Weekly Roundup: FinCEN Warns of Rising Environmental Crimes, Two Swiss Lenders Dinged for AML Breaches, and More

The U.S. Financial Crimes Enforcement Network, or FinCEN, issued an advisory urging financial institutions to report transactions that appear linked to illegal logging, fishing, trafficking of protected wildlife and other environmental crimes. More Switzerland's financial regulator penalized Banca Zarattini and CBH Bank for failing to comply with anti-money laundering rules when dealing with Venezuelan clients and transactions, Reuters reported. More Belgian authorities dropped money laundering charges against UBS after the Swiss lender agreed to pay €49 million to settle accusations that it helped Belgian clients evade taxes from 2005 to 2013, Handelsblatt reported. More Financial regulators in Hong Kong fined...