A Goldman Sachs Group Inc. vice president gambled his career on a series of trades using inside information about the bank’s clients, including one that netted him $362, prosecutors said. Woojae “Steve" Jung used non-public information about deals involving a dozen customers, according to records unsealed Thursday in Manhattan federal court. In total, Jung is accused of making $140,000 in illegal profits by trading through an alias brokerage account tied to a friend in South Korea. Jung, a...

ABLV Bank accused by U.S. officials of aiding North Korea Bank connected by U.S. to Russian, Ukrainian illicit activity The U.S. Treasury Department took the severe step Tuesday of proposing to ban Latvia’s third-biggest bank from the American financial system, saying it helped process illicit transactions, including for entities with alleged ties to North Korea’s ballistic missile program. Financial institutions in the U.S. would be barred from maintaining correspondent accounts for ABLV...

Cohen recounts his meetings designed to reinforce sanctions Turkish bank had unique position amid crackdown on Iran A former senior Treasury Department official told jurors he was told repeatedly by executives at Turkiye Bank Halkasi AS they were complying with U.S. economic sanctions on Iran. One of those officials, Mehmet Hakan Atilla, a deputy general manager at the government-owned Turkish bank, is on trial for money laundering and sanctions evasion for allegedly helping Iran access...