News
Midweek Roundup: Treasury Blacklists Sinaloa Money Launderer, Thailand Reportedly Bans Bitcoin, and More
printThe Vatican revealed on Monday that its Financial Intelligence Authority and Italy's financial intelligence unit have signed a memorandum of understanding to exchange information related to money laundering and terrorist financing. The city-state has entered into similar agreements with Belgium and the United States. More The U.S. Treasury Department blacklisted three businesses and three individuals, including a Mexican attorney and notary public believed to have helped the Sinaloa Cartel create front companies used to launder drug proceeds. The attorney, Jose Antonio Nunez Bedoya, allegedly notarized real estate purchases on behalf of entities included on the department's sanctions list. More A...
TO READ THE FULL STORY
Subscribe
Learn More
Related News
Finra fined a Columbus, OH-based firm $50,000 for AML violations, Bangladesh's FIU published a 1-year long AML action plan, and more, in the midweek roundup.
A New York art dealer pleaded guilty to money laundering and tax offenses, Brazil's Supreme Court voted 6-5 to accept the appeal of defendants found guilty of Brazil's largest political corruption case, and more, in the midweek roundup.
Bangladeshi officials are set to file tax evasion charges against a Nobel Peace Prize winner, the NCUA issued an enforcement action against North Dade Community Development Federal Credit Union for BSA violations, and more, in the midweek roundup.
As digital currencies like Bitcoin continue to gain popularity, banks may have to train their compliance officers on the technical means to trace such money movements, according to Daniel Wood, an assistant general counsel with the Texas Department of Banking.
Egypt's ouster of Mohamed Mursi's government has indefinitely stalled plans to return looted Egyptian assets held in Swiss bank accounts, Liechtenstein has adopted a draft law that revises the nation's bilateral double taxation agreement with Austria, and more, in the midweek roundup.
The second installation of a two-part story on how the Bitcoin market is changing under the scrutiny of federal and state officials.
Iran is increasing its importation of alumina from China and India, Interpol is forming a task force to assist the repatriation of money stolen by the deposed government of Colonel Moammar Gadhafi, and more, in the midweek roundup.
Even as the use of Bitcoin grows, the differences in opinion about the risks the digital currency poses only seems to get larger.
Two men in a Miami federal court pleaded not guilty to terrorist financing charges, Singapore strengthened its counterterrorist financing regime, and more, in the midweek roundup.
The FBI is probing software company Ebix Inc. for suspected money laundering, a group of 76 U.S. senators urged President Obama to implement tougher sanctions against Iran, and more, in the midweek roundup.
The Swiss Federal Criminal Court stopped the transfer of banking data to Italy on the grounds the information sharing violated the rights of nine people accused of money laundering, the U.S. Treasury Department designated two Mexican nationals for their ties to Los Zetas cartel, and more.
The United Kingdom could ban bearer shares, the Reserve Bank of India fined 22 banks for AML violations, and more, in the midweek roundup.
A French probe into HSBC has uncovered $5 billion in undeclared assets, HMRC advised U.K-based exchangers of Bitcoin that they do not have to register as money services businesses, and more, in the midweek roundup.
New York District Judge John Gleeson signed off on HSBC's $1.9 billion deferred prosecution agreement, Italian prosecutors have concluded a money laundering investigation of two former Vatican managers and will likely indict, and more, in the midweek roundup.
Former Mexican Governor Andres Granier is accused of money laundering, Pope Francis established a special commission to increase transparency at Vatican Bank, and more, in the midweek roundup.
Austria's central bank suspended its deputy governor following corruption allegations, a group of at least 1,173 shell companies in Russia is alleged to have conducted $24 billion in illegal transactions, and more, in the midweek roundup.