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Weekly Roundup: Sinaloa Members Reportedly Unaffected by Sanctions, Lawsuit Says Hedge Fund Laundered Libyan Funds, and More
printThe 11 EU member-states occupied by the Soviet Union for decades after World War II are resisting efforts to impose energy and trade sanctions against Russia in response to the country's threatened occupation of additional Ukrainian territory, Reuters reported Friday. Hungary receives 80 percent of its natural gas supplies from Russia and recently agreed to a 10 billion euro development of the Paks nuclear plant with Rosatom, Russia's state-owned nuclear company. More Western leaders remain reluctant to undo the financial ties between Russian firms and multinational companies, such as British Petroleum, according to Le Monde. The energy giant is the...
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The Camorra crime syndicate is expanding in Malta, Romania, Corsica and other regions of Italy, Switzerland approved a law that will ease asset freezes related to corrupted politically exposed persons, and more, in this week's roundup.
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The New York State Department of Financial Services will begin testing how prepared banks are for cyber-threats, Brazil's central bank approved legislation that allows individuals to conduct financial transactions via their cell phones, and more, in this week's roundup.
The UAE's Federal National Council approved legislation requiring cross-border declarations of cash, the U.S. Treasury Department will view 2014 and 2015 as a "transition period" when enforcing the Foreign Account Tax Compliance Act, and more, in this week's roundup.
Brazil's Supreme Court ruled that a congressional inquiry into purported corruption by state-owned Petroleo Brasileiro SA can move forward, Southern Italy's organized crime groups are expanding their commercial reach, and more, in this week's roundup.
AUSTRAC revoked the license of a money remitter for AML deficiencies, Belgium will sign an intergovernmental agreement with the U.S. next week to implement FATCA, and more, in this week's roundup.
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Belarus' House of Representatives advanced an anti-money laundering bill, a MoneyGram and Western Union agent was sentenced to 15 years in prison for laundering fraud proceeds, and more, in this week's roundup.
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Singapore will bolster client identification requirements for exchangers of digital currency, Hong Kong's fifth richest man was sentenced to five years in jail for bribery and money laundering, and more, in this week's roundup.
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