News
Midweek Roundup: U.S. Investigates Money Laundering at Cantor Affiliate, Deutsche Boerse Faces OFAC Fine, and More
printFederal and state authorities are investigating Cantor Gaming, an affiliate of bond firm Cantor Fitzgerald LP, as part of a money laundering probe, The Wall Street Journal reported, citing individuals familiar with the matter. Cantor Gaming's former director of risk management pleaded guilty in August to accepting illegal bets. More German exchange operator Deutsche Boerse AG disclosed on Monday that it faces a potential $168 million fine by the U.S. Office of Foreign Assets Control for Iran sanctions violations. The penalty, which could be reduced by 10 percent, stems from the maintenance of an omnibus account in the United States...
TO READ THE FULL STORY
Subscribe
Learn More
Related News
U.S. and Manhattan officials have added three years to the terms of their original 2012 DPA of Standard Chartered Bank, Israel arrested 28 individuals suspected of facilitating a tax evasion scheme via UBS AG bank accounts, and more, in the midweek roundup.
A former Ohio deputy treasurer pleaded guilty to bribery and money laundering, Malta's financial intelligence unit is planning to conduct a national risk assessment, and more, in the midweek roundup.
Saudi Arabia's Council of Ministers approved a bill that strengthens controls over terrorist financing, Austrac fined an MSB Over $200,000 for failing to have its affiliates registered, and more, in the midweek roundup.
Vatican Bank has identified more than 100 suspicious transactions this year, a court sentenced former Goldman Sachs banker Elias Preko to over four years in prison for laundering $5 million, and more, in the midweek roundup.
The FDIC disclosed two consent orders for BSA violations, turmoil related to the Arab Spring has resulted in a rise in Tunisian money laundering, and more, in the midweek roundup.
Switzerland has repatriated $700 million looted by the late General Sani Abacha back to Nigeria, the Philippines' central bank has temporarily suspended KYC requirements for banks serving typhoon Yolanda victims, and more, in the midweek roundup.
Iran's state-owned National Iranian Gas Company could shut its doors due to financial losses, a former Venezuelan state banking official pleaded guilty to money laundering, and more, in the midweek roundup.
Terrorists in West Africa often use drug and weapons trafficking to fund their operations, the SEC entered into its first-ever deferred prosecution agreement with an individual, and more, in the midweek roundup.
Deutsche Borse AG will pay $151,902,000 to resolve an investigation by the US Treasury Department's Office of Foreign Assets Control (OFAC), according to a press release the German exchange issued Thursday.
A federal judge has agreed to sign off on a plan to settle a civil money laundering case against SAC Capital Advisors LP, France will remove Jersey from its tax blacklist if the jurisdiction improves how it responds to data requests, and more, in the midweek roundup.
Japanese officials have increased pressure on Japan's organized crime groups, Singapore is conducting a national assessment to gauge money laundering risks, and more, in the midweek roundup.
Belgian authorities raided the homes of 20 HSBC customers as part of an tax evasion investigation, Swiss authorities furthered loosened bank secrecy standards, and more, in the midweek roundup.
Ireland's central bank fined XA MPS Financial Limited approximately $67,580 for AML violations, a court sentenced former Greek Defense Minister Akis Tsochadzopoulos to 20 years in prison for money laundering, and more, in the midweek roundup.
Canada's FIU fined seven financial institutions in the past 10 months for AML violations, the Reserve Bank of India is now required to share suspected money laundering violations with other agencies, and more, in the midweek roundup.
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.