HSBC Holdings Plc, Europe’s largest bank, has more than tripled its U.S. anti-money-laundering monitoring team to 250 from 75 in 2010 to help battle illicit money transfers, Chief Legal Officer Stuart Levey said.
Peregrine Financial Group Inc. Chief Executive Officer Russell Wasendorf Sr. said in a signed statement linked to his suicide attempt that he committed fraud for two decades at his Cedar Falls, Iowa-based company, according to a federal complaint.
HSBC Holdings Plc’s North American head Irene Dorner and global legal chief Stuart Levey will face Senate investigators’ questions about the firm’s failure to protect against money laundering, according to a list of witnesses released today.
Few people noticed Saudi Arabia’s three-day conference in September on disrupting terrorism financing. For a team at the U.S. Treasury Department, though, it was a long-sought victory in the fight against al-Qaeda.
After three days in Washington seeking financial help, the Libyan rebels’ finance minister is heading back to Benghazi with little to show for his effort other than expressions of “overwhelming support and sympathy.”
The U.S. took action to block an Iranian bank, the country’s Revolutionary Guard Corps and the group’s business interests from using the international financial system, implementing new United Nations sanctions.
President Barack Obama took the first step in what his administration said will be a series of sanctions against the Libyan government, signing an order freezing any U.S. assets of Muammar Qaddafi , his family and members of his regime.