News
Weekly Roundup: Belgium Charges UBS with Money Laundering, Russia Readies Bond Sale, and More
printU.S. Assistant Attorney General Leslie Caldwell said at a recent industry conference that the Justice Department is currently investigating "a lot" of firms for potential violations of the Foreign Corrupt Practices Act, The Wall Street Journal reported. More A Belgian court indicted UBS AG on charges of money laundering and "serious and organized tax evasion," the Associated Press reported. The bank's now-sold Belgian subsidiary was charged in 2014 with helping Belgian citizens hide billions of euros in undeclared income. More Russian officials believe they have secured enough bank bids to issue the country's first sovereign bond since the imposition of...
TO READ THE FULL STORY
Subscribe
Learn More
Related News
Switzerland has agreed to the U.S. Justice Department's request to hand over records from UBS AG and at least 15 other banks linked to Petroleos de Venezuela SA, FinCEN and its Argentine counterpart entered into an MOU, and more, in this week's roundup.
France calls for Libya sanctions, Bank of China weighs potential settlement over Italian allegations of money laundering, and more, in this week's news roundups.
Iran's nuclear chief said that the country is on schedule to meet its commitments under the JCPOA, U.S. Bancorp disclosed that it has entered into a consent order with the OCC, and more, in this week's roundup.
New York Gov. Andrew Cuomo reportedly seeks to rein in the state's banking regulator, Deutsche Bank sets aside over $1.3 billion for compliance-related penalties and litigation, and more, in this week's news roundup.
An advocacy group criticizes the U.K.'s visa program, New Mexico's Secretary of State pleads guilty to money laundering and embezzlement charges, and more, in this week's news roundup.
A settlement by the U.S. Justice Department requires Swiss private bank BBVA Suiza S.A. to pay a $10.4 million penalty, France and the United Nations are considering imposing sanctions against individuals from the Central African Republic, and more, in this week's roundup.
U.S. prosecutors accuse two Beirut residents of helping Hezbollah launder drug money, FIFA suspends its president for ethics violations, and more, in this week's news roundup.
FATF released its first-ever mutual evaluation of Cuba, Deutsche Bank will invest in technology to better prevent money laundering, and more, in this week's roundup.
Chinese authorities are investigating managers of Swiss elevator firm Schindler on suspicion of embezzlement and bribery, former Detroit treasurer Jeffrey Beasley was sentenced to 11 years in prison for running a bribery and kickback scheme, and more, in this week's roundup.
Swiss officials review the role of safe-deposit-box companies in tax evasion, Malaysia blocks the planned handover of records on a troubled sovereign wealth fund, and more, in this week's news roundup.
Deutsche Bank could close its troubled investment banking unit in Russia, the head of New York Global Group faces money-laundering charges, and more, in this week's news roundup.
European financial regulators are pushing for greater transparency in the art market, Switzerland-based Schroder & Co. Bank AG has resolved tax evasion-related charges with U.S. federal prosecutors, and more, in this week's roundup.