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Weekly Roundup: Nations Launch Hunt for Yanukovich’s Assets, FDIC Dings Two Banks for AML Shortcomings, and More
printSwitzerland, Austria and Liechtenstein have ordered asset freezes targeting former Ukrainian President Viktor Yanukovich, his son and 18 others after the country's newly formed government disclosed that the ousted officials may have stolen $70 billion, Reuters reported. More Separately, three companies linked to Yanukovich are believed to be connected to a massive tax fraud scheme alleged by since-deceased Russian lawyer Sergei Magnitsky, according to BuzzFeed. More The Federal Deposit Insurance Corp. ordered the Bank of Princeton, of New Jersey, to strengthen suspicious activity reporting procedures and establish appropriate controls over high-risk clients and transactions. More The agency also told Miami-based...
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