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Midweek Roundup: New York Approves Bitcoin Exchange’s AML Program, Iran Nuclear Deal in Peril, and More
printNew York's financial regulator has licensed Coin base to transact in digital currency and engage in money transmission following its review of the firm's anti-money laundering and cybersecurity controls, Reuters reported. More President-elect Donald Trump may cancel U.S. observance of an international nuclear accord that suspended global sanctions against Iran over concerns that the deal could spur a nuclear arms race in the Middle East, incoming Chief of Staff Reince Priebus said in an ABC News interview cited by Haaretz. More The United Kingdom may transform itself into a corporate tax haven if the European Union denies the country access...
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U.K. prosecutors involved in U.S. investigation of Societe Generale's alleged bribery scheme in Libya, Europol chief said banks largely avoided global "ransomware" attack, and more, in the midweek roundup.
Bitcoin exchanges struggling to clear U.S. dollars, EU officials make continued U.K. access to the single market access contingent on continued EU regulation, and more, in the midweek roundup.
Denmark's Danske Bank and Sweden's Nordea are cooperating with investigators probing a massive money laundering scheme, Ukrainian officials plan to blacklist foreign politicians who visited Crimea following its seizure by Russia, and more, in the midweek roundup.
Independent monitoring of Standard Chartered Bank's AML compliance efforts set to be extended, Canadian lender fined last year for AML lapses identified, and more, in the midweek roundup.
U.S. and U.K. banks consider quantifying regulatory risk posed by President Donald Trump, nonprofit accuses banking regulators of opacity, and more, in the midweek roundup.
Deutsche Bank accused of orchestrating $21 million Israeli tax-evasion scheme, Indian investigators screen 11 million bank accounts for signs of money laundering, and more, in the midweek roundup.
New Zealand publish plans to extend AML/CTF obligations to lawyers and accountants, European leaders support extension of sanctions against Russia, and more, in the midweek roundup.
The ex-chairman of Taiwan's Mega International Commercial Bank allegedly moved $7 million in illicit funds through Hong Kong, Russia blames foreign spies for cyberattacks on country's banks, and more, in the midweek roundup.
Spanish officials fined Santander Bank €1 million for "serious" AML deficiencies, the U.K. is unlikely to remain in the European Union's single market after exiting the economic bloc, and more, in the midweek roundup.
U.S. officials may ease trade and banking restrictions against Iran, Philippine bankers are under U.S. investigation for allegedly laundering as much as $81 million siphoned from Bangladesh Bank, and more, in the midweek roundup.
The European Union imposed further sanctions on Syria, a revised peace agreement between Colombian officials and FARC separatists requires the rebels to disclose their assets, and more, in the midweek roundup.
German officials intend to unveil measures to crack down on international tax havens, Brazilian President Dilma Rousseff vowed to fight efforts to impeach her over her alleged role in a massive money laundering scandal, and more, in the midweek roundup.
Russia plans to investigate whether the Russian nationals named in the Panama Papers violated any laws, officials in the Ukraine will probe President Petro Poroshenko over his ownership of three offshore companies with ties to Mossack Fonseca, and more, in the midweek roundup.
HSBC's independent compliance monitor has identified a number of potential regulatory lapses at the institution, criminals from around the world are increasingly turning to China to launder illicit funds, and more, in the midweek roundup.