Weekly Roundup: Leaked Records Implicate National Bank of Australia Executives, Chinese Billionaire Charged with Money Laundering, and More

Leaked documents appear to indicate that a global consultancy withheld findings in an independent audit that National Australia Bank, its client of 13 years, failed to address longstanding risk-related issues and anti-money laundering deficiencies, the Sydney Morning Herald reported. More The billionaire founder of a Chinese aluminum giant faces U.S. money-laundering charges after allegedly evading $2 billion in customs duties by exporting metal to the United States under false pretenses and using shell companies and phantom purchases to justify the transactions, The Wall Street Journal reported. More John Carwile, who has been nominated to serve as U.S. ambassador to Latvia,...