Lebanon’s central bank governor set to end his tenure a wanted man

Reported by Maya Gebeily Once celebrated as a financial wizard, Lebanese central bank governor Riad Salameh is spending his final weeks in office a wanted man, faced with French and German arrest warrants that have been prompted by long-running corruption probes. The warrants are the latest twist in cross-border investigations into whether Salameh, the governor for three […]

French regulator fines BMW Finance for weak dirty money controls

Reported by Reuters France’s ACPR financial regulator’s sanctions commission has decided to fine BMW Finance 500,000 euros ($550,400) for shortcomings in its money-laundering and terror-financing controls, the ACPR said on Friday. “BMW Finance took too long to devote sufficient human resources to these controls and comply with regulation, especially since it is part of a […]