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Weekly Roundup: U.K. to Launch Database of Company Owners, France Investigates Swiss Bank Chairman in Tax Probe, and More
printBritain will soon create a public database of company beneficial ownership information to help expose money laundering and tax evasion. The registry will include information on individuals who own more than 25 percent of a company's share or voting rights, or who control the business. More Faced with U.S. and EU sanctions, Syria has increasingly turned to second-tier Russian banks to access international markets, according to Reuters. The Commercial Bank of Syria has opened accounts with Tempbank, a small Moscow-based financial institution, the news agency reported. More French officials are investigating the chairman of Swiss private bank Reyl as part...
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With new international data-exchange agreements in place, the United Kingdom will soon have greater access than ever to information on tax dodgers with offshore accounts, according to the nation's Financial Secretary to the Treasury David Gauke.
The U.S. Justice Department seizes digital funds tied to an Internet black market, Republicans line up behind effort to fight FATCA and more, in this week's news roundup.
The director of Colombia's FIU said that the Colombian government lost $18 billion in 2012 to money laundering, the New York State Department of Financial Services said its public hearing on digital currencies will take place on Jan. 28 and 29, and more, in this week's roundup.
The FDIC entered into a consent order with a West Virginia bank for AML deficiencies, France plans to remove Jersey and Bermuda from its list of uncooperative tax havens, and more, in this week's roundup.
The U.S. Treasury Department disclosed six FATCA agreements, Finra fined an Austin, TX firm $200,000 for AML violations, and more, in this week's roundup.
The U.S. Treasury Department added over 15 entities to its Iranian sanctions list, Finra fined Hambrecht+Co. $75,000 for inadequate anti-money laundering procedures, and more, in this week's roundup.
China prohibits the trading of bitcoins by financial institutions over money laundering concerns, the U.K. closes 100 suspicious Bank of Cyprus accounts, and more, in this week's news roundup.
CFATF blacklisted Belize and Guyana for failing to improve their AML regimes, the Dubai Financial Services Authority is suing Deutsche Bank AG for allegedly breaking AML rules, and more, in this week's roundup.
Mauritanian officials are creating a Serious Fraud Office, Boston mobster James "Whitey" Bulger was sentenced to life in prison for murder and money laundering, and more, in this week's roundup.
The Tax Justice Network concluded Switzerland remains the top financial secrecy jurisdiction in the world, a U.S. foreign official pleaded guilty to money laundering, and more, in this week's roundup.
The FDIC entered into two consents with banks for BSA deficiencies, the Monetary Authority of Singapore revoked the remittance licenses of two MSBs for AML violations, and more, in this week's roundup.
FATF removed Morocco and Nigeria from its list of jurisdictions that require ongoing monitoring, the OCC entered into a consent order with 1st Century Bank for AML violations, and more, in this week's roundup.
JPMorgan Chase launches AML SWAT team as the bank's legal costs mount, Turkey blacklists over 350 entities in an effort to comply with United Nations sanctions, and more, in this week's news roundup.
A Texas woman pleaded guilty to laundering $37,200 in connection with a healthcare fraud scheme, banks in Guyana are finding it nearly "impossible to do business overseas" due to the country's lack of adequate AML controls, and more, in this week's roundup.
A Bermuda-based investment company is forfeiting $2.8 million to the U.S. in connection with a money laundering case, Kuwait approved the creation of a new financial intelligence unit, and more, in this week's roundup.
U.S. Sen. Carl Levin (D-MI) reintroduced the Stop Tax Haven Abuse Act, the creator of Beanie Babies agreed to pay over $53 million for tax evasion, and more, in this week's roundup.
Federal officials will weigh whether financial institutions can bank medical marijuana shops, New York's financial regulators asks two financial consultancies for data and more, in this week's news roundup.