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Weekly Roundup: Iran Reportedly Open to Curbing Nuclear Program, NFA Fines Firm $1.1 Million for AML Problems, and More
printIran is considering curbing its nuclear enrichment program in exchange for relief from economic sanctions, The New York Times reported, citing a top-level Iranian advisor. Iran's leaders are particularly eager to end restrictions on money transfers through the Society for Worldwide Interbank Financial Telecommunication, or Swift, platform. More U.S. Sen. Carl Levin (D-MI) reintroduced the Stop Tax Haven Abuse Act on Thursday. The bill aims to increase offshore company transparency by requiring businesses to report data on their employees, sales, profits and tax payments on a country-by-country basis. The bill would also require private funds and formation agents to implement...
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