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Weekly Roundup: U.S. Treasury Adds Staff for Iran Queries, Brazil’s Acting President Accused of Shaking Down Petrobras, and More
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Weekly Roundup: US Tags Chinese Bank with Enforcement Action, Hedge Fund Admits Corruption, and More
U.N. sanctions on Iran's Bank Sepah and Bank Sepah International were removed as part of a "secret" deal between U.S. and Iranian officials, the Fed ordered the Agricultural Bank of China to overhaul its AML program, 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.
Brazil's former President Luiz Inacio Lula da Silva denied wrongdoing after prosecutors charged him with money laundering, an Iranian lawmaker said that Iran's cooperation with FATF is crucial to the country's reengagement with the global financial system, and more, in this week's roundup.
JPMorgan Chase will pay $200 million to settle alleged FCPA violations, President Barack Obama plans to push for stronger global measures against tax evasion, and more, in this week's roundup.
FIFA executives allegedly give themselves almost $80 million in pay raises and bonuses, Swift warns banks with weak cybersecurity that they might be denied access to its messaging system, and more, in this week's roundup.
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.
Group of Seven nations are expected to agree to bolster their efforts against money laundering and terrorist financing, the Bank of England ordered the banks it regulates to strengthen controls around their Swift terminals, and more, in this week's roundup.
Brazils senate suspended President Dilma Rousseff for up to six months while she waits for an impeachment trial, American officials are investigating more than a dozen businesses potentially linked to Brazil's Petrobras scandal, and more, in this week's roundup.
Nigerian Justice Minister Abubakar Malami has called for an upcoming U.K. anti-corruption summit, the U.S. Treasury Department blacklisted Panama-based Balboa Bank & Trust, and more, in this week's roundup.
The Vatican received 544 suspicious activity reports in 2015, Australia's financial intelligence unit proposed extending AML regulations to virtual currency companies, and more, in this week's roundup.
New York banking regulators ordered 13 foreign financial institutions to disclose any relationships they may have had with Mossack Fonseca, OFAC issued guidance for complying with the U.S. embargo against Cuba, and more, in this week's roundup.
Putin told a televised call-in program that the U.S. and EU are unlikely to lift sanctions against Russia in the near future, the OCC finalized a consent order with San Diego-based Neighborhood National Bank, and more, in this week's roundup.
New York State has received 22 applications for BitLicenses, Brazilian authorities conducted 10 raids and made one arrest in a corruption probe, and more, in this week's roundup.
Canada's Superintendent of Financial Institutions found 72 money-laundering violations at banks between 2009 and 2014, Kenya removed money remitter Dahabshiil Kenya from a sanctions blacklist, and more, in this week's roundup.
Deutsche Bank acknowledged a money-laundering investigation linked to equity trades, Hong Kong fined the State Bank of India nearly $1 million, and more, in this week's news roundup.
