Gambia accuses fugitive ex-president of stealing $50 million and freezes his assets, Andorran bank loses court appeal against designation by U.S. Treasury Department, and more, in the midweek roundup.
U.K. lawmaker wants only limited changes to rules for reporting suspicious financial activity, Swiss investigation of banks tied to 1MDB advances, and more, in this week's roundup.
The EU's highest court upheld sanctions levied last year against Russia-based weapons manufacturer Almaz-Antey, U.S. senators called for new sanctions against senior Venezuelan officials, and more, in the midweek roundup.
The ex-chairman of Taiwan's Mega International Commercial Bank allegedly moved $7 million in illicit funds through Hong Kong, Russia blames foreign spies for cyberattacks on country's banks, and more, in the midweek 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.
Bank of China plans compliance upgrades following New York's enforcement action against competitor, Iran finalizes first contract with Western energy firm, and more, in the midweek roundup.
One in four auditors worldwide say they have been pressured by corporate clients to alter the results of their findings, Hong Kong received nearly 60,000 suspicious transaction reports in the first nine months of 2016, and more, in the midweek roundup.
Several small banks in the U.K. are planning to relocate their operations to the EU by Christmas, London's lead over New York as the world's top financial center has narrowed significantly ahead of the U.K.'s planned departure from the EU, 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.
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.
German Chancellor Angela Merkel believes the EU should keep sanctions against Russia intact, Brazilian authorities are investigating banking transfers tied to an allegedly fraudulent Olympic ticket-selling scheme, and more, in the midweek roundup.
Swiss banking giants Credit Suisse and UBS AG are ramping up their efforts to secure business from wealthy Asian clients, Standard Charted hired former OFAC attorney Steve Munro to direct its sanctions compliance efforts, and more, in the midweek roundup.
Crédit Agricole will set aside an additional $384 million for a potential U.S. settlement of sanctions violations, the IMF recommended that Rwanda step up its efforts to prevent terror financing, and more, in the midweek roundup.
Western Union will commit additional resources beyond the $250 million it spends annually to prevent fraud and money laundering, the Dubai Financial Services Authority fined Arqaam Capital $50,000 for unspecified AML violations, and more, in the midweek roundup.