The Netherlands Public Prosecution Service announced on September 4 that ING Bank, the country’s largest financial institution, had reached a settlement worth the equivalent of $900 million for money laundering violations committed between 20 [...]
The United States is the single largest recipient of foreign investment worldwide. This openness reflects the country’s innovative industries, deep capital markets, and ease of doing business – and it also contributes to making them possible. At the [...]
Introduction In Nicosia, regulators last month imposed a modest fine on a minor bank for technical violations of anti-money laundering rules. In Moscow, the former owner of that Nicosia bank sits in prison for his alleged role in one of the largest [...]
Introduction Latvia’s non-resident banking sector, which caters to clients from Russia and other countries of the Commonwealth of Independent States (CIS), has finally become politically untenable. After years of scandals and massive illicit flows [...]
Trillions of dollars in capital flows into the United States annually, and trillions of dollars in payments are cleared through New York daily. No one knows exactly whom the funds belong to, where they are held, or how they are deployed. No one know [...]
In freezing the assets of seven Russian oligarchs on April 6 under the Countering America’s Adversaries Through Sanctions Act and other Russia sanctions authorities, the U.S. government went after individuals with a sizeable economic footprint in th [...]
Estonia’s financial regulator, Finantsinspektsioon, announced on March 26 that the European Central Bank (ECB), acting at Estonia’s request, had revoked the license of Versobank AS, a small Estonian bank catering to clients based in Russia and Ukrai [...]
