News
Weekly Roundup: New York Regulator Investigating Deutsche Bank, HSBC Settles Swiss Money Laundering Investigation, and More
printThe New York Department of Financial Services is investigating suspicious activity originating from Deutsche Bank's branch in Moscow, where the lender is investigating over four years of transactions made by Russian clients for signs of money laundering, Bloomberg reported Friday, citing anonymous sources. The transactions under scrutiny may involve as much as $6 billion. More HSBC has agreed to pay Swiss authorities $43 million to settle a money-laundering investigation into its Geneva-based private bank and four of its clients, Reuters reported Thursday. More U.S. Assistant Secretary for Terrorist Financing Daniel Glaser said that Islamic State funding sources are dwindling because...
TO READ THE FULL STORY
Subscribe
Learn More
Related News
Visa is calling for an independent and impartial group to oversee reforms at FIFA, Spanish officials accused prominent Madrid priest Jose Luis Montes of laundering millions of euros, and more, in this week's roundup.
Cartels and terrorist organizations may be exploiting South Carolina's MSBs to launder billions of dollars, authorities charged Guatemalan former Vice President Roxana Baldetti with money laundering, and more, in this week's roundup.
The U.S. Justice Department announced a non-prosecution agreement with Swiss bank Ersparniskasse Schaffhausen AG, Spanish authorities are calling for Gibraltar to be added to an EU list of uncooperative tax havens, 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.
Argentina's central bank fined HSBC's regional affiliate $10 million for AML violations, three senior AML and risk management officials at the Royal Bank of Scotland Group PLC have left or are planning to resign, and more, in this week's roundup.
Argentine authorities searched HSBC Argentina's headquarters in a tax evasion probe, Bangladesh's FIU published AML guidance on risk assessments, and more, in this week's roundup.
Efforts by U.S. states to legalize Internet gambling beyond New Jersey, Delaware and Nevada have come to a standstill, India's Reserve Bank advised nonbanking financial companies that their KYC procedures should be tailored to levels of risk, and more, in this week's roundup.
President Obama signed a Russia sanctions bill that allows the White House to blacklist individuals who invest in Russian deep water, Italy arrested 17 people suspected of running an international money laundering ring, and more, in this week's roundup.