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Weekly Roundup: U.S. Increasingly Seeking Bank Info in Investigations, Senate Awaits Bill to Give States More MSB Oversight, and More
printThe U.S. Justice Department's Money Laundering and Bank Integrity Unit (MLBIU) is systematically seeking money-laundering leads by having investigators and prosecutors grill crime suspects for banking information, Reuters reported. The efforts have led to criminal probes of banks and other financial institutions, according to Jonathan Lopez, former deputy chief of MLBIU. More A bill that would shift the oversight of money services businesses to state regulators has passed the House of Representatives and is expected to pass the Senate this summer, according to U.S. News & World Report. More China's central bank is investigating allegations by state television station CCTV...
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