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Weekly Roundup: Lawsky Wants to Expand Use of Bank Monitors, U.S. Investigates Putin Ally for Money Laundering, and More
printNew York State Department of Financial Services chief Benjamin Lawsky said Tuesday that he is seeking to expand regulatory scrutiny over banks and other companies by using independent monitors, according to The Wall Street Journal. More The outcome of the U.S. Justice Department's ongoing probe of Commerzbank AG's anti-money laundering program is "totally open," Chief Financial Officer Stephan Engels said in a recent conference call with analysts, according to Bloomberg. More Afghanistan has recovered more than $300 million of the nearly $1 billion embezzled from Kabul Bank by senior shareholders and relatives of former President Hamid Karzai prior to the...
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