The U.S. Federal Reserve Board barred five former Credit Suisse bankers from employment in the banking sector, Europol and Spain's Guardia Civil arrested 32 Chinese citizens suspected of laundering over 300 million euros, 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.
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.
The United Arab Emirates blacklisted 83 Islamist groups as terrorists, Belgian prosecutors charged HSBC's Switzerland-based private banking unit with "serious and organized" fraud, and more, in the midweek roundup.
Russian lender VTB Bank will reduce its presence in London and New York in response to Western sanctions, Peru is planning to create a special commission to investigate claims that over 100 government officials have drug ties, and more, in the midweek roundup.
Two U.K.-based directors of HSBC are set to resign, the EU is ready to toughen sanctions against Russia if the situation in Ukraine deteriorates, and more, in the midweek roundup.
Should suspicions that drug traffickers infiltrated the compliance department of a U.S.-owned bank in Mexico prove valid, it won't be the first example of such a scheme, or the last.
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.
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.
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.
The U.K.'s SFO froze approximately $23 million in an investigation examining alleged corruption in Ukraine, seventy-nine individuals have been arrested in Israel for alleged drug trafficking and money laundering, and more, in the midweek roundup.
Bank and credit union regulators issued 165 enforcement actions in the first quarter of 2014, the United Arab Emirates amended draft AML legislation to expand the number of money laundering offenses, and more, in the midweek roundup.
Mexico will soon draft a sanctions list targeting drug traffickers and money launderers, South Africa's central bank fined four banks for AML deficiencies, and more, in the midweek roundup.
The U.S. Justice Department plans to take creative steps to combat the abuse of virtual currencies, Nigeria risks suspension from FATF if it fails to boost its AML legislation before June 1, and more, in the midweek roundup.
Prominent Bitcoin advocate Charlie Shrem is in plea talks after federal prosecutors accused him of agreeing to help launder over $1 million in bitcoins, Maldives' Parliament approved new AML legislation, and more, in the midweek roundup.
The National Bank of Ukraine is investigating approximately 10 banks for possible money laundering, Nepal's Parliament approved three AML bills, and more, in the midweek roundup.
The son of Equatorial Guinea's President Teodoro Obiang Nguema has been indicted for money laundering in France, Brazilian authorities dismantled a $4 billion money laundering operation, and more, in this week's roundup.
Russias central bank revoked the licenses of three banks, the U.S. State Department published its annual International Narcotics Control Strategy report, and more, in the midweek roundup.
Some criminals in Australia are using Bitcoin to launder the proceeds of drug shipments, Cambodia approved new legislation that strengthens the mechanisms for freezing terrorist assets, and more, in the midweek roundup.