News
Weekly Roundup: Swift Considers Limits to Portal Access, U.K. Chancellor to Testify on Panama Papers, and More
printFIFA attorneys said evidence obtained during an internal inquiry shows that the organization's former president Sepp Blatter, former secretary general Jerome Valcke and former finance director Markus Kattner improperly awarded themselves roughly $80 million in salary raises and bonuses over their last five years in office, according to the Associated Press. The evidence will be turned over to Swiss and U.S. prosecutors, attorneys said. More The chief executive of the Society for Worldwide Interbank Financial Telecommunication, or Swift, said the Brussels-based consortium is considering plans to block institutions with weak cybersecurity programs from using its messaging platform after hackers successfully...
TO READ THE FULL STORY
Subscribe
Learn More
Related News
White House may offer sanctions-related concessions in negotiations with Russia, at least a dozen London banks plan moves to Dublin ahead of Brexit, and more, in this week's roundup.
Indian state bank accounts used to wire $35 million to shell companies in Hong Kong, European Council says Brexit transition deal must include EU laws and courts, and more, in this week's roundup.
U.S. banks predict tough AML regime to continue under President Donald Trump, suspicious funds flow out of Russia through legal loophole, and more, in this week's roundup.
French presidential candidate Francois Fillon's wife is under investigation, Brazil's probe into official corruption and money laundering may double in size, and more, in this week's roundup.
Bangladesh police suspect that IT employees secretly participated in the Bangladesh Bank $81 million cyberheist, Panama barred Brazilian construction conglomerate Odebrecht from doing business in the nation, and more, in this week's roundup.
OFAC designated the Pacnet Group as a transnational criminal organization, Canadian lenders Scotiabank, RBC and CIBC together formed nearly 2,000 offshore firms in the Bahamas according to leaked documents, and more, in this week's roundup.
U.N. Security Council members failed to reach the consensus needed to pass sanctions against Syria, Haiti adopted AML and counterterrorist financing controls, and more, in this week's roundup.
Taiwan plans to bolster its anti-money laundering rules, U.S. and South Korean officials are considering imposing a new round of sanctions against North Korea, and more, in this week's roundup.
French lawmakers are set to vote on legislation that would establish a new anti-graft agency, the Federal Reserve entered into a written agreement with Liberty Bank, and more, in this week's roundup.
HSBC said it has failed to create an effective U.S. risk management program as required in a 2010 action, New York Governor Mario Cuomo approved a new law classifying certain fantasy sports as games of skill, and more, in this week's roundup.
Weekly Roundup: U.N. Chief Condemns Iran Missile Tests, House Approves FinCEN Budget Boost, and More
Former FIFA President Sepp Blatter plans to appeal his 6-year ban from soccer, Mexican lawmakers adopted anticorruption legislation, and more, in this week's roundup.
Myanmar and Sudan have dropped to the worst-offenders category for human trafficking in an annual report by the State Department, the Real Estate Council of British Columbia will soon have its self-regulating powers revoked, and more, in this week's roundup.
The U.S. Justice Department is probing the Israeli arm of Credit Suisse for allegedly helping clients evade the taxes, Swiss private bank BSI is appealing a $99 million fine imposed by Finma, and more, in this week's roundup.
EU authorities removed Iran's national airline from a list of carriers banned or restricted from flying to European destinations, the OCC released two AML consent orders, and more, in this week's roundup.
The founder of the now-defunct Florida digital currency exchange coin.mx pleaded not guilty to money laundering, the EU is set to extend sanctions against Russia for another six months, and more, in this week's roundup.
U.S. financial institutions are reevaluating their cybersecurity controls in light of increasingly complex online attacks aimed at stealing client funds and data, according to experts.
French judicial officials will decide in a month whether prosecutors have gathered enough evidence to try the son of Equatorial Guinea's president, Singapore initiated its first-ever terrorism financing case under a 2002 law, and more, in this week's roundup.
European nations launch investigations into banks tied to the Mossack Fonseca leaks, Miami-Dade county police accuse 22 individuals of using Florida businesses to launder cartel money, and more, in this week's news roundup.
U.S. officials question Deutsche Bank and JPMorgan over their ties to 1MDB, the White House weighs easing Iran's use of the dollar, and more, in this week's news roundup.