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Weekly Roundup: Lawmakers Agree to Patriot Act Renewal, U.S. Blacklists Iranian Bank, and More
printCongressional leaders struck a deal Thursday to reauthorize several controversial powers of the Patriot Act though June 1, 2015, including a provision that allows investigators to seize "tangible" records from financial institutions and other companies during terrorism investigations, the New York Times reported. The deal follows negotiations between the Senate majority leader, Harry Reid (D-NV) and Republican leaders, including the Senate minority leader, Mitch McConnell of Kentucky, and John Boehner, the speaker of the House, the news agency said. More Iran's Bank Mellat can no longer do business in Turkey as a result of efforts by Turkish banks to abide...
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U.K. Supreme Court Ruling for Bank Mellat Will Not Weaken Iran Sanctions, Say Legal, Banking Sources
The United Kingdom's Supreme Court decision in favor of Bank Mellat, Iran's largest private bank, will not weaken overall sanctions on Iran, U.K. legal and banking sources said.
A group of investigative journalists reveal the identities of thousands of suspected tax evaders, U.S. prosecutors increasingly turn to a civil fraud statute to prosecute money launderers, and more, in this week's news roundup.
JPMorgan Chase drops a Milan account for the Holy See, Beijing police freeze nearly $800 million tied to at least six "underground" banks, and more.
Iran's central bank prepares to sue to win back $2 billion in frozen assets, the U.S. Treasury Department blacklists the heads of a money laundering ring based in Panama and Colombia, and more, in this week's news roundup.
A U.S. official's threat last month of economic sanctions against four Chinese banks is likely to be toothless given economic and enforcement hurdles, say sanctions analysts.
The Justice Department launches investigations into three Israeli banks and continues its probe into the financial network of R. Allen Stanford, in this week's news roundup.
Afghanistan arrests two former top bank officials for alleged graft, Taiwan brings corruption charges against a second former president and FATF advises countries on how to evaluate the risks of alternative financial service providers, in this week's news roundup.
Argentina's Senate approves new anti-money laundering legislation, New Jersey rabbi receives probation for money laundering conviction, and more, in this week's roundup.
President Obama signed a renewal of the Patriot Act into law late Thursday and the U.S. State Department cracked down on international companies for their ties to Iran, in this week's news roundup.
The Obama Administration's choice for undersecretary of terrorism and financial intelligence in the U.S. Treasury Department clears one hurdle towards confirmation, FINTRAC releases STR report, and more, in this week's roundup.
Dubai fines the UAE arm of E-Trade, and a source familiar with the U.S. Justice Department investigation of HSBC says that prosecutors may target individual bankers, in this week's news roundup.
The White House targets top Syrian officials for human rights violations as the United Nations mulls naming countries that haven't enforced Libyan sanctions, in this week's news roundup.
Antiguan officials are questioning the U.S. decision to shut down an online gambling Web site, and Indonesia investigators say that potential AML violations at Citibank may be tied to an embezzlement case, in this week's news roundup.
Israel's Attorney General announces plans to indict the country's foreign minister on money laundering charges, Danish scientist indicted for wire fraud and money laundering, and more, in this week's roundup.
OFAC delists an ex-member of Moammar Gadhafi's regime, Argentina's President presses lawmakers to pass AML legislation, and more, in this week's roundup.
The OTS dings an Indiana bank for BSA violations as RBS gets an extension on its deal with the U.S. Justice Department, in this week's news roundup.
The Federal Deposit Insurance Corporation issues a consent order on a California bank for BSA deficiencies, the Ukraine approves a new national anti-money laundering strategy, and more, in this week's roundup.
The Internet Gambling Regulation, Consumer Protection and Enforcement Act is introduced by Representative John Campbell, Antigua & Barbuda defends its AML regime after publication of State Department report, and more, in this week's roundup.
The Office of Thrift Supervision issues a cease-and-desist order against a California bank for BSA violations, a London lawyer gets sentenced for seven years in prison for money laundering and other crimes, in this week's roundup.
The Financial Crimes Enforcement Network issues its third enforcement action for the year, Nigeria's Senate approves new anti-money laundering legislation, and more, in this week's roundup.