News
Midweek Roundup: U.S. Ruling Limits Scope of Public Corruption Cases, France Investigates Assad’s Uncle, and More
printThe U.S. Supreme Court ruled unanimously in favor of overturning former Virginia Gov. Bob McDonnell's conviction on corruption charges, The New York Times said. The decision narrows the type of conduct that can be deemed "corrupt" to "formal and concrete" actions, such as agreeing to issue an official determination in exchange for a bribe. More Assistant U.S. Attorney Daniel Richenthal claimed in federal court that Chinese officials took part in the creation of a U.N.-linked news outlet that served as a conduit for bribes from a Macau billionaire to former General Assembly President John Ashe, Reuters said. Ashe, who served...
TO READ THE FULL STORY
Subscribe
Learn More
Related News
North Korean lenders continue using SWIFT, U.S. lawmakers push for congressional investigation of Deutsche Bank, and more, in the midweek roundup.
Dozens of U.S. and Cuban officials met with bankers from both nations last month, clients of Switzerland's Banca della Svizzera Italiana withdrew roughly $6.4 billion after news of 1MDB scandal broke, and more, in the midweek roundup.
Switzerland will soon give U.S. tax officials data on HSBC's private banking operations in the country, British parliamentarians called for the FCA to be stripped of its authority to punish banks, 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.
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.
EU officials are meeting with businesses to encourage them to do business with Iran, Israeli lawmakers approved a counterterrorism law, 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.
Former U.S. House Speaker Dennis Hastert pleaded guilty to violating federal banking laws by structuring cash withdrawals, residents of China are increasingly using underground banks to transfer funds abroad, 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.
FIFA officials permanently banned former Vice President Jack Warner for his alleged participation in a bribery scandal, China's FIU unit will sign a memorandum of understanding with FinCEN, and more, in the midweek roundup.
Australia's largest banks have told at least 17 virtual currency firms that they will close their accounts, illicit financial flows out of Russia from 1994 and 2012 exceeded $3.2 trillion, and more, in the midweek roundup.
The Nevada Gaming Control Board filed a 15-count complaint against Caesars Palace citing AML violations, Switzerland-based Bank La Roche & Co AG agreed to pay $9.3 million to settle tax evasion allegations, and more, in this midweek news roundup.
Group of 20 members reaffirmed their commitment to combat terrorist financing, U.S. and EU officials have finalized an agreement to exchange personal data in counterterrorist financing investigations, and more, in the midweek roundup.