News
Midweek Roundup: Tesco Bank Accounts Hacked and Robbed, Global Nuclear Accord in Doubt, and More
printNearly one-third of depository accounts at Tesco Bank were compromised and Â?2.5 million stolen from 9,000 customers as a result of one of the largest-ever cyberattacks on a U.K. bank, the Financial Times and the Guardian separately reported. More and More A global nuclear deal suspending international sanctions against Iran may be in jeopardy following the election of Donald Trump to the presidency, Reuters reported. More Iran has agreed a $6 billion contract with Total, the first such agreement with a Western firm since the nuclear accord took effect in January, The Wall Street Journal said. More Iran is also...
TO READ THE FULL STORY
Subscribe
Learn More
Related News
Flat budget for U.S. Treasury Department's counterterrrorist financing and anti-money laundering personnel, Taiwanese bank fined just $33,000 for dozens of compliance failures, and more, in the midweek roundup.
U.S. lawmakers call for federal regulatory guidance on banking cannabis businesses, India's Mumbai Bank is fined less than $1,500 for nearly 500 know-your-customer failures, 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.
U.K. lawmakers agreed to support the government's deadline to exit the European Union, Hong Kong investigates several brokers suspected of breaching compliance rules, and more, in this week's 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.
U.K. regulator won't adopt the U.S. system of allowing companies accused of misconduct to supervise their own investigations, another hacking syndicate targets banks through SWIFT, and more, in the midweek roundup.
The U.K. FCA levied 27 enforcement actions against individuals in 2015, U.S. and U.K. authorities are investigating whether "mirror trades" conducted by Deutsche Bank's equity desk in Moscow helped wealthy Russians violate AML rules, and more, in the midweek roundup.
U.S. lawsuits brought by 9/11 victims against Saudi Arabia can proceed after American lawmakers overrode a veto by the Obama administration, federal prosecutors investigating the Standard Chartered's alleged involvement in a bribery scheme in Indonesia, and more, in the midweek roundup.
Reps. Ted Poe and Dana Rohrabacher introduced legislation calling for Pakistan to be blacklisted as a state sponsor of terrorism, financial institutions in Singapore filed over 30,000 STRs in 2015, and more, in the midweek roundup.
Brazilian prosecutors accused former President Luiz Inacio Lula da Silva of being the "top boss" in the massive corruption scandal, Taiwan's banking regulator fined Mega Financial Holding $317,000 for AML compliance failures, and more, in the midweek roundup.
Mexico's Supreme Court overturned two state anti-corruption laws, former French minister Jerome Cahuzac appeared in court to face allegations of tax fraud and money laundering, and more, in the midweek roundup.
Swift has informed its clients that more financial institutions have fallen victim to cyberattacks tied to its payment messaging service, Japan is calling for the adoption of new U.N. sanctions against North Korea, and more, in the midweek roundup.