Weekly Roundup: Treasury Department to Impose Sanctions on Libya, U.S. Charges Swiss Bankers with Aiding Tax Evaders, and More

The Obama administration is finalizing economic sanctions against Libyan leaders in response to the government's violent crackdown on protestors demanding an end to Moammar Gadhafi's regime, the Washington Post reported Friday. While details have yet to be announced, possibilities include freezing the Gadhafi's assets and imposing a no-fly zone over the country, the news agency reported, citing Obama officials. EU leaders are also working with U.S. officials to impose further restrictions. More Four Swiss bankers are among the few bank officials ever targeted by the U.S. Justice Department for allegedly aiding tax evaders. On Wednesday, federal prosecutors accused Marco Parenti...