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Midweek Roundup: Iran Purportedly Expands its Financial Presence in Armenia, SEC Awards First Whistleblower Payout, and More
printA U.S. Justice Department probe of alleged sanctions violations at the Royal Bank of Scotland (RBS) has led to the departure of a senior risk manager, the Financial Times reported Tuesday. RBS first disclosed in a regulatory filing 18 months ago that it had potentially violated sanctions laws. More Commerzbank, which likewise had previously disclosed potential sanctions violations in its earnings reports, reiterated that it could pay a fine for violating U.S. sanctions against Iran, Cuba, Sudan and other nations. More Iran is eyeing neighboring Armenia as a means to bypass international sanctions on its banking sector, Reuters reported Tuesday....
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