News

Weekly Roundup: Swiss Court to Unseal Julius Baer Data, Arafat Aide Accused of Laundering, and More

European Union officials have removed New Zealand and Russia off of a 'white list' over concerns about corruption and poor anti-money laundering controls, Stuff.co.nz reported Thursday. The decision will prohibit European banks from relying on "simplified research" on financial institutions registered in the countries, a Latvian official told the news agency. More Thailand, on the other hand, will amend its Anti-Money Laundering Act and Anti-Terrorism Act in an effort to be removed from the Financial Action Task Force's gray list, Bangkok Post reported. More The U.S. Treasury Department's Office of the Comptroller of the Currency disclosed consent orders to Hartford,...

TO READ THE FULL STORY