy Division, the U.S. Treasury Department blacklisted Colombia-based Los Chatas as narcotics traffickers, and more, in this week's roundup.
Weekly Roundup: EU to Renew Russia Sanctions, Billionaire Adelson Accused of Criminal Ties, and More
Group of Seven members want to bolster oversight over virtual currency firms, an advocacy group said that illicit financial outflows have worsened in Africa, and more, in this week's roundup.
U.K. lawmakers question the wisdom of recent amendments to the nation's rules for bank managers, American officials reach $6.3 million dollar deal with Standard Chartered, and more, in this week's news roundup.
Iran's nuclear chief said that the country is on schedule to meet its commitments under the JCPOA, U.S. Bancorp disclosed that it has entered into a consent order with the OCC, and more, in this week's roundup.
New York Gov. Andrew Cuomo reportedly seeks to rein in the state's banking regulator, Deutsche Bank sets aside over $1.3 billion for compliance-related penalties and litigation, and more, in this week's news roundup.
An advocacy group criticizes the U.K.'s visa program, New Mexico's Secretary of State pleads guilty to money laundering and embezzlement charges, and more, in this week's news roundup.
A settlement by the U.S. Justice Department requires Swiss private bank BBVA Suiza S.A. to pay a $10.4 million penalty, France and the United Nations are considering imposing sanctions against individuals from the Central African Republic, and more, in this week's roundup.
U.S. prosecutors accuse two Beirut residents of helping Hezbollah launder drug money, FIFA suspends its president for ethics violations, and more, in this week's news roundup.
FATF released its first-ever mutual evaluation of Cuba, Deutsche Bank will invest in technology to better prevent money laundering, and more, in this week's roundup.
An expected U.S. settlement with Commerzbank AG could come as soon as next week, roughly $572 million of Moscow-based Bank Rossiya's assets have been blocked in the U.S. since sanctions took effect, and more, in this week's roundup.
The EU extended sanctions against Zimbabwe, the OCC disclosed two enforcement actions for AML deficiencies, and more, in this week's roundup.
Tunisia will investigate 256 of its citizens who have secret HSBC accounts in Switzerland, Canada's Supreme Court ruled that lawyers should be exempt from filing STRs on their clients, and more, in this week's roundup.
EU officials are expected to blacklist nine entities and nine individuals for their alleged roles in ongoing insurgency in Ukraine, Al-Shabaab and other terrorist organizations may be using companies in South Africa to transfer funds, and more, in this week's roundup.
