Two related UK banks said in separate U.S. securities filings that the UK's top financial regulator has asked for information about any relationship the banks had with the Panama law firm at the center of the Panama Papers leak or with any individuals named in media coverage about the story.
Entries in Royal Bank of Scotland (9)
The UK High Court upheld a forfeiture order sought by the Serious Fraud Office at the request of U.S. authorities against $6.8 million linked to the sale of shares in a Canadian energy company.
The U.S. Attorney in Manhattan is investigating Germany's Commerzbank AG for alleged violations of money-laundering laws, the Wall Street Journal reported Friday.
Bank of America Corp's banking unit agreed to pay $16.6 million to resolve allegations that it processed hundreds of transactions for drug traffickers who are subject to U.S. sanctions, the U.S. Treasury Department said Thursday.
State and federal authorities have begun settlement talks with Commerzbank AG and Deutsche Bank over their alleged dealings with countries blacklisted by the United States.
French banking giant BNP Paribas agreed to plead guilty to criminal charges and pay an $8.9 billion penalty for transferring billions of dollars on behalf of blacklisted Sudan, Iran and Cuba, U.S. authorities said Monday.
French banks Societe Generale and Credit Agricole are being investigated by U.S. authorities for alleged money laundering and economic sanction breaches involving Iran, Cuba and Sudan.
BNP Paribas has set aside $1.1 billion for a potential settlement with federal and state government agencies that are investigating possible U.S. sanctions violations.
The Department of Justice (DOJ) Commodities Futures Trading Commission (CFTC) and Financial Services Authority (FSA) in the UK settled charges on Monday with the Royal Bank of Scotland (RBS) for manipulating the Japanese Yen London Interbank Offered Rate (LIBOR) and for felony wire fraud.