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Weekly Roundup: Switzerland to Impose Beneficial Ownership Rules, Golf’s Mickelson Linked to Laundering Plea, and More
printDue to the U.S. July 4th holiday, ACAMS moneylaundering.com is publishing a single news roundup this week. U.S. and European diplomats said they've secured a way to snap back U.N. sanctions on Iran if the country violates a nuclear accord, Bloomberg reported Wednesday. Sanctions relief will need to be approved periodically by U.N. Security Council resolutions. More Iran intends to raise its stake in International Islamic Trade Finance Corp, a Saudi Arabia-based organization that promotes trade financing, in preparation for a potential rollback of Western sanctions against the nation, Reuters reported. More The U.S. Treasury Department blacklisted two South Sudanese...
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The U.K., Brazil and Costa Rica have opened their own corruption and money laundering probes of FIFA officials, Cuba's designation as a State Sponsor of Terrorism was formally rescinded by the U.S., and more, in this week's roundup.
OFAC blacklists Colombian fast-boat drug traffickers, federal officials reportedly probe Normandie Casino for AML violations, and more, in this week's news roundup.
Finter Bank Zurich AG reached a non-prosecution agreement that requires the lender to pay $5.4 million for tax-related offenses, authorities in Switzerland plan to revise the country's data-sharing laws, and more, in this week's roundup.
FinCEN is seeking to better define and understand the money-laundering risks associated with real estate closings, a senior Israeli tax official told a gathering of attorneys in Tel Aviv that the country is close to concluding its investigation of UBS, and more, in this week's roundup.
The UN could impose targeted sanctions against Mali in response to recent violence, Israeli authorities arrested three individuals for allegedly transferring money on behalf of Hamas, and more, in this week's roundup.
Royal Bank of Canada said that a French judge has dropped money-laundering charges against its Bahamas branch, Panama's legislature approved a bill that will impose AML requirements on over a dozen nonfinancial sectors, and more, in this week's roundup.
The possible nuclear accord between Iran and six nations could galvanize the country's languishing automobile sector, hundreds of Russian banks are closing as a result of a sanctions-induced economic crisis, and more, in this week's roundup.
HSBC must pay a $1.1 billion bail after French officials filed criminal tax evasion charges, Greek Prime Minister Alexis Tsipras called on the EU to end its sanctions against Russia, and more, in this week's roundup.
A federal court approved the terms of a U.S. settlement with Commerzbank AG for sanctions violations, Bangladesh approved a national AML and counterterrorist financing strategy, and more, in this week's roundup.
Russian lawmakers are considering legislation that would give amnesty to anyone bringing capital back to Russia, Canadian lawmakers pledged to approve a so-called Magnitsky Act that would blacklist Russian officials complicit in human rights violations, and more, in this week's roundup.
The Obama administration steps up its congressional lobbying ahead of a possible Iran sanctions deal, House lawmakers say they will investigate terrorist financing with a new taskforce, and more, in this week's news roundup.