News
Weekly Roundup: U.S. Blacklists Venezuelan Bank, Eight Indicted for $45 Million Cyber-Heist, and More
printThe U.S. Treasury Department blacklisted Iranian Venezuelan Bi-National Bank (IVBB) Thursday for transacting with the sanctioned Export Development Bank of Iran (EDBI). Treasury said that EDBI, which supports Iran's nuclear programming, uses IVBB as an intermediary to transfer funds between China's Bank of Kunlun to EDBI. Kunlun was sanctioned under the Comprehensive Iran Sanctions, Accountability, and Divestment on July 2012. More Treasury also blacklisted Sambouk Shipping FZC and eight. Sambouk is connected to Greek national Dimitris Cambis, who was designated in March for purchasing oil with Iranian funds. More An indictment unsealed Thursday in a Brooklyn courthouse accuses eight men...
TO READ THE FULL STORY
Related News
The U.S. House of Representatives passed a measure Wednesday clearing the way for financial sanctions against Venezuelan officials implicated in the country's violent crackdown on antigovernment demonstrators.
U.S. lawmakers threaten to impose sanctions on Russia for harboring Edward Snowden, Switzerland transfers $962 million for backdated taxes, and more, in this week's news roundup.
The European Union's Court of Justice concluded that EU authorities unfairly froze the assets of a Saudi businessman accused of terrorist financing, Kuwait's Capital Markets Authority issued new AML guidelines, and more, in this week's roundup.
London-based Barclays Bank will close accounts for some 250 money services businesses by July 10, Ireland has transposed the Third EU Money Laundering Directive and addressed most of the deficiencies noted by FATF, and more, in this week's roundup.
The OECD says Portugal needs to better enforce its anti-bribery laws, the U.S. Treasury Department voices concerns about Iranian investments in Georgia, and more, in this week's news roundup.
The vice-governor of Austria's central bank and eight others were charged with bribery and money laundering, ten money services businesses were raided by police in London on suspicion of money laundering, and more, in this week's roundup.
France has expanded its probe of whether UBS AG has helped clients evade taxes, two Liberty Reserve employees pleaded not guilty to money laundering and operating an unlicensed MSB, and more, in this week's roundup.
U.K. leaders intend to review whether facilitation should be legal again, CFATF warns countries about the risks of Belize, Guyana and Dominica, and more, in this week's news roundup.
Italian prosecutors seize $10.5 billion from one of Europe's wealthiest families, a judge questions HSBC's agreement with the U.S. Justice Department, and more, in this week's news roundup.
Fifteen Palestinian men were arrested for allegedly running a $55 million cigarette smuggling scheme, a proposal that aims to revive Argentina's economy could attract money launders, and more, in this week's roundup.
President Barack Obama extended targeted sanctions against Myanmar for another year, Kenya approved regulations requiring money services businesses to register with the central bank, and more, in this week's roundup.
The Federal Deposit Insurance Corporation issued a pair of consent orders for Bank Secrecy Act violations, Germany and France urged the EU to strengthen its efforts against money laundering, and more, in this week's roundup.
The Office of the Comptroller of the Currency issued enforcement actions against two banks for BSA violations, the son of Senegal's ex-president was charged with corruption tied to $1.4 billion in illicit assets, and more, in the weekly roundup.
A Kenyan politician has been charged with money laundering in Tanzania, the Reserve Bank of India will take action against ICICI Bank, HDFC Bank and Axis Bank for alleged money laundering violations, and more, in the weekly roundup.
A group of investigative journalists reveal the identities of thousands of suspected tax evaders, U.S. prosecutors increasingly turn to a civil fraud statute to prosecute money launderers, and more, in this week's news roundup.
Twenty people who tried to smuggle $13 million out of Moscow's Vnukovo airport were arrested on money laundering charges, former Florida GOP Chairman Jim Greer was sentenced to nearly two years in prison for theft and money laundering, and more, in this week's roundup.
The U.S. State Department and OFAC blacklisted a Mali-based group, Finra fined KJM Securities $20,000 for failing to develop and implement an adequate written AML program, and more, in the weekly roundup.