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Weekly Roundup: Six Nations Agree to FATCA Programs, Putin Pardons Former Rival Accused of Laundering, and More
printThe U.S. Treasury Department disclosed intergovernmental agreements Thursday with Bermuda, Guernsey, the Isle of Man, Jersey, Malta and the Netherlands to participate in tax data-sharing programs outlined in the Foreign Account Tax Compliance Act, or FATCA. More Separately, the department blacklisted four members of Japan's Yakuza crime syndicate. More An Iranian deputy oil minister told Bloomberg that European and Asian banks will help the Persian country process payments following the expected easing of sanctions on oil exports. Tehran agreed last month to temporarily slow its nuclear program in exchange for limited sanctions relief. More Russian President Vladimir Putin pardoned former...
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Italian bank Intesa Sanpaolo is under investigation for potentially breaching EU sanctions, Deutsche Bank AG pulled its U.S. dollar-clearing services out of Angola amid concerns of corruption concerns, and more, in this week's roundup.
Insurance firm Lloyd's of London intends to move part of its U.K. operations to Europe early next year, EU officials plan to introduce legislation next year that would place new rules on tax advisors, and more, in this week's roundup.
A U.S. appeals court reversed a lower court's decision to reject a whistleblower's lawsuit against JPMorgan Chase, Europol has warned that Russian gangs are planning to launch a $1 billion cyber heist on global financial institutions, 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.
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Guyana failed to approve AML legislation ahead of this week's FATF plenary, Fiji is expanding the powers of its law enforcement by allowing phone tapping in order to boost its fight against money laundering, and more, in this week's roundup.
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Mexico City prosecutors accused the former head of the nation's anti-money laundering office of extortion, French lawmakers are demanding that France put Bermuda back on the nation's list of tax havens, and more, in this week's roundup.
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