News
Weekly Roundup: Six Nations Agree to FATCA Programs, Putin Pardons Former Rival Accused of Laundering, and More
printThe U.S. Treasury Department disclosed intergovernmental agreements Thursday with Bermuda, Guernsey, the Isle of Man, Jersey, Malta and the Netherlands to participate in tax data-sharing programs outlined in the Foreign Account Tax Compliance Act, or FATCA. More Separately, the department blacklisted four members of Japan's Yakuza crime syndicate. More An Iranian deputy oil minister told Bloomberg that European and Asian banks will help the Persian country process payments following the expected easing of sanctions on oil exports. Tehran agreed last month to temporarily slow its nuclear program in exchange for limited sanctions relief. More Russian President Vladimir Putin pardoned former...
TO READ THE FULL STORY
Subscribe
Learn More
Related News
Swiss private bank investigated for alleged involvement in grand corruption and money-laundering scheme in Uzbekistan, Canada seeks to recover $300 million from offshore tax havens, and more, in this week's roundup.
Italian bank Intesa Sanpaolo is under investigation for potentially breaching EU sanctions, Deutsche Bank AG pulled its U.S. dollar-clearing services out of Angola amid concerns of corruption concerns, and more, in this week's roundup.
Insurance firm Lloyd's of London intends to move part of its U.K. operations to Europe early next year, EU officials plan to introduce legislation next year that would place new rules on tax advisors, and more, in this week's roundup.
A U.S. appeals court reversed a lower court's decision to reject a whistleblower's lawsuit against JPMorgan Chase, Europol has warned that Russian gangs are planning to launch a $1 billion cyber heist on global financial institutions, and more, in this week's roundup.
The deputy chief of the U.S. Justice Department's asset forfeiture and money laundering section will leave the position next month, Thailand is amending its anti-money laundering laws, and more, in this week's roundup.
An influential Senate subcommittee will hear testimony on tax evasion through offshore banks, Switzerland agrees to follow automatic data exchange standards and more, in this week's news roundup.
Guyana failed to approve AML legislation ahead of this week's FATF plenary, Fiji is expanding the powers of its law enforcement by allowing phone tapping in order to boost its fight against money laundering, and more, in this week's roundup.
The Obama administration agreed to a 180-day waiver allowing non-U.S. companies to provide satellite services to the Islamic Republic of Iran Broadcasting, a Guyanese group has accused the People's Progressive Party of deliberately failing to enforce AML rules, and more, in this week's roundup.
FDIC issues actions against two banks for anti-money laundering deficiencies, four New Jersey institutions opt for state charters to avoid OCC oversight, Finra fines brokerage for cartel ties and more.
Mexico City prosecutors accused the former head of the nation's anti-money laundering office of extortion, French lawmakers are demanding that France put Bermuda back on the nation's list of tax havens, and more, in this week's roundup.
The U.S. Justice Department seizes digital funds tied to an Internet black market, Republicans line up behind effort to fight FATCA and more, in this week's news roundup.
The director of Colombia's FIU said that the Colombian government lost $18 billion in 2012 to money laundering, the New York State Department of Financial Services said its public hearing on digital currencies will take place on Jan. 28 and 29, and more, in this week's roundup.
Argentina extended a tax amnesty program for residents who haven't declared foreign currency, Ecuadorean authorities are investigating fraud and money laundering associated with the use of Venezuela's sucre, and more, in this week's roundup.
The FDIC entered into a consent order with a West Virginia bank for AML deficiencies, France plans to remove Jersey and Bermuda from its list of uncooperative tax havens, and more, in this week's roundup.
The U.S. Treasury Department added over 15 entities to its Iranian sanctions list, Finra fined Hambrecht+Co. $75,000 for inadequate anti-money laundering procedures, and more, in this week's roundup.
China prohibits the trading of bitcoins by financial institutions over money laundering concerns, the U.K. closes 100 suspicious Bank of Cyprus accounts, and more, in this week's news roundup.
CFATF blacklisted Belize and Guyana for failing to improve their AML regimes, the Dubai Financial Services Authority is suing Deutsche Bank AG for allegedly breaking AML rules, and more, in this week's roundup.
Mauritanian officials are creating a Serious Fraud Office, Boston mobster James "Whitey" Bulger was sentenced to life in prison for murder and money laundering, and more, in this week's roundup.
The Tax Justice Network concluded Switzerland remains the top financial secrecy jurisdiction in the world, a U.S. foreign official pleaded guilty to money laundering, and more, in this week's roundup.
Britain plans a public database of company beneficial ownership information, sanctioned Syria is turning to second-tier Russian banks to access international markets, a co-founder of Liberty Reserve pleaded guilty to money laundering, and more, in the weekly news roundup.