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Weekly Roundup: U.S. Releases Report on Possible Saudi Link to 9/11, FinCEN Fines California Card Club, and More
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Australian gaming company pays $35 million to settle money laundering charges, U.S. lawmaker raises alarm over Deutsche Bank's loans to U.S. President Donald Trump, and more, in this week's roundup.
Banks helped U.K. law enforcement to identify 10 people suspected of making 1,985 fraudulent transactions, Colombia for the first time ever seized over $3 million in illegal mining assets from the FARC, and more, in this week's roundup.
Weekly Roundup: US Tags Chinese Bank with Enforcement Action, Hedge Fund Admits Corruption, and More
U.N. sanctions on Iran's Bank Sepah and Bank Sepah International were removed as part of a "secret" deal between U.S. and Iranian officials, the Fed ordered the Agricultural Bank of China to overhaul its AML program, and more, in this week's roundup.
OFAC designated the Pacnet Group as a transnational criminal organization, Canadian lenders Scotiabank, RBC and CIBC together formed nearly 2,000 offshore firms in the Bahamas according to leaked documents, and more, in this week's roundup.
Brazil's former President Luiz Inacio Lula da Silva denied wrongdoing after prosecutors charged him with money laundering, an Iranian lawmaker said that Iran's cooperation with FATF is crucial to the country's reengagement with the global financial system, and more, in this week's roundup.
Taiwan plans to bolster its anti-money laundering rules, U.S. and South Korean officials are considering imposing a new round of sanctions against North Korea, and more, in this week's roundup.
Malaysia will take legal action against individuals that played a role in defrauding 1Malaysia Development Bhd, American officials are preparing new sanctions against individuals and institutions purportedly linked to Hezbollah, and more, in this week's roundup.
U.S. prosecutors are investigating employees of Mossack Fonseca, while separately alleging that a painting by Claude Monet was used to launder money in connection with embezzlement from 1MDB, and more, in the weekly roundup.
For an indication of how difficult it can be to identify terrorism funding, even for federal investigators, read the previously-classified 28 pages of a congressional report on the Sept. 11 attacks.
JPMorgan Chase will pay $200 million to settle alleged FCPA violations, President Barack Obama plans to push for stronger global measures against tax evasion, and more, in this week's roundup.
German officials intend to unveil measures to crack down on international tax havens, Brazilian President Dilma Rousseff vowed to fight efforts to impeach her over her alleged role in a massive money laundering scandal, and more, in the midweek roundup.
Russia plans to investigate whether the Russian nationals named in the Panama Papers violated any laws, officials in the Ukraine will probe President Petro Poroshenko over his ownership of three offshore companies with ties to Mossack Fonseca, and more, in the midweek roundup.
HSBC's independent compliance monitor has identified a number of potential regulatory lapses at the institution, criminals from around the world are increasingly turning to China to launder illicit funds, and more, in the midweek roundup.
FIFA is investigating former German soccer star Franz Beckenbauer for allegedly participating in a bribery scheme, Credit Suisse and Palantir Technologies CV have cofounded a project to detect potential misconduct by bank employees, and more, in the midweek roundup.
Former Brazilian President Luiz Inacio Lula da Silva could escape arrest and imprisonment for alleged money laundering, the governor of Bangladesh's central bank resigned after computer hackers managed to steal $81 million, and more, in the midweek roundup.
Bangladesh's central bank said computer hackers siphoned funds from its account at the U.S. Federal Reserve, the U.S. Treasury Department imposed new sanctions on the Lord's Resistance Army and its leader Joseph Kony, and more, in the midweek roundup.
Barclays Plc is reviewing cash transactions linked to its operations in South Africa for signs of money laundering, the IMF concluded that Islamic finance does not pose a greater money laundering threat than that of conventional finance, and more, in the midweek roundup.
Spanish police searched the Madrid branch of ICBC for alleged money laundering, Ecuador plans to charge national soccer federation president Luis Chiriboga Acosta with money laundering, and more, in this week's roundup.
FATF gave a largely positive mutual evaluation report on Italy, Transparency International is seeking "social and political sanctions" against FIFA, and more, in the midweek roundup.
