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Weekly Roundup: U.S. Supreme Court to Weigh Financial Crime Cases, GAFILAT Issues Cuba Mutual Evaluation, and More
printThe U.S. Supreme Court said on Thursday that it would review whether the European Union can sue American tobacco firm R.J. Reynolds for purportedly running a money-laundering scheme in violation of federal civil racketeering laws, Reuters reported. EU officials have accused the company of smuggling illegal narcotics on behalf of Russian and Colombian traffickers. More The high court will also consider whether Bank Markazi will lose $1.75 billion to the family members of terrorist victims, according to the Associated Press. The central bank asserts that the U.S. Congress violated the constitutional separation of powers by passing a law in 2012...
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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.
Wells Fargo Bank must conduct an AML risk assessment under the terms of a consent order, U.S. officials blacklisted two Central African Republic militia commanders and four Burundi nationals, 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.
France says prepaid cards were used to fund Paris attacks, U.S. Department of Justice indicts 16 more in FIFA scandal, and more, in the weekly 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.
New York Gov. Andrew Cuomo reportedly seeks to rein in the state's banking regulator, Deutsche Bank sets aside over $1.3 billion for compliance-related penalties and litigation, and more, in this week's news roundup.
New York State has received 22 applications for BitLicenses, Brazilian authorities conducted 10 raids and made one arrest in a corruption probe, and more, in this week's roundup.
Canada's Superintendent of Financial Institutions found 72 money-laundering violations at banks between 2009 and 2014, Kenya removed money remitter Dahabshiil Kenya from a sanctions blacklist, and more, in this week's roundup.
Deutsche Bank acknowledged a money-laundering investigation linked to equity trades, Hong Kong fined the State Bank of India nearly $1 million, and more, in this week's news roundup.
Weekly Roundup: FIFA Official Extradited, UniCredit to Settle Tax Investigation in Germany, and More
UniCredit is set to pay millions of euros to German authorities to settle two different tax probes, as much as 25 percent of the funds used in Guatemalan politics originates from drug trafficking and other criminal groups, and more, in this week's roundup.
Cartels and terrorist organizations may be exploiting South Carolina's MSBs to launder billions of dollars, authorities charged Guatemalan former Vice President Roxana Baldetti with money laundering, and more, in this week's roundup.
The Justice Department and Privatbank Von Graffenried AG signed a non-prosecution agreement that will see the Swiss financial institution pay $287,000, the Bank of Israel fined Bank Leumi Ltd. over $1 million for failing to report unusual transactions, and more, in this week's roundup.
The U.S. Justice Department announced a non-prosecution agreement with Swiss bank Ersparniskasse Schaffhausen AG, Spanish authorities are calling for Gibraltar to be added to an EU list of uncooperative tax havens, and more, in this week's roundup.
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The White House is open to imposing sanctions on Venezuela after the failure of diplomatic efforts to secure electoral reform, federal law enforcement officials are investigating Wynn Resorts Ltd. for potential money laundering violations, and more, in this week's roundup.
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