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Weekly Roundup: US Tags Chinese Bank with Enforcement Action, Hedge Fund Admits Corruption, and More
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Swiss private bank installs Bitcoin ATM, U.S. lawmakers propose new sanctions against foreign banks tied to North Korea, and more, in this week's roundup.
U.K. and French tax investigators uncover an alleged £440 million scheme to launder alcohol-fraud profits, U.S. special prosecutor focusing on allegedly illicit transactions by associates of President Donald Trump, and more, in this week's roundup.
Deutsche Bank close to settling Federal Reserve investigation, Justice Department houses federal attorney with U.K. Financial Conduct Authority, and more, in this week's roundup.
Credit Suisse reportedly investigating mirror-trade scheme involving Russian subsidiary, China threatens to close Bitcoin exchanges caught violating anti-money laundering regulations, and more, in this week's roundup.
A U.K. court jailed two London-based traders Friday for conspiring to defraud Russian lender Otkritie FC Bank of $175 million before laundering the proceeds through overseas accounts held under the names of offshore shell companies.
President-elect Donald Trump's advisors are considering options for expanding sanctions against Iran, the European Council proposed designating the sale of high-value cultural items pillaged from conflict zones in Syria as terrorist financing, and more, in this week's roundup.
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.
French lawmakers are set to vote on legislation that would establish a new anti-graft agency, the Federal Reserve entered into a written agreement with Liberty Bank, and more, in this week's roundup.
HSBC said it has failed to create an effective U.S. risk management program as required in a 2010 action, New York Governor Mario Cuomo approved a new law classifying certain fantasy sports as games of skill, and more, in this week's roundup.
U.S. prosecutors are investigating employees of Mossack Fonseca, while separately alleging that a painting by Claude Monet was used to launder money in connection with embezzlement from 1MDB, and more, in the weekly roundup.
JPMorgan Chase will pay $200 million to settle alleged FCPA violations, President Barack Obama plans to push for stronger global measures against tax evasion, and more, in this week's roundup.
FinCEN imposed a $2.8 million monetary penalty against a Californian-based card club, House lawmakers approved legislation that would block a planned deal between Boeing and Iran Air, and more, in this week's roundup.
Weekly Roundup: U.N. Chief Condemns Iran Missile Tests, House Approves FinCEN Budget Boost, and More
Former FIFA President Sepp Blatter plans to appeal his 6-year ban from soccer, Mexican lawmakers adopted anticorruption legislation, and more, in this week's roundup.
Myanmar and Sudan have dropped to the worst-offenders category for human trafficking in an annual report by the State Department, the Real Estate Council of British Columbia will soon have its self-regulating powers revoked, and more, in this week's roundup.
The U.S. Justice Department is probing the Israeli arm of Credit Suisse for allegedly helping clients evade the taxes, Swiss private bank BSI is appealing a $99 million fine imposed by Finma, and more, in this week's roundup.
EU authorities removed Iran's national airline from a list of carriers banned or restricted from flying to European destinations, the OCC released two AML consent orders, and more, in this week's roundup.
