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Midweek Roundup: U.S. Officials Struggling to Recoup Corrupt Assets, Nevada Gaming Official Resigns, and More
printMost of the $1.5 billion in illicit gains sought by federal prosecutors as part of a U.S. Justice Department program targeting corrupt foreign officials remains out of reach because of a lack of cooperation from foreign investigators and the challenge of proving that the suspects violated anti-corruption laws in their home countries, The New York Times reported. More Lowering the $3,000 reporting threshold may reduce the compliance risks associated with U.S. money transmitters but a related proposal to require them to verify the legal immigration status of their customers likely wouldn't benefit federal anti-money laundering (AML) efforts, industry representatives told...
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