Money laundering

Could Deutsche Bank probe be an opening for AML reform?


It remains to be seen whether anti-money-laundering provisions will get a deeper look this Congress or whether political optics will divide lawmakers on moving ahead with changes.


Standard Chartered to pay $1B to end probes of Iran business


The agreement with U.S. and U.K. regulators is on top of the $667 million it paid to U.S. authorities in 2012 for its handling of transactions that violated economic sanctions against Iran.


Ex-Congressman's Russian bank loses license over money laundering


Commercial Bank of Ivanovo, in which former North Carolina Representative Charles Taylor owns an 80% stake, regularly broke anti-money-laundering regulations and used “schemes” to artificially inflate its capital, according to a central bank statement.


Wells Fargo rebuked; Goldman to open fund to outsiders


The OCC says it is “disappointed” with the bank as CEO Tim Sloan gets lambasted on Capitol Hill; Goldman Sachs is letting private investors participate in its in-house special-situations unit.


Waters to seek whatever needed in Trump-Deutsche Bank probe


House Financial Services Committee Chairwoman Maxine Waters said she has advised her staff to seek whatever information it needs in investigating Deutsche Bank's ties to President Trump's businesses.


House probe of Deutsche Bank and Trump should be taken seriously


Congressional investigations are often rushed affairs that fail to dig beneath the surface. But the hiring of a veteran investigator who has tangled with Deutsche in the past suggests that this politically charged inquiry is likely to be thorough.


U.S. scolds Europe for targeting territories on dirty-money list


The European Union drew a rebuke from the U.S. for including Puerto Rico, the U.S. Virgin Islands and other overseas territories on a blacklist of 23 jurisdictions posing higher risks of money laundering and terrorist financing.


Wall Street nemesis to join House panel's Deutsche Bank probe


The House Financial Services Committee is hiring a Senate lawyer with deep experience conducting complex investigations to help run its upcoming probe of Deutsche Bank, according to people briefed on the matter.


Fed said to probe Deutsche Bank over suspicious Danske cash


The Federal Reserve is examining how Deutsche Bank handled billions of dollars in suspicious transactions from Denmark's leading lender, according to people familiar with the matter, further intensifying what could be one of the biggest money-laundering scandals ever.


FINRA fines Morgan Stanley $10M for anti-money-laundering failures


The alleged supervisory lapses occurred over a five-year period, according to the regulator.