Deutsche Bank said in a leaked internal memo that it had agreed on a long-term lease for a new headquarters in London, countering fears that financial institutions will leave the United Kingdom when it exits the European Union, the Telegraph reported. More Agricultural Bank of China, which was recently fined $215 million by U.S. state authorities for compliance failures, said in a statement that it plans to build an anti-money laundering center that will bring its compliance program to "first-class level by international standards" over the next three years, Reuters reported. More A senior executive with Standard Chartered said in...
U.S. lawmakers renew calls for Deutsche Bank to disclose anti-money laundering data on President Donald Trump, HSBC chooses artificial-intelligence firm to augment compliance efforts, and more, in this week's roundup.
Swiss private bank investigated for alleged involvement in grand corruption and money-laundering scheme in Uzbekistan, Canada seeks to recover $300 million from offshore tax havens, and more, in this week's roundup.
Credit Suisse reportedly investigating mirror-trade scheme involving Russian subsidiary, China threatens to close Bitcoin exchanges caught violating anti-money laundering regulations, and more, in this week's roundup.