Expropriating frozen funds would have long-ranging legal ramifications, experts warn The UK might not actually confiscate Russia’s immobilized assets despite political pledges to do so because such a step would violate the rule of law and lead to a litany of legal quandaries, according to sanctions experts cited by Politico in an article on Monday.
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The penalty follows Deutsche Bank’s failure to address its money laundering control issues The US Federal Reserve said on Wednesday it has fined Germany’s Deutsche Bank and its US affiliates $186 million for failing to properly address money laundering control problems, previously flagged by the US regulator.
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Secretary General Jens Stoltenberg will step down in October, after his mandate was extended an extra year The United States, Britain and other major NATO members have said they would support Dutch Prime Minister Mark Rutte as the new leader of the military bloc, as the current secretary general prepares to end his ten-year term.
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