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Weekly Roundup: Global Banks Plan New Wave of AML Compliance Overhauls, US Lawmakers Target Iran’s Elite Military Unit, and More
printDeutsche Bank said in a leaked internal memo that it had agreed on a long-term lease for a new headquarters in London, countering fears that financial institutions will leave the United Kingdom when it exits the European Union, the Telegraph reported. More Agricultural Bank of China, which was recently fined $215 million by U.S. state authorities for compliance failures, said in a statement that it plans to build an anti-money laundering center that will bring its compliance program to "first-class level by international standards" over the next three years, Reuters reported. More A senior executive with Standard Chartered said in...
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