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Weekly Roundup: Court Ruling Revives JPMorgan Whistleblower Lawsuit, Juarez Cartel Chief Nabbed, and More
printFederal investigators are scrutinizing U.S.-sourced investments into medical marijuana businesses in Canada for possible money laundering violations, Reuters reported Friday, citing a Drug Enforcement Administration official. More A U.S. appeals court Thursday reversed a lower court's decision to reject a whistleblower's lawsuit against JPMorgan Chase, according to Reuters. More Former bank vice president Jennifer Sharkey claims she was fired in retaliation for voicing concerns over potential fraud and money laundering activity linked to an Israeli client. The U.S. 9th Circuit Court of Appeals Thursday upheld last year's conviction of former Rep. Rick Renzi (R-AZ), the Associated Press reported. Renzi faces...
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Visa is calling for an independent and impartial group to oversee reforms at FIFA, Spanish officials accused prominent Madrid priest Jose Luis Montes of laundering millions of euros, and more, in this week's roundup.
Tunisia will investigate 256 of its citizens who have secret HSBC accounts in Switzerland, Canada's Supreme Court ruled that lawyers should be exempt from filing STRs on their clients, and more, in this week's roundup.
Islamic State is using Bitcoin and the Dark Web to recruit and fundraise, European Union leaders are mulling blocking Russia from Swift, and more, in this week's roundup.
North Korea is demanding that South Korea lift sanctions as a condition for bilateral talks, Billionaire Rinat Akhmetov was questioned over his suspected involvement in terrorist financing, and more, in this week's roundup.
Argentina's central bank fined HSBC's regional affiliate $10 million for AML violations, three senior AML and risk management officials at the Royal Bank of Scotland Group PLC have left or are planning to resign, and more, in this week's roundup.
Argentine authorities searched HSBC Argentina's headquarters in a tax evasion probe, Bangladesh's FIU published AML guidance on risk assessments, and more, in this week's roundup.
Efforts by U.S. states to legalize Internet gambling beyond New Jersey, Delaware and Nevada have come to a standstill, India's Reserve Bank advised nonbanking financial companies that their KYC procedures should be tailored to levels of risk, and more, in this week's roundup.
President Obama signed a Russia sanctions bill that allows the White House to blacklist individuals who invest in Russian deep water, Italy arrested 17 people suspected of running an international money laundering ring, and more, in this week's roundup.
Bank of America will process BNP Paribas' barred U.S. dollar transactions, a French charity secretly funneled money to terrorist groups, and more, in this week's news roundup.
Iran has generated $4.6 billion in revenues in the first six months of this year as a result of temporary sanctions relief, the former chairman of the Cayman Islands' Health Services Authority is accused of money laundering, and more, in this week's roundup.
The White House is open to imposing sanctions on Venezuela after the failure of diplomatic efforts to secure electoral reform, federal law enforcement officials are investigating Wynn Resorts Ltd. for potential money laundering violations, and more, in this week's roundup.
U.S. officials are considering imposing asset freezes and travel bans on Libyan factions and individuals, authorities in France and China are joining efforts to track down assets parked by corrupt Chinese officials in France, and more, in this week's roundup.
An Oregon ballot proposal to legalize growth, possession and use of marijuana has a lot of backing, Moldova's judiciary is under scrutiny for the role some 20 judges allegedly played in a money laundering scheme, and more, in this week's roundup.
Federal prosecutors have accused Scranton-based Pennsylvania Coin, LLC of running illegal gambling operations in five counties, Moscow-based VTB and Sberbank have asked the EU Court of Justice to overturn sanctions levied against them, and more, in this week's roundup.
London-based nonprofit group Global Witness published a report that cataloged 22 illicit finance cases involving U.S. shell companies, sanctions citing violence in Ukraine have caused more trouble for Europe than Russia, and more, in this week's roundup.
Criminals are laundering $140 million annually through bets placed on sporting events, Dutch authorities seized approximately 10 million euros in assets during a money laundering investigation, and more, in this week's roundup.
The New York State Department of Financial Services will begin testing how prepared banks are for cyber-threats, Brazil's central bank approved legislation that allows individuals to conduct financial transactions via their cell phones, and more, in this week's roundup.
The UAE's Federal National Council approved legislation requiring cross-border declarations of cash, the U.S. Treasury Department will view 2014 and 2015 as a "transition period" when enforcing the Foreign Account Tax Compliance Act, and more, in this week's roundup.
Brazil's Supreme Court ruled that a congressional inquiry into purported corruption by state-owned Petroleo Brasileiro SA can move forward, Southern Italy's organized crime groups are expanding their commercial reach, and more, in this week's roundup.
AUSTRAC revoked the license of a money remitter for AML deficiencies, Belgium will sign an intergovernmental agreement with the U.S. next week to implement FATCA, and more, in this week's roundup.