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Midweek Roundup: Taiwan Drops Probe Against Mega Bank, Trump’s Casino Repeatedly Breached AML Rules, and More
printTaiwanese prosecutors said there is no evidence of money laundering at Mega International Commercial Bank, which U.S. authorities fined $180 million last year for failing to report suspicious transactions between its New York and Panama branches, according to Channel NewsAsia. More U.S. Treasury Department records show that President Donald Trump's Taj Mahal Casino in Atlantic City paid a $477,000 fine in 1998 to settle accusations that it repeatedly failed to report transactions above $10,000, a CNN investigation found. More The U.S. Treasury Department in the past year flagged half of the all-cash luxury home purchases in Miami-Dade County made by...
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