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Midweek Roundup: Russia Ties More Banks to Mirror Trades, Three Latvian Lenders Fined for Compliance Breaches, and More
printRussia's central bank said that lenders moved some $13.5 billion in suspicious funds out of the country through "mirror trades" from 2014 to 2016, and that the scandal extends beyond Deutsche Bank AG, which settled related U.S. and U.K. charges earlier this year, Bloomberg reported. More Latvia's banking regulator fined three local banks a combined $722,500 for breaching anti-money laundering rules and allowing clients to circumvent EU and U.N. sanctions against North Korea, Reuters reported. More U.S. prosecutors said Colombia's police detained a top anti-corruption official and a local associate on U.S. charges that they attempted to solicit and launder...
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