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Midweek Roundup: Finra Reportedly Weighing Merrill Lynch Fine, Israel Questions Bank Leumi Execs, and More
printA decision by the Financial Action Task Force (FATF) to remove an advisory it published in June concerning corruption and suspicious financial activity in world soccer followed complaints from U.S. officials and other delegates to the intergovernmental group, Reuters reported, citing unnamed sources. More The Financial Industry Regulatory Authority could levy an enforcement action against Bank of America Merrill Lynch for failing to identify money laundering and other activity linked to an insider-trading scheme orchestrated by a former financial adviser, Reuters reported, citing an anonymous source. More Israeli police are investigating former Prime Minister Ehud Barak on suspicion of hiding...
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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.
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.
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.
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.
Uzbekistan has drafted a law intended to crack down on the abuse of offshore jurisdictions, the EU and Switzerland signed an agreement to clamp down on tax cheats, and more, in the midweek roundup.
British officials have collected 100 million pounds in revenue thus far from a tax on corporate-owned luxury homes that took effect last year, India revised its list of money laundering predicate crimes to include income tax evasion, and more, in the midweek roundup.
Capital One Financial Corp. disclosed it had received requests for information from federal prosecutors as part of a money laundering probe, a former Panama Supreme Court judge was sentenced to five years detention after pleading guilty to illicit enrichment, and more, in the midweek roundup.
Canada announced sanctions against 37 Russian and Ukrainian individuals and 17 entities, banks in Ireland need to improve AML training and risk assessment procedures, and more, in the midweek roundup.
The EU postponed the designations of 19 people and nine entities deemed responsible for instability in Ukraine, Iran will push for the removal of banking and trade restrictions imposed against it in upcoming nuclear negotiations with the U.S., and more, in the midweek roundup.
The Royal Bank of Canada is closing its wealth management offices in Brazil, Chile and other South American nations, Hong Kong's FIU received more than 100 STRs each day in 2014, and more, in the midweek roundup.
Expected EU sanctions aimed at Russia could include capital market restrictions, MasterCard has reversed its block on U.S.-issued card transactions in Cuba, and more, in the midweek roundup.
EU officials will appeal a high court ruling that removed Hamas from the 28-member bloc's blacklist, Colombia arrested the CEO of CI Goldex SA for allegedly executing the nation's largest-ever money laundering scheme, and more, in the midweek roundup.
Interpol issued an arrest warrant for former Ukraine president Viktor Yanukovych, Philippine investigators suspect that embattled Sen. Jinggoy Estrada laundered millions of dollars of bribes, and more, in the midweek roundup.
The Cayman Islands will not create a register of corporate beneficial owners, rampant corruption in public contracts has led to a widespread failure of Iraq's infrastructure, and more, in the midweek roundup.
Visa and MasterCard have suspended operations in Crimea in response to recently adopted U.S. sanctions, India's Enforcement Directorate charged five individuals with money laundering, and more, in the midweek roundup.
Australia's Westpac Banking Corp. is exiting the global remittance business due to regulatory pressure, former Bitcoin Foundation Inc. executive Charlie Shrem was sentenced to two years in prison, and more, in the midweek roundup.