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Midweek Roundup: Compliance Officers See Bigger Raises, U.K. Funds May Have Gone to Ibori, and More
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The EU Parliament officially endorsed the economic bloc's Fourth Anti-Money Laundering Directive, the Cuban government has established a relationship with an unidentified U.S. bank, and more, in the midweek roundup.
German exports to Iran in the first eight months of this year rose 33 percent over the same period last year, Spanish singer Isabel Pantoja has been sentenced to two years imprisonment for laundering public funds illegally obtained by her ex-boyfriend, and more, in the midweek roundup.
A deal to end longstanding sanctions against Iran is unlikely to come together ahead of a Nov. 24 deadline, some banks in Hong Kong are turning away American taxpayers because of FATCA requirements, and more, in the midweek roundup.
The Group of 20 nations agreed over the weekend to implement mechanisms to automatically exchange tax information, FinCEN completed its BSA IT Modernization project on schedule and under budget, and more, in the midweek roundup.
Britain's National Crime Agency is launching a coordinated crackdown on money laundering in the City of London, the EU Commission advanced proposals to member-states on deeper sanctions against Russia, and more, in the midweek roundup.
U.S. and EU officials are considering asset freezes and travel bans on the leaders of rebel groups in Libya, India's Reserve Bank issued simplified due diligence rules for low-risk customers, and more, in the midweek roundup.
Uganda launched a Financial Intelligence Authority to combat money laundering, terrorist financiers are increasingly using Twitter and Facebook to solicit donations for designated groups operating in Syria and other conflict zones, and more, in the midweek roundup.
Russian banks hit with expanded U.S. sanctions say the measures will have little impact on their business, Fintrac released two separate fines against MSBs for AML deficiencies, and more, in the midweek roundup.
French authorities are formally investigating UBS AG for money laundering violations, China and Macau have entered into an MOU to cooperate in the fight against money laundering, and more, in the midweek roundup.
The Vatican appointed French financier Jean-Baptiste de Franssu to head its bank, Singapore issued guidelines on how financial institutions should comply with customer due diligence requirements, and more, in the midweek roundup.
Former French President Nicolas Sarkozy is suspected of corruption, SARs filed in Switzerland in 2013 reflect the growth of organized crime groups, and more, in the midweek roundup.
The Obama administration is preparing sanctions targeting Russia's financial, energy and defense industries, Iran is asking HSBC to process humanitarian aid-related transactions it has frozen, and more, in the midweek roundup.
M&T Bank Corp. was ordered to forfeit $560,000 for failing to file eight CTRs, a Malaysian Buddhist nun is suspected of laundering over $4.3 million, and more, in the midweek roundup.
South Africa joined the bevy of countries that have signed onto FATCA, U.S. officials arrested 27 Mexican nationals for allegedly laundering money, and more, in this week's roundup.
Belgium has launched a money laundering investigation of Swiss Bank UBS AG, tens of thousands of financial institutions have registered under FATCA, and more, in the midweek roundup.
Hong Kong is expected to extend money laundering laws to lawyers, accountants, property agencies and jewelry shops, FATF will blacklist Afghanistan if the country doesn't soon adopt AML laws, and more, in the midweek roundup.
A former prime minister of Curacao was detained in the island-nation on suspicion of money laundering, four senior executives at a publically-traded real estate company in Israel were arrested for allegedly laundering money, and more, in the midweek roundup.
Job openings at London-based financial companies rose 67 percent in April, Egypt's President Adly Mansou approved an amendment to the country's AML law, and more, in the midweek roundup.
Singapore agreed to a Model 1 intergovernmental agreement to comply with FATCA, JPMorgan Chase is closing accounts and stopping credit card services for all current and former foreign government officials, and more, in the midweek roundup.
Approximately $763 billion in illicit funds circulated in and out of Russia between 1994 and 2011, former Florida Republican Party Chair Jim Greer pleaded guilty to money laundering, and more, in the midweek roundup.
