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Weekly Roundup: U.K. Backtracks on Cayman Islands Public Register Plan, NC Bank Hit with Ponzi Lawsuit, and More
printThe White House may impose sanctions on Chinese companies deemed responsible for recent cyberattacks and thefts of U.S. intellectual property as soon as next week, CNBC reported, citing three unnamed American officials. Sanctions opponents believe the measures could jeopardize the first U.S. visit by Chinese President Xi Jinping scheduled for later this month. More The U.S. State Department on Friday announced new international anti-corruption initiatives, including plans to reduce wildlife trafficking and launch FBI asset recovery teams. The initiatives were announced in conjunction with the 16th International Anticorruption Conference in Malaysia. More Citing money-laundering concerns, European financial regulators are pushing...
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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.
German prosecutors are investigating 2,000 possible instances of tax evasion by clients of UBS AG, MONEYVAL published a report advising Guernsey to increase prosecutions of money laundering, and more, in this week's roundup.
The U.S. Treasury Department blacklisted Lebanese telecommunications firm Spectrum Investment Group Holding SAL and its chairman, Brazil's central bank ordered brokerage firm TOV Corretora to shut down for violating CDD rules, and more, in this week's roundup.
Andrea Sharrin has been named associate director of FinCEN's Policy Division, the U.S. Treasury Department blacklisted Colombia-based Los Chatas as narcotics traffickers, and more, in this week's roundup.
Weekly Roundup: EU to Renew Russia Sanctions, Billionaire Adelson Accused of Criminal Ties, and More
Group of Seven members want to bolster oversight over virtual currency firms, an advocacy group said that illicit financial outflows have worsened in Africa, and more, in this week's roundup.
Iran's nuclear chief said that the country is on schedule to meet its commitments under the JCPOA, U.S. Bancorp disclosed that it has entered into a consent order with the OCC, and more, in this week's roundup.
Deutsche Bank could close its troubled investment banking unit in Russia, the head of New York Global Group faces money-laundering charges, and more, in this week's news roundup.
A New York City councilman is charged with laundering money stolen from public funds, a prominent car dealership owner is accused of bilking cash from Chrysler and the UAE sees a 48 percent jump in suspicious transaction reports, in this week's news roundup.
A client of UBS AG pleads guilty to tax evasion as a longstanding data sharing arrangement between the United States and the European Union is poised to collapse, in this week's news roundup.
The U.S. Supreme Court okays the extradition of former Panamanian dictator Manuel Noriega, and a prominent Florida lawyer pleads guilty to bilking investors out of $1.2 billion in a massive Ponzi scheme, in this week's news roundup.
The U.S. Justice Department nets 22 suspects in its largest ever investigation into individuals for FCPA violations, and FinCEN issues a ruling on whether domestic bill payment services companies are MSBs, in this week's roundup.
A former Panamanian president is under house arrest for money laundering and the United States continues its efforts to extradite Colombians tied to a massive Ponzi scheme, in this week's news roundup.
Prosecutors started off 2010 by winning a series of guilty pleas in money laundering cases, and the extradition of the "Colombian Bernie Madoff."
The Credit Suisse saga isn't over yet, at least not for Manhattan District Attorney Robert Morgenthau. His office announced Wednesday that the bank handed over $268 million to his office. Half of the sum will be turned over to the city of New York and the rest to New York State.
Although it was a relatively quiet week in anti-money laundering news, a settlement agreement for $217 million between Lloyds Bank TSB and the Office of Foreign Assets Control (OFAC) proved that the holidays didn't distract regulators from sanctions and compliance issues.