Tijuana politicians and business leaders allegedly laundered $10 million from drug trafficking, the U.S. Drug Enforcement Agency plans to tackle trade-based financial crime in China, and more, in this week's roundup.
Canada's Innovation Minister Navdeep Bains said the country is considering lifting sanctions against Iran, UBS AG has agreed to fully cooperate with French officials investigating possible tax evasion involving as much as $13 billion, and more, in this week's roundup.
Chinese authorities are investigating managers of Swiss elevator firm Schindler on suspicion of embezzlement and bribery, former Detroit treasurer Jeffrey Beasley was sentenced to 11 years in prison for running a bribery and kickback scheme, and more, in this week's roundup.
Switzerland will soon adopt a law to expedite the return of stolen assets held in Swiss bank accounts, India and Germany have agreed to enhance the exchange of tax-related information, and more, in this week's roundup.
Rabobank Groep is cooperating with a U.S. Justice Department money-laundering probe, India and Seychelles have agreed to exchange tax information, and more, in this week's roundup.
Deutsche Bank acknowledged a money-laundering investigation linked to equity trades, Hong Kong fined the State Bank of India nearly $1 million, and more, in this week's news roundup.
UniCredit is set to pay millions of euros to German authorities to settle two different tax probes, as much as 25 percent of the funds used in Guatemalan politics originates from drug trafficking and other criminal groups, and more, in this week's roundup.
The Justice Department and Privatbank Von Graffenried AG signed a non-prosecution agreement that will see the Swiss financial institution pay $287,000, the Bank of Israel fined Bank Leumi Ltd. over $1 million for failing to report unusual transactions, and more, in this week's roundup.
Two more Swiss banks reached non-prosecution agreements with the U.S. and agreed to pay penalties for helping Americans evade taxes, U.K. tax officials have been making unscheduled visits to real estate agents to check their AML controls, and more, in this week's roundup.
The U.S. Treasury Department lifted sanctions on Privredna Banka Sarajevo AD, a U.K. report called for the extension of the jurisdiction's Senior Managers Regime to the securities industry, and more, in this week's roundup.
The U.K., Brazil and Costa Rica have opened their own corruption and money laundering probes of FIFA officials, Cuba's designation as a State Sponsor of Terrorism was formally rescinded by the U.S., and more, in this week's roundup.
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