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Britain's Defense Ministry allegedly rerouted secret quarterly payments to Saudi-controlled bank accounts in the U.S. to a Saudi-controlled account in Cheltenham, U.K., after the Serious Fraud Office began investigating claims that BAE had bribed Saudi officials to secure a £40 billion arms-export contract, the Guardian reported. More Berlin-based Solaris, the largest "banking as a service" provider in Europe, has been fined a record €6.5 million in Germany for failing to promptly report suspicious activity, ACAMS moneylaundering.com reported. More Swiss prosecutors proposed to fine now-defunct lender BSI more than $4 million and give a former banker at the institution a six-month...