Swiss private bank investigated for alleged involvement in grand corruption and money-laundering scheme in Uzbekistan, Canada seeks to recover $300 million from offshore tax havens, and more, in this week's roundup.
FATF removed Algeria, Angola and Panama from its list of countries with strategic deficiencies in their AML rules, the European Court of Justice denied the EU Council's appeal to reimpose sanctions against Iran's Bank Mellat, and more, in this week's roundup.
Russian lawmakers are considering legislation that would give amnesty to anyone bringing capital back to Russia, Canadian lawmakers pledged to approve a so-called Magnitsky Act that would blacklist Russian officials complicit in human rights violations, and more, in this week's roundup.
Islamic State is using Bitcoin and the Dark Web to recruit and fundraise, European Union leaders are mulling blocking Russia from Swift, and more, in this week's roundup.
Argentina's central bank fined HSBC's regional affiliate $10 million for AML violations, three senior AML and risk management officials at the Royal Bank of Scotland Group PLC have left or are planning to resign, and more, in this week's roundup.
Efforts by U.S. states to legalize Internet gambling beyond New Jersey, Delaware and Nevada have come to a standstill, India's Reserve Bank advised nonbanking financial companies that their KYC procedures should be tailored to levels of risk, and more, in this week's roundup.
Iran has generated $4.6 billion in revenues in the first six months of this year as a result of temporary sanctions relief, the former chairman of the Cayman Islands' Health Services Authority is accused of money laundering, and more, in this week's roundup.
Western nations may expand sanctions against Russia in response to the country's movement of combat troops into eastern Ukraine, eleven people in Portugal were detained on suspicion of corruption and money laundering, and more, in this week's roundup.
Federal prosecutors have accused Scranton-based Pennsylvania Coin, LLC of running illegal gambling operations in five counties, Moscow-based VTB and Sberbank have asked the EU Court of Justice to overturn sanctions levied against them, and more, in this week's roundup.
The U.K. calls for comments on the AML-related fees it charges financial institutions, New Mexico credit unions notify marijuana dispensaries of imminent account closures, and more, in this week's news roundup.
London-based nonprofit group Global Witness published a report that cataloged 22 illicit finance cases involving U.S. shell companies, sanctions citing violence in Ukraine have caused more trouble for Europe than Russia, and more, in this week's roundup.
The deputy chief of the U.S. Justice Department's asset forfeiture and money laundering section will leave the position next month, Thailand is amending its anti-money laundering laws, and more, in this week's roundup.
Authorities are concerned that money launderers are using Myanmar's real estate sector, a study found that Swiss banks have lost $383 billion in the last six years partly due to fines, and more, in this week's roundup.
Lawmakers want tougher sanctions against Venezuela, while Republican senators asked that two Russian group to be named as terrorist organizations, and more in this week's roundup.
Should suspicions that drug traffickers infiltrated the compliance department of a U.S.-owned bank in Mexico prove valid, it won't be the first example of such a scheme, or the last.
M&T Bank Corp. revealed it has spent more than $150 million boosting its AML program, the Asia Pacific Group on Money Laundering will allow North Korea to join the organization as an observer, and more, in this week's roundup.
In internal reviews and an ongoing criminal and regulatory investigation, Citigroup employees and Mexican officials have privately voiced concerns that drug traffickers may have infiltrated Banamex's anti-money laundering department, say sources.
With the ink hardly dry on BNP Paribas' guilty pleas, U.S. officials are looking into "a fair amount of conduct" by other financial institutions that could result in formal charges, according to Douglas Leff, assistant special agent in charge of the FBI's New York field office.
BNP Paribas pleaded guilty and agreed to pay nearly $9 billion to settle charges that it knowingly violated U.S. sanctions against four nations despite previous warnings from American officials.