News
Weekly Roundup: EU Levies New Russia Sanctions, Case Links Venezuelan Officials to Cartel, and More
printOn Friday, the Council of the European Union designated 15 individuals and 18 entities deemed responsible for compromising the territorial integrity of Ukraine, bringing the total number of persons and entities sanctioned by the EU to 87 and 20, respectively. More A day earlier, Canada blacklisted Novatek, Russia's second largest natural gas producer, Gazprombank, its third largest financial institution, and Vnesheconombank, a state-owned development bank, according to Reuters. Small arms producing company Kalashnikov, the manufacturer of the AK-47 assault rifle, was also added to Canada's list of designated entities. More Russian citizens are seeking fewer bank loans and converting liquid...
TO READ THE FULL STORY
Subscribe
Learn More
Related News
Canada's Superintendent of Financial Institutions found 72 money-laundering violations at banks between 2009 and 2014, Kenya removed money remitter Dahabshiil Kenya from a sanctions blacklist, and more, in this week's roundup.
Authorities are concerned that money launderers are using Myanmar's real estate sector, a study found that Swiss banks have lost $383 billion in the last six years partly due to fines, and more, in this week's roundup.
Argentina's tax enforcer raided the offices of HSBC in Buenos Aires as part of a money laundering probe, Canada is in the processing of creating a single, comprehensive sanctions list, and more, in this week's roundup.
Former South Carolina state representative Larkin Thaddaues Viers is accused of attempting to hide funds belonging to a convicted money launderer, Americans living abroad continue to renounce their U.S. citizenship possibly due to FATCA, and more, in the midweek roundup.
M&T Bank Corp. revealed it has spent more than $150 million boosting its AML program, the Asia Pacific Group on Money Laundering will allow North Korea to join the organization as an observer, and more, in this week's roundup.
A bill that would shift the oversight of MSBs to state regulators has passed the House of Representatives, Russia saw nearly $75 billion in capital flight in the first half of 2014, and more, in this week's roundup.
Russian officials said economic sanctions are threatening the economic well-being of their nation, marijuana distributers sued the IRS for charging them a fee for paying taxes in cash, and more in this week's roundup.
The Supreme Court nears a ruling on the long-running Arab Bank case, FATF spares Afghanistan from its blacklist, and more, in this week's news roundup.
Japanese legislators will not impose controls on the virtual currency market for the time being, Malaysian officials investigated some $4 billion for possible ties to money laundering between 2011 and 2013, and more, in this week's roundup.
A Florida debt broker was charged with bribery and money laundering, Discover Financial Services entered into a consent order with the FDIC for BSA deficiencies, and more, in this week's roundup.
India's Parliament approved amendments to strengthen the nation's anti-money laundering legislation, the European Union extended sanctions against President Bashar Assad's regime for three months, and more, in this week's roundup.
A former Illinois official pleaded guilty to a $53.7 million wire fraud and money laundering scheme, the U.S. Treasury Department blacklisted a senior Taliban leader as a specially designated narcotics trafficker, and more, in the weekly roundup.
The UK Revenue and Customs is investigating British residents who hold Jersey-based accounts with HSBC Holdings Plc., while the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) blacklisted Iran's communications minister and others Thursday.
Law enforcement officials in Italy temporarily shut down 21 money services businesses to investigate an alleged scheme to launder billions of euros, a prominent drug trafficking organization is using mining operations to launder funds, and more, in this week's roundup.
The FDIC issued three consent orders citing Bank Secrecy Act violations, China lost $3.79 trillion to illicit outflows between 2000 and 2011, and more, in the weekly roundup.