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Weekly Roundup: FinCEN Extends Courier GTO to Texas, New York Law Firm Linked to Consultancy Allegations, and More
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HSBC said it has failed to create an effective U.S. risk management program as required in a 2010 action, New York Governor Mario Cuomo approved a new law classifying certain fantasy sports as games of skill, and more, in this week's roundup.
EU authorities removed Iran's national airline from a list of carriers banned or restricted from flying to European destinations, the OCC released two AML consent orders, and more, in this week's roundup.
French judicial officials will decide in a month whether prosecutors have gathered enough evidence to try the son of Equatorial Guinea's president, Singapore initiated its first-ever terrorism financing case under a 2002 law, and more, in this week's roundup.
Brazils senate suspended President Dilma Rousseff for up to six months while she waits for an impeachment trial, American officials are investigating more than a dozen businesses potentially linked to Brazil's Petrobras scandal, and more, in this week's roundup.
Nigerian Justice Minister Abubakar Malami has called for an upcoming U.K. anti-corruption summit, the U.S. Treasury Department blacklisted Panama-based Balboa Bank & Trust, and more, in this week's roundup.
U.K. lawmakers question the wisdom of recent amendments to the nation's rules for bank managers, American officials reach $6.3 million dollar deal with Standard Chartered, and more, in this week's news 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.
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.
Rabobank Groep is cooperating with a U.S. Justice Department money-laundering probe, India and Seychelles have agreed to exchange tax information, and more, in this week's roundup.
New York State has received 22 applications for BitLicenses, Brazilian authorities conducted 10 raids and made one arrest in a corruption probe, and more, in this week's roundup.
The deputy chief of the U.S. Justice Department's asset forfeiture and money laundering section will leave the position next month, Thailand is amending its anti-money laundering laws, 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.
Arab Bank argues that the Hamas members it processed transactions for weren't blacklisted, banks offer mixed messaging on marijuana accounts, and more, in this week's news 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.
Argentina's tax enforcer raided the offices of HSBC in Buenos Aires as part of a money laundering probe, Canada is in the processing of creating a single, comprehensive sanctions list, 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.
Lawmakers want tougher sanctions against Venezuela, while Republican senators asked that two Russian group to be named as terrorist organizations, and more in this week's 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.
