Industrial Commercial Bank of China will pay U.S. state and federal regulators $32.4 million to resolve prior, longstanding deficiencies with the lender's compliance program in New York, and for sharing "confidential supervisory information" with an overseas supervisory agency in 2017, ACAMS moneylaundering.com reported. More European lawmakers and the Council of the EU, which represents the national governments of the EU, struck a provisional deal on a regulation that seeks to harmonize disparate anti-money laundering rules across the bloc, and reached agreement on a new directive, 6AMLD, moneylaundering.com reported. More Peter McVey, former vice president at an unidentified bank in Kansas...
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