Sentences can consist of multiple clauses and thus contain multiple verbs.
And is a coordinator (also called a coordinating conjunction). One of the functions of that is as a subordinator (also called a subordinating conjunction) - and an important characteristic of that is that it can usually be omitted.
It is understood no complaint has been received from either woman and none of those involved is suspended.
This can be understood as having an implicit that:
It is understood [that] no complaint has been received from either woman and none of those involved is suspended.
The first clause is "It is understood". This is followed by a subordinate clause telling us what has been understood. Finally, the word and joins another clause adding further information.
(The sentence is slightly grammatically ambiguous: the bit after the and might also be part of what is understood, or it might be a separate observation about the facts. This ambiguity matters very little in practice.)
"It is understood" is a passive telling us that the author has received a particular piece of information. It distances the author slightly from the information by implying that there hasn't beeen an official announcement.
So, the author has received information saying that neither woman has made a complaint. (This information is again presented in the passive: no complaint has been received from either woman.)
Finally, we are told that none of those involved is suspended. Suspension is a disciplinary procedure whereby someone is removed from their job while an allegation or incident is investigated. Here we are told that, so far at least, no such measure has been taken.