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Weekly Roundup: Lazarenko, Back in Court, Wins Appeal, Obama Identifies Major Drug-Trafficking Nations, And More
printFormer Ukraine Prime Minister Pavel Lazarenko, the first foreign public official indicted and convicted in the U.S. for laundering the proceeds of extortion committed in a foreign country, was back in court this week, even as small financial institutions reported difficulties in implementing controls to deal with politically exposed persons (PEPs). More The United States Court of Appeals for the Ninth Circuit issued an opinion Wednesday stating that Lazarenko, originally convicted on 53 counts of money laundering and conspiracy to commit money laundering in 2004, does not have to pay $19 million to a co-conspirator. The opinion reverses a lower...
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