All posts tagged "DoJ"
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461AML / KYCUS DOJ Unseals Indictment Against North Korea Money Launderers
The indictment names 28 North Korean and 5 Chinese nationals who were charged for operating a network of over 250 shell companies around the world to procure goods for North Korea.
June 3, 2020 -
2.4KAML / KYC
US Prosecutors Target Foreign Bank Records in North Korean Cyber Hunt
US authorities may be signalling their intent to increasingly use the PATRIOT Act to gain access to foreign bank records in DPRK sanctions investigations, says Nick Turner at Steptoe & Johnson.
May 5, 2020 -
461AML / KYCUS Returns $300m of Misappropriated 1MDB Funds to Malaysia
The funds includes proceeds from assets that Malaysia financier Jho Low allegedly bought with stolen 1MDB money before his $700mn forfeit last year.
April 16, 2020 -
1.0KAML / KYCHuawei Alleges HSBC Continued Evading Sanctions After 2012 DPA
HSBC continued to evade Iran sanctions after its 2012 deferred prosecution agreement with the US Department of Justice, Huawei lawyers say in a letter to a New York District Court.
February 20, 2020 -
1.6KAML / KYCSanctions Screening Short Cuts Not Worth the Risk: Refinitiv
Increasingly aggressive US sanctions policies highlight the need for financial institutions to adopt and implement a sophisticated risk-based approach to compliance.
January 29, 2020 -
288AML / KYCHSBC Switzerland to Pay $192mn to Settle US Tax Evasion Probe
HSBC Switzerland has admitted to conspiring with US taxpayers to evade taxes and helping them to hide more than $1bn in assets from tax authorities.
December 12, 2019 -
459AML / KYC
US Agrees to $700mn Settlement with 1MDB Financier Jho Low
The proposed settlement would resolve civil forfeiture cases tied to Low, but does not release him from other criminal charges. Low gets to keep $15mn to pay his lawyers.
October 31, 2019 -
1.1KAML / KYCUS Authorities Probe Deutsche Bank Dealings With 1MDB
The DOJ probe is looking into whether Deutsche Bank failed to comply with US AML or foreign bribery laws in the course of raising $1.2bn for 1MDB in 2014.
July 13, 2019 -
966AML / KYCGoldman Banker Tim Leissner Banned for Life in Hong Kong
Leissner’s conduct in relation to the Malaysian state fund 1MDB called into question his fitness and properness to be a licensed person, the SFC said.
July 4, 2019 -
771AML / KYCUS Court Finds Chinese Banks in Contempt in Sanctions Probe
A US district court has reportedly found three Chinese state-owned banks in contempt for failing to comply with requests for evidence related to a North Korea sanction probe.
June 26, 2019
