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Midweek Roundup: Swift Acknowledges ‘Cyber Incidents,’ Panama Leaks Link Putin to Magnitsky Case, and More
printThe Society for Worldwide Interbank Financial Telecommunication, or Swift, informed users of its messaging protocol that the cooperative has been the victim of recent "cyber incidents," Reuters reported. The disclosure follows news that cyber-thieves used Swift's platform in stealing $81 million held for Bangladesh Bank at the New York Federal Reserve Bank. More Qatar National Bank is investigating an alleged leak of some 1.4 gigabytes of data, including information on the Qatari royal family, the country's secret service and various accountholders, according to Middle East Eye. More Data leaked from Panama City-based law firm Mossack Fonseca indicate that Sergei Roldugin,...
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HSBC disclosed that its U.S. court-appointed monitor has voiced "significant concerns" about its AML efforts, Italian authorities fined Bank of China for money laundering violations, and more, in the midweek roundup.
A proposal that would empower U.K. officials to blacklist human rights abusers anywhere in the world and confiscate their assets may be scuppered by the government's reluctance to impose new responsibilities on banks ahead of Brexit, a British parliamentarian said Tuesday.
German Chancellor Angela Merkel believes the EU should keep sanctions against Russia intact, Brazilian authorities are investigating banking transfers tied to an allegedly fraudulent Olympic ticket-selling scheme, and more, in the midweek roundup.
Swiss private bank Falcon has been blocked from taking on new business in Singapore, Turkey asked FATF members to freeze the assets and bank accounts of the Gülenist Group, and more, in the midweek roundup.
Iran is weighing a return to global debt markets for the first time since 2002, Switzerland's top prosecutor charged 13 people for allegedly collecting approximately $15.2 million for the Tamil Tigers, and more, in the midweek roundup.
EU officials are meeting with businesses to encourage them to do business with Iran, Israeli lawmakers approved a counterterrorism law, and more, in the midweek roundup.
Germany is prepared to ease sanctions against Russia within the year, HSBC has implemented new restrictions on the use of safety-deposit boxes at its Hong Kong branches, 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.
FIFA is investigating former German soccer star Franz Beckenbauer for allegedly participating in a bribery scheme, Credit Suisse and Palantir Technologies CV have cofounded a project to detect potential misconduct by bank employees, and more, in the midweek roundup.
Former Brazilian President Luiz Inacio Lula da Silva could escape arrest and imprisonment for alleged money laundering, the governor of Bangladesh's central bank resigned after computer hackers managed to steal $81 million, and more, in the midweek roundup.
Bangladesh's central bank said computer hackers siphoned funds from its account at the U.S. Federal Reserve, the U.S. Treasury Department imposed new sanctions on the Lord's Resistance Army and its leader Joseph Kony, and more, in the midweek roundup.
Barclays Plc is reviewing cash transactions linked to its operations in South Africa for signs of money laundering, the IMF concluded that Islamic finance does not pose a greater money laundering threat than that of conventional finance, and more, in the midweek roundup.
Japan's Financial Services Agency is expected to propose regulating virtual currencies as it does cash, French officials have completed a 5-year investigation of suspected tax evasion at UBS AG, and more, in the midweek roundup.
Spanish police searched the Madrid branch of ICBC for alleged money laundering, Ecuador plans to charge national soccer federation president Luis Chiriboga Acosta with money laundering, and more, in this week's roundup.
FATF gave a largely positive mutual evaluation report on Italy, Transparency International is seeking "social and political sanctions" against FIFA, and more, in the midweek roundup.