Weekly Roundup: Most Private Iraqi Banks Suspected of Money Laundering, Swiss to Deem Sports Executives as PEPs, and More

An Iraqi official told Al-Monitor that 29 of Iraq's 33 private banks are under investigation for suspected money laundering and corruption. Money laundering through the country's central bank is believed to have resulted in the loss of more than $100 billion over the last decade, with most of the money flowing through banks in Dubai and Beirut. More New York's state and city agencies are vying for shares of the more than $5 billion in monetary penalties the government has reaped from BNP Paribas SA and Credit Suisse Group AG this year, according to Bloomberg. The "staggering" windfall in funding...