News
Midweek Roundup: US Lawmakers Revive Plans for Corporate Transparency, Lloyds Bank Failed to Track Wire Fraud, and More
printA pair of U.S. lawmakers will reintroduce legislation requiring all states to track the real owners of local businesses amid concerns that Russia is using U.S. shell companies to spread its influence, the Financial Times reported. More U.S. officials investigating Russia's alleged attempts to influence last year's presidential election are focusing on payments made to former National Security Adviser Michael Flynn's consulting company by three Russian entities and one Netherlands-based firm controlled by a Turkish national, anonymous sources told Reuters. More Lloyds Bank ignored regulatory guidelines and told a customer who was a wire-fraud victim to ask Barclays Bank to...
TO READ THE FULL STORY
Subscribe
Learn More
Related News
U.K. identity thief used passports of newborns to remit illicit proceeds, former Israeli prime minister granted early release for corruption conviction, and more.
Portuguese bank suspected of laundering Venezuelan state assets, powerful new global ransomware virus demands payments in Bitcoin, and more, in the midweek roundup.
The Trump Organization allegedly partnered with corrupt local official to develop hotel in Azerbaijan that never opened, Russia plans to close more banks involved in illicit finance, and more, in the midweek roundup.
Independent monitoring of Standard Chartered Bank's AML compliance efforts set to be extended, Canadian lender fined last year for AML lapses identified, and more, in the midweek roundup.
HSBC disclosed that its U.S. court-appointed monitor has voiced "significant concerns" about its AML efforts, Italian authorities fined Bank of China for money laundering violations, and more, in the midweek roundup.
U.S. and U.K. banks consider quantifying regulatory risk posed by President Donald Trump, nonprofit accuses banking regulators of opacity, and more, in the midweek roundup.
Deutsche Bank accused of orchestrating $21 million Israeli tax-evasion scheme, Indian investigators screen 11 million bank accounts for signs of money laundering, and more, in the midweek roundup.
German officials intend to unveil measures to crack down on international tax havens, Brazilian President Dilma Rousseff vowed to fight efforts to impeach her over her alleged role in a massive money laundering scandal, and more, in the midweek roundup.
Russia plans to investigate whether the Russian nationals named in the Panama Papers violated any laws, officials in the Ukraine will probe President Petro Poroshenko over his ownership of three offshore companies with ties to Mossack Fonseca, and more, in the midweek roundup.