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Weekly Roundup: Hastert to Plead Guilty to Structuring Bribes, Deutsche Bank Probe Links to Putin’s Allies, and More
printDennis Hastert will plead guilty later this month to structuring $3.5 million in bribe payments to an individual that unnamed law enforcement sources identified as a teenager the former U.S. House speaker sexually abused, the Chicago Tribune reported. More Canadian officials have begun crafting regulations mandated by a 2012 law requiring financial institutions to conduct enhanced due diligence on accounts held for lawmakers, senior politicians and their relatives, the Globe and Mail reported. Politicians will also be subjected to enhanced scrutiny for at least 20 years after they leave office, the news agency said. More Commerzbank has reached an agreement...
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The United States and China agreed on draft resolutions to expand U.N. sanctions against, a Belgian court indicted UBS AG on charges of money laundering and tax evasion, and more, in this week's roundup.
FATF could soon grant full membership to Israel, Malaysia, Nigeria and Saudi Arabia, Japan approved new sanctions against North Korea in response to its nuclear test, and more, in this week's roundup.
German prosecutors are investigating 2,000 possible instances of tax evasion by clients of UBS AG, MONEYVAL published a report advising Guernsey to increase prosecutions of money laundering, and more, in this week's roundup.
The U.S. Treasury Department blacklisted Lebanese telecommunications firm Spectrum Investment Group Holding SAL and its chairman, Brazil's central bank ordered brokerage firm TOV Corretora to shut down for violating CDD rules, and more, in this week's roundup.
Wells Fargo Bank must conduct an AML risk assessment under the terms of a consent order, U.S. officials blacklisted two Central African Republic militia commanders and four Burundi nationals, and more, in this week's roundup.
Andrea Sharrin has been named associate director of FinCEN's Policy Division, the U.S. Treasury Department blacklisted Colombia-based Los Chatas as narcotics traffickers, and more, in this week's roundup.
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Weekly Roundup: EU to Renew Russia Sanctions, Billionaire Adelson Accused of Criminal Ties, and More
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Iran's nuclear chief said that the country is on schedule to meet its commitments under the JCPOA, U.S. Bancorp disclosed that it has entered into a consent order with the OCC, and more, in this week's roundup.
New York Gov. Andrew Cuomo reportedly seeks to rein in the state's banking regulator, Deutsche Bank sets aside over $1.3 billion for compliance-related penalties and litigation, and more, in this week's news roundup.
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