Weekly Roundup: South Korea Issues Iran Sanctions, Pennsylvania Bank is Cited for AML Violations, And More

The Republic of Korea announced new sanctions against Iran and the U.S. blacklisted a Hamburg, Germany-based bank for its alleged ties to four sanctioned Iranian banks. More On Wednesday, the U.S. Treasury Department welcomed the Republic of Korea into an 'emerging census of states' that have sanctioned Iran for the development of a nuclear program in defiance of United Nations resolutions. The Korean measures target the Islamic Revolutionary Guard, the Islamic Republic of Iran Shipping Lines, and several Iranian financial institutions. More First National Community Bancorp revealed on Tuesday that it entered into a consent order with the Office of...