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Midweek Roundup: Rabobank Officials Under Scrutiny, Deutsche Bank Probe Widens, and More
printU.S. officials suspect that Rabobank executives may have blocked internal efforts to conduct sufficient due diligence and investigate suspicious transactions and huge shipments of bulk cash tied to the Dutch lender's now-shuttered branch in Calexico, California, Bloomberg reported. More The U.S. federal and state money laundering investigation of roughly $6 billion in suspicious transactions processed by Deutsche Bank AG 's Moscow trading unit has expanded to include possible sanctions violations, according to a Financial Times report cited by Reuters. More Former U.S. House Speaker Dennis Hastert pleaded guilty Wednesday to violating federal banking laws by structuring cash withdrawals to avoid...
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Swift has informed its clients that more financial institutions have fallen victim to cyberattacks tied to its payment messaging service, Japan is calling for the adoption of new U.N. sanctions against North Korea, and more, in the midweek roundup.
The head of Europol said that money launderers are exploiting Europe's record-levels of human smuggling, Credit Suisse has terminated its onshore booking platform services for clients in Russia, and more, in the midweek roundup.
Syrian President Bashar al-Assad's uncle is under investigation in France on suspicion of tax fraud and money laundering, Pakistan's commerce minister asked bankers to draw up proposals for facilitating transactions to Iran, and more, in the midweek roundup.
The EU extended sanctions imposed in response to Russia's annexation of Crimea and Sevastopol, KPMG resigned as FIFA's auditor, and more, in the midweek roundup.
Former Brazilian President Luiz Inacio Lula da Silva could escape arrest and imprisonment for alleged money laundering, the governor of Bangladesh's central bank resigned after computer hackers managed to steal $81 million, and more, in the midweek roundup.
Japan's Financial Services Agency is expected to propose regulating virtual currencies as it does cash, French officials have completed a 5-year investigation of suspected tax evasion at UBS AG, and more, in the midweek roundup.
FATF gave a largely positive mutual evaluation report on Italy, Transparency International is seeking "social and political sanctions" against FIFA, and more, in the midweek roundup.
The Kremlin has asked the U.S. Treasury Department to produce proof that Russian President Vladimir Putin is corrupt, a U.N. panel advised the Security Council to place travel bans and asset freezes on South Sudan's president, and more, in the midweek roundup.
The U.S. Office of the Comptroller of the Currency is preparing an enforcement action against the Bank of China, Guernsey is looking to raise the cap on AML fines, and more, in the midweek roundup.
Sen. Ben Cardin and other lawmakers will seek to extend the soon-to-expire Iran Sanctions Act for another 10 years, Swiss officials have frozen approximately $80 million of assets linked to 14 FIFA officials, and more, in the midweek roundup.
An internal review by Deutsche Bank AG has uncovered at least $10 billion in suspicious transactions in its Russian branches, Cyprus' central bank revoked the license of FBME Bank Ltd for undisclosed reasons, and more, in the midweek roundup.
China asked the United States to more closely coordinate on terrorist financing cases, Greek police searched a UBS location in Athens for possible evidence of tax evasion, and more, in the midweek roundup.
New York federal jurors found former state Assembly Speaker Sheldon Silver guilty of money laundering, Russian officials plan to circulate a draft U.N. resolution targeting the funding portals of the Islamic State, and more, in the midweek roundup.
Bank of America has cut off its supply of U.S. banknotes to Angola, President Obama signed an executive order imposing asset freezes and visa restrictions against individuals in Burundi, and more, in the midweek roundup.
EU officials plan by June to issue recommendations for reducing the bloc's vulnerability to money laundering, Trinidad and Tobago is at risk of losing its membership in CFATF, and more, in the midweek roundup.
U.N. officials are considering targeted sanctions against leaders in Burundi, Israel's parliament is considering legislation that would expand the definition of "terrorist", and more, in the midweek roundup.
German authorities raided the headquarters of the country's top football association in Frankfurt, regulators in the Netherlands and Dubai have fined Dutch bank ABN Amro $625,000 and $640,000 respectively, and more, in the midweek roundup.
More than $200 million in donations given last year to nongovernmental organizations in Kenya originated from unknown sources, FATF said in a report that terrorist groups are primarily funding themselves through traditional methods, and more, in the midweek roundup.
FBI officials and U.S. federal prosecutors are investigating Goldman Sachs' involvement in several transactions tied to 1MDB, HSBC whistleblower Herve Falciani failed to show up for trial in a Swiss court, and more, in the midweek roundup.
U.S. lawmakers will seek to impose additional economic sanctions on North Korea, former Nigerian oil minister Diezani Alison-Madueke was arrested on suspicion of corruption and money laundering, and more, in the midweek roundup.