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Weekly Roundup: Latvian Bank Laundered €850 Million, Brazil Reassigns ‘Car Wash’ Task Force, and More

A Paris court fined Latvian lender Rietumu Banka €80 million for helping residents and small businesses in France evade taxes, and laundering an estimated €850 million from 2007 to 2012, the Associated Press said. More Brazilian police said they are reassigning members of the law enforcement unit conducting "Operation Car Wash," an investigation into a massive corruption and money laundering scheme centered on state-run energy firm Petrobras, the Associated Press reported. More Russian-born dealmaker Felix Sater, who is accused by authorities in Kazakhstan of laundering billions of dollars in embezzled funds and stolen bank deposits into U.S. real estate and...

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