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Weekly Roundup: FedEx Pleads Not Guilty to Laundering Charges, IRS Warns of FATCA Scam Targeting Banks, and More
printU.S. investigators have asked the Financial Crimes Enforcement Network (FinCEN) to target parts of the Los Angeles fashion district with stricter reporting requirements on cash transactions following this month's seizure of $90 million in alleged ransom payments and drug proceeds from several clothing retailers, Apparel News reported Thursday. More Federal Express pleaded not guilty Wednesday to facilitating the illicit distribution of prescription medication and conspiring to launder the proceeds, according to Courthouse News Service. U.S. prosecutors appended the money laundering charges in August. More In a fraud alert issued Wednesday, the IRS warned foreign financial institutions against scammers posing as...
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