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.
Cartels and terrorist organizations may be exploiting South Carolina's MSBs to launder billions of dollars, authorities charged Guatemalan former Vice President Roxana Baldetti with money laundering, and more, in this week's roundup.
HSBC must pay a $1.1 billion bail after French officials filed criminal tax evasion charges, Greek Prime Minister Alexis Tsipras called on the EU to end its sanctions against Russia, and more, in this week's roundup.
The Obama administration steps up its congressional lobbying ahead of a possible Iran sanctions deal, House lawmakers say they will investigate terrorist financing with a new taskforce, and more, in this week's news 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.
PayPal has strengthened controls over e-payments in Russia, the expected U.S. settlement with Commerzbank AG for alleged sanctions violations has been delayed, and more, in this week's roundup.
Credit Agricole SA is nearing a final deal with U.S. officials over its alleged sanctions violations, Ukrainian separatists in the country's Donetsk region are in the process of creating their own currency, and more, in this week's roundup.
Authorities are concerned that money launderers are using Myanmar's real estate sector, a study found that Swiss banks have lost $383 billion in the last six years partly due to fines, and more, in this week's roundup.
A new law approved by United Arab Emirates officials enhances the country's AML requirements, Hezbollah sanctions adopted by the U.S. House of Representatives last month could hurt Lebanon's banking sector, and more, in this week's roundup.
Former South Carolina state representative Larkin Thaddaues Viers is accused of attempting to hide funds belonging to a convicted money launderer, Americans living abroad continue to renounce their U.S. citizenship possibly due to FATCA, and more, in the midweek roundup.
The EU designated 15 individuals and 18 entities deemed responsible for compromising the territorial integrity of Ukraine, Nicaragua and Taiwan signed a MOU to cooperate in the fight against money laundering, and more, in this week's roundup.
M&T Bank Corp. revealed it has spent more than $150 million boosting its AML program, the Asia Pacific Group on Money Laundering will allow North Korea to join the organization as an observer, and more, in this week's roundup.
A bill that would shift the oversight of MSBs to state regulators has passed the House of Representatives, Russia saw nearly $75 billion in capital flight in the first half of 2014, and more, in this week's roundup.
The Supreme Court nears a ruling on the long-running Arab Bank case, FATF spares Afghanistan from its blacklist, and more, in this week's news roundup.
Japanese legislators will not impose controls on the virtual currency market for the time being, Malaysian officials investigated some $4 billion for possible ties to money laundering between 2011 and 2013, and more, in this week's roundup.
A Florida debt broker was charged with bribery and money laundering, Discover Financial Services entered into a consent order with the FDIC for BSA deficiencies, and more, in this week's roundup.
British regulators are struggling to show that they can be tough on financial institutions accused of compliance lapses, the U.S. renewed exemptions from sanctions for countries still buying Iranian oil, and more, in this week's roundup.
Venture capitalists have invested nearly $11 million in Bitcoin businesses in Canada since the currency's inception in 2009, U.S. authorities are allegedly seeking more than $10 billion from BNP Paribas SA to settle charges that the bank violated sanctions, and more, in this week's roundup.