U.S. Democratic lawmakers in a letter asked the Justice Department whether its decision to settle a money laundering case against Russia's Prevezon Holdings Ltd. two months ago was in any way connected to a meeting last year between the defendant's Russian lawyer and President Donald Trump's campaign advisors, including his eldest son, Donald Trump Jr., Business Insider said. More and More A federal appeals court in Manhattan overturned the 2015 conviction of former New York State Assembly Speaker Sheldon Silver on extortion, bribery and conspiracy charges, claiming that the jury did not fully understand what constitutes an "official act" under...
Deutsche Bank has enacted a hiring freeze amid a series of expensive legal and regulatory settlements, U.S. officials are preparing a new round of sanctions against Russia, and more, in this week's roundup.
Germany may push the EU to adopt a new round of sanctions against Russia, Bank of Tokyo-Mitsubishi, HSBC and OCBC Bank are set to test the use of blockchain technology to screen transactions in a trial run, and more, in this week's roundup.
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.
Approximately $50 billion is laundered through Mexican financial institutions every year, Deutsche Bank's Chief Information Security urged the global messaging system known as Swift to strengthen its security processes, and more, in this week's roundup.