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NEWS: US Fed governor – AI can streamline cross-border compliance

Premium September 29, 2025

Federal Reserve Governor Christopher Waller speaks during The Clearing House Annual Conference in New York City, U.S. November 12, 2024. REUTERS/Brendan McDermid/File Photo

NEWS: BaFin imposes remedial action on Nomura’s unit over AML failures

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AMLA DAY ANALYSIS: Agency is racing against time to tackle divergence, crypto and AI as political backing comes with conditions

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OPINION: As AMLA pivots mission from rules to harmonisation, the challenge is to follow through and deliver

By PAUL O’DONOGHUE, Senior Correspondent

BANKS should investigate using AI to streamline compliance requirements for cross-border payments, according to a governor of the U.S. Federal Reserve.

Christopher Waller also suggested that banks can use the technology to cut down on fraud transactions.

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NEWS: BaFin imposes remedial action on Nomura’s unit over AML failures

 Premium

AMLA DAY ANALYSIS: Agency is racing against time to tackle divergence, crypto and AI as political backing comes with conditions

 Premium

OPINION: As AMLA pivots mission from rules to harmonisation, the challenge is to follow through and deliver

Regulatory Watch News

  • U.S. Extradites to Ghana Former Ghanaian Official Convicted of Stealing and Misappropriating More Than $6M

    US Department of Justice

    Former Agency Head Failed to Return for Trial and Now Faces a 10-Year Prison Sentence in Ghana
    On June 8, the United States extradited Sedina Christine Tamakloe Attionu, also known as “Sedina Sharon Christine Acolatse,” a Ghanaian citizen, to serve a 10-year prison term in Ghana for convictions on more than 70 criminal counts that include charges of stealing, conspiracy, causing financial loss to the State and to public property, money laundering, and other offenses.

  • Today, Tuesday 09 June, the UK Government has varied the following 3 individuals and 2 entities under the Russia (Sanctions) (EU Exit) Regulations 2019.

    UK Government

    Individuals varied:

    Name: Unique ID:
    Ahmed KERIMOV RUS2529
    Talat SAFAROV RUS2531
    Anar MADATLI RUS2532
    Entities varied:
    Name: Unique ID:
    2RIVERS PTE LTD RUS2380
    2RIVERS DMCC RUS2381

  • European business wallets: Council adopts negotiating position

    European Council

    Today, the Council adopted its position on the proposal to establish European business wallets, a digital tool designed to simplify and secure business interactions across the EU, both between companies and with public administrations. Building on the eIDAS2 framework, European business wallets will allow companies to digitalise many operations that currently require in-person processing. By providing a harmonised European solution, European business wallets will enable secure, cross-border communication and document exchange for businesses operating in multiple member states.

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