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Weekly Roundup: Former House Speaker Indicted for Structuring, ‘Dread Pirate Roberts’ Sentenced to Life in Prison, and More
printIllinois federal prosecutors Wednesday charged former U.S. House Speaker Dennis Hastert with lying to the FBI and structuring cash withdrawals from his bank account to pay someone in efforts to conceal alleged past misconduct, according to The New York Times. Hastert began making withdrawals under the $10,000 currency transaction reporting threshold shortly after federal investigators questioned him about more sizeable withdrawals he began making in 2010. More Ross Ulbricht, the chief administrator of the now-defunct online black market bazaar Silk Road, was sentenced Friday to life in prison after being found guilty of money laundering and drug trafficking charges, Wired...
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Canada's Innovation Minister Navdeep Bains said the country is considering lifting sanctions against Iran, UBS AG has agreed to fully cooperate with French officials investigating possible tax evasion involving as much as $13 billion, and more, in this week's roundup.
Chinese authorities are investigating managers of Swiss elevator firm Schindler on suspicion of embezzlement and bribery, former Detroit treasurer Jeffrey Beasley was sentenced to 11 years in prison for running a bribery and kickback scheme, and more, in this week's roundup.
Switzerland will soon adopt a law to expedite the return of stolen assets held in Swiss bank accounts, India and Germany have agreed to enhance the exchange of tax-related information, and more, in this week's 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.
Deutsche Bank acknowledged a money-laundering investigation linked to equity trades, Hong Kong fined the State Bank of India nearly $1 million, and more, in this week's news roundup.
Weekly Roundup: FIFA Official Extradited, UniCredit to Settle Tax Investigation in Germany, and More
UniCredit is set to pay millions of euros to German authorities to settle two different tax probes, as much as 25 percent of the funds used in Guatemalan politics originates from drug trafficking and other criminal groups, and more, in this week's roundup.
The Justice Department and Privatbank Von Graffenried AG signed a non-prosecution agreement that will see the Swiss financial institution pay $287,000, the Bank of Israel fined Bank Leumi Ltd. over $1 million for failing to report unusual transactions, and more, in this week's roundup.
Two more Swiss banks reached non-prosecution agreements with the U.S. and agreed to pay penalties for helping Americans evade taxes, U.K. tax officials have been making unscheduled visits to real estate agents to check their AML controls, and more, in this week's roundup.
The U.S. Treasury Department lifted sanctions on Privredna Banka Sarajevo AD, a U.K. report called for the extension of the jurisdiction's Senior Managers Regime to the securities industry, and more, in this week's roundup.
OFAC blacklists Colombian fast-boat drug traffickers, federal officials reportedly probe Normandie Casino for AML violations, and more, in this week's news roundup.
Finter Bank Zurich AG reached a non-prosecution agreement that requires the lender to pay $5.4 million for tax-related offenses, authorities in Switzerland plan to revise the country's data-sharing laws, and more, in this week's roundup.
An expected U.S. settlement with Commerzbank AG could come as soon as next week, roughly $572 million of Moscow-based Bank Rossiya's assets have been blocked in the U.S. since sanctions took effect, and more, in this week's roundup.
The FDIC published a consent order against Tri-State Bank of Memphis, Germany is investigating the Swiss-based private banking division of Coutts for potential violations of tax evasion laws, and more, in this week's roundup.
The EU extended sanctions against Zimbabwe, the OCC disclosed two enforcement actions for AML deficiencies, 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.
EU officials are expected to blacklist nine entities and nine individuals for their alleged roles in ongoing insurgency in Ukraine, Al-Shabaab and other terrorist organizations may be using companies in South Africa to transfer funds, 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.
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