News
Weekly Roundup: RBS Discloses Swiss Probe of 1MDB Ties, U.S. Extends Venezuelan Sanctions, and More
printSwitzerland has launched an inquiry into whether client accounts held at Coutts International are linked to suspected corruption at Malaysian state investment fund 1MDB, the Financial Times reported. The Royal Bank of Scotland, which owned Coutts at the time of the activity in question, disclosed regulatory scrutiny of its former Switzerland-based private banking arm. More Yeo Jiawei, a former employee of the Singaporean unit of Swiss private bank BSI, has been charged with concealing an arrangement to receive annual payments from an investment vehicle owned by 1MDB, The New York Times reported. More The chairman of Deutsche Bank's integrity committee,...
TO READ THE FULL STORY
Related News
U.K. regulator won't adopt the U.S. system of allowing companies accused of misconduct to supervise their own investigations, another hacking syndicate targets banks through SWIFT, and more, in the midweek roundup.
U.N. Security Council members failed to reach the consensus needed to pass sanctions against Syria, Haiti adopted AML and counterterrorist financing controls, and more, in this week's roundup.
French lawmakers are set to vote on legislation that would establish a new anti-graft agency, the Federal Reserve entered into a written agreement with Liberty Bank, and more, in this week's roundup.
HSBC said it has failed to create an effective U.S. risk management program as required in a 2010 action, New York Governor Mario Cuomo approved a new law classifying certain fantasy sports as games of skill, and more, in this week's roundup.
Weekly Roundup: U.N. Chief Condemns Iran Missile Tests, House Approves FinCEN Budget Boost, and More
Former FIFA President Sepp Blatter plans to appeal his 6-year ban from soccer, Mexican lawmakers adopted anticorruption legislation, and more, in this week's roundup.
EU authorities removed Iran's national airline from a list of carriers banned or restricted from flying to European destinations, the OCC released two AML consent orders, and more, in this week's roundup.
The founder of the now-defunct Florida digital currency exchange coin.mx pleaded not guilty to money laundering, the EU is set to extend sanctions against Russia for another six months, and more, in this week's roundup.
French judicial officials will decide in a month whether prosecutors have gathered enough evidence to try the son of Equatorial Guinea's president, Singapore initiated its first-ever terrorism financing case under a 2002 law, and more, in this week's roundup.
Brazils senate suspended President Dilma Rousseff for up to six months while she waits for an impeachment trial, American officials are investigating more than a dozen businesses potentially linked to Brazil's Petrobras scandal, and more, in this week's roundup.
Nigerian Justice Minister Abubakar Malami has called for an upcoming U.K. anti-corruption summit, the U.S. Treasury Department blacklisted Panama-based Balboa Bank & Trust, and more, in this week's roundup.
European nations launch investigations into banks tied to the Mossack Fonseca leaks, Miami-Dade county police accuse 22 individuals of using Florida businesses to launder cartel money, and more, in this week's news roundup.
U.S. officials question Deutsche Bank and JPMorgan over their ties to 1MDB, the White House weighs easing Iran's use of the dollar, and more, in this week's news roundup.
Switzerland has agreed to the U.S. Justice Department's request to hand over records from UBS AG and at least 15 other banks linked to Petroleos de Venezuela SA, FinCEN and its Argentine counterpart entered into an MOU, and more, in this week's roundup.
France calls for Libya sanctions, Bank of China weighs potential settlement over Italian allegations of money laundering, and more, in this week's news roundups.
Brazilian state prosecutors are seeking the arrest of former President Luiz Inacio Lula da Silva for allegedly violating money laundering laws, Russia's financial intelligence unit said it has discovered 42 domestic organizations that finance terrorism, and more, in this week's roundup.
The European Central Bank shuts down a financial institution for AML failures for the first time, French officials question whether UBS AG pressured a whistleblower and more, in this week's news roundup.
U.S. lawmakers endorse new sanctions against North Korea, Amnesty International faults Luxembourg for permitting transactions linked to banned arms and more, in this week's news roundup.
Canada's Innovation Minister Navdeep Bains said the country is considering lifting sanctions against Iran, UBS AG has agreed to fully cooperate with French officials investigating possible tax evasion involving as much as $13 billion, and more, in this week's roundup.
German prosecutors are investigating 2,000 possible instances of tax evasion by clients of UBS AG, MONEYVAL published a report advising Guernsey to increase prosecutions of money laundering, and more, in this week's roundup.
The U.S. Treasury Department blacklisted Lebanese telecommunications firm Spectrum Investment Group Holding SAL and its chairman, Brazil's central bank ordered brokerage firm TOV Corretora to shut down for violating CDD rules, and more, in this week's roundup.