Anti-Money Laundering

US to anti-money body: Delete soccer warning

Several countries including the US told a global anti-money laundering organization that they should delete the public warning it had given last June to various financial institutions regarding corruption in soccer.

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Switzerland flexes parliamentary muscle as scrutiny of HSBC intensifies

Swiss lawmakers plan to question the country's financial watchdog about HSBC's Swiss bank to determine whether parliament needs to take a more active role in investigation of a trove of details on alleged tax evasion by some of the bank's wealthy clients.

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Standard Chartered readies to close thousands of UAE accounts as U.S. deadline looms

Standard Chartered (STAN.L) has notified thousands of UAE small and medium enterprise customers it is closing their accounts as it responds to pressure from US regulators to cut its risks following an anti-money laundering settlement.

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NY targets Commerzbank employees in sanctions accord - sources

New York's financial regulator wants some Commerzbank AG (CBKG.DE) employees to be fired as part of a settlement over allegations the German lender improperly processed transactions with Iran and other countries facing U.S. sanctions, according to people familiar with the matter.

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BaFin probes Deutsche Bank money laundering control

A newspaper reported that German regulator BaFin probed Deutsche Bank over its anti-money laundering control.

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