News

Federal prosecutors in Washington, D.C., are investigating Deutsche Bank on suspicion of anti-financial-crime compliance violations stemming from its relationship with 1MDB, the Malaysian state fund at the center of a multibillion-dollar embezzlement and money laundering scandal, The Wall Street Journal reported. More Hip-hop artist Pras Michel made his second court appearance to face accusations that he funneled millions of dollars stolen from 1MDB to former President Barack Obama's 2012 re-election campaign, the Washington Post reported. More Federal Reserve Chairman Jerome Powell said the regulator is reviewing the risk of financial crime posed by Facebook's planned cryptocurrency Libra, ACAMS moneylaundering.com reported....