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Weekly Roundup: HSBC Seeks to Keep AML Report Confidential, Julius Baer to Settle U.S. Tax Charges Soon, and More
printHSBC and the U.S. Justice Department have asked a federal judge to reject a former client's legal petition seeking publication of an audit of the lender's compliance with a 2012 deferred prosecution agreement, the Guardian reported. Publishing the report on the bank's anti-money laundering (AML) and sanctions controls would tip off criminals, they argued. More Julius Baer Group Ltd. chief executive Boris Collardi said the Swiss lender expects within weeks to finalize a $547 million settlement with the Justice Department for helping wealthy Americans evade income tax, Bloomberg reported. More Kenya's former Prime Minister Raila Odinga said that $999 million...
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