Weekly Roundup: Germany Warns on Argentina Risks, U.S. Indicts Hawaladar Tied to Failed Manhattan Attack, and More

Germany's financial regulator, Bafin, is asking financial institutions to use "heightened care" when handling transactions involving Argentina, Bloomberg reported Wednesday. In a letter, the agency cited an Oct. 22 mutual evaluation by the Financial Action Task Force (FATF) that found Argentina noncompliant with 19 of the group's 49 recommendations. FATF said in the evaluation that the Latin American country had limited customer identification and suspicious transaction reporting requirements. More On Friday, the U.S. Treasury Department's Office of the Comptroller of the Currency (OCC) disclosed a consent order against Atlanta, GA-based United Americas Bank. The agency said that the bank had...