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Weekly Roundup: DOJ Asks Banks to Inform on Employees, EU Court Overturns Iran Central Bank Sanctions, and More
printIn a speech delivered Wednesday, a senior federal prosecutor called upon banks targeted for investigation to avoid the fate of BNP Paribas and Credit Suisse by identifying guilty employees and executives in exchange for possibly lighter penalties. More A Paris appeals court will rule Sept. 22 whether Swiss banking giant UBS AG must pay a $1.4 billion bond to potentially settle money laundering charges, according to Bloomberg. More An EU court annulled the March 2012 designation of the Central Bank of Iran for helping other designated Iranian banks evade sanctions, the Financial Times reported Thursday. The bloc's stated reason for...
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