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Weekly Roundup: India Launches Laundering Investigation of Three Banks, China Asks U.S. for Bank Data, and More
printThe Reserve Bank of India and the nation's finance ministry are probing ICICI Bank, HDFC Bank and Axis Bank for alleged money laundering, Reuters reported Thursday. The probe follows a claim by an investigative journalist that he had video footage of the banks' employees giving advice on how to launder money. More China has asked the United States to hand over data on Chinese citizens with accounts at American banks as a condition to entering into an intergovernmental agreement that satisfies the Foreign Account Tax Compliance Act, Reuters reported Wednesday. In response, the Obama administration is likely to request that...
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