Three intergovernmental groups are questioning the effectiveness of anti-money laundering controls meant to curb abuses of corrupt political figures who steal from their countries.
U.S. banks will face additional freeze orders and banking data requests from federal prosecutors when a new asset-freezing measure adopted Wednesday by U.S. lawmakers takes effect next year, say analysts.
The Council of the European Union agreed Monday to implement economic sanctions against Iran, including prohibitions on transactions involving Iranian banks and energy companies.