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Midweek Roundup: German Regulator Probes Alleged Deutsche Bank AML Violations, Mexican Kingpin Gets 15 Years, and More
printGermany's BaFin is investigating whether Deutsche Bank needs to improve its anti-money laundering (AML) controls, Reuters reported Saturday, citing Welt am Sonntag. Regulatory officials believe the financial institutions may have filed suspicious transaction reports too late, a violation that could cost the bank up to 100,000 euros. More A U.K. court is expected to order the British government to pay for Iran-based Bank Mellat's legal costs after the Supreme Court sided with the blacklisted financial institution in a case disputing economic sanctions against it, the Telegraph said. Lawyers for Bank Mellat intend to sue for 500 million pounds in damages...
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Belgian authorities raided the homes of 20 HSBC customers as part of an tax evasion investigation, Swiss authorities furthered loosened bank secrecy standards, and more, in the midweek roundup.
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Finra fined a Columbus, OH-based firm $50,000 for AML violations, Bangladesh's FIU published a 1-year long AML action plan, and more, in the midweek roundup.
A New York art dealer pleaded guilty to money laundering and tax offenses, Brazil's Supreme Court voted 6-5 to accept the appeal of defendants found guilty of Brazil's largest political corruption case, and more, in the midweek roundup.
Bangladeshi officials are set to file tax evasion charges against a Nobel Peace Prize winner, the NCUA issued an enforcement action against North Dade Community Development Federal Credit Union for BSA violations, and more, in the midweek roundup.
Egypt's ouster of Mohamed Mursi's government has indefinitely stalled plans to return looted Egyptian assets held in Swiss bank accounts, Liechtenstein has adopted a draft law that revises the nation's bilateral double taxation agreement with Austria, and more, in the midweek roundup.
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The European Union tightened sanctions against Syria, Switzerland said that it will widen the power of its anti-money laundering unit, and more, in the midweek roundup.
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