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Weekly Roundup: U.S. Prosecutors Raise Questions About Chinese Banks, Switzerland Investigates UBS for Malaysian Laundering, and More
printU.S. prosecutors believe that some Chinese banks may have violated sanctions against Iran, The New York Times reported Wednesday. Evidence for the potential violations has not yet been sufficient to launch a formal investigation, sources told the newspaper, but the ongoing cases against HSBC Plc and Standard Chartered Bank may help American officials glean how Iran has shuttled money among banks to avoid U.S. scrutiny. More The Swiss Federal Justice Office is investigating alleged money laundering at UBS AG tied to a Malaysian politician suspected of benefiting from illegal logging operations in Northern Borneo, according to swissinfo.ch. Swiss prosecutors are...
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