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Weekly Roundup: US Lawmakers Want Banks to Screen for Human Traffickers, UK Lawmakers Amend Asset Freezes, and More
printA bipartisan group of House lawmakers introduced a companion bill to U.S. Senate legislation that would require financial institutions to explicitly screen for transactions possibly tied to human traffickers. More The United Kingdom adopted legislation Thursday giving police new powers to seize suspected criminal assets and tackle money laundering, and giving the financial sector more legal protection to share information about suspicious transactions, the government said in a statement. More The New York State Department of Financial Services this month added three years to the amount of time that Standard Chartered Bank must submit to independent monitoring under its September...
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