The scale of any potential fines for alleged dealings with Iran remains unknown
U.S. regulators allege bank schemed to hide transactions from regulators
Investigations may result in fines levied against some banks
British man sentenced to four and half years in jail for money laundering
Make requirements simpler and less costly where the risks are lower, Senate committee told
Elimination of fund manager exemption would create inefficiencies, says De Laurentiis
New recommendations will create an environment that is hostile to money laundering and terrorist financing
Revisions will provide authorities with a stronger framework to act against criminals and address new threats to the international financial system
Changes likely to affect all financial sector firms
Proposed changes would increase compliance with Financial Action Task Force standards