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Weekly Roundup: Switzerland to Give U.S. Data on Venezuelan Accounts, Blackwater Founder Faces Laundering Allegations, and More
printBanks and other firms won't be required to legally certify that they have identified and disclosed all relevant data about employees allegedly involved in or responsible for criminal violations to receive credit for cooperation from federal prosecutors, a U.S. Justice Department section chief said at an anti-graft conference last month, according to The Wall Street Journal. More Executives at several small banks in the United Kingdom told Reuters that tougher regulations and accountability standards introduced by the Senior Managers Regime, which took effect this month, have made some of their managers and employees reticent to accept promotions for fear of exposing...
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Germany may push the EU to adopt a new round of sanctions against Russia, Bank of Tokyo-Mitsubishi, HSBC and OCBC Bank are set to test the use of blockchain technology to screen transactions in a trial run, 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.
The Vatican received 544 suspicious activity reports in 2015, Australia's financial intelligence unit proposed extending AML regulations to virtual currency companies, 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.
The United States and China agreed on draft resolutions to expand U.N. sanctions against, a Belgian court indicted UBS AG on charges of money laundering and tax evasion, 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.
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