Category: Banking
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Major British bank Natwest to maintain dramatically reduced limit for online money transfers, saying early indications are that it is ‘helping to reduce fraud’
‘Enabled theft on a massive scale;’ Deutsche accused of standing aside in investment scam probe
INSIGHT: How Europe’s new AML Regime will work – Speech of European Commission Deputy Director General DG FISMA, Alexandra Jour-Schroeder at AMLi Boardroom Series
‘Significant’ numbers of crypto firms have not met UK’s AML standards and/or withdrawn their applications to operate in Britain
Number of suspicious transactions reported in Italy jumps by nearly 33% so far this year; Albania a top destination for potentially dirty money
ANALYSIS: The reasons why Brussels decided Paris-based EBA must lose its illicit finance watchdog role and where the new AML Authority and its independent board will be based
EXCLUSIVE: Europe’s new standalone anti-financial crime supervisor will be known as AML Authority (AMLA) with staff of 250, an independent board and powers to impose fines up to 10pc of turnover
INSIGHT: EBA reviews internal governance guidelines for financial institutions to address AML/CFT concerns
VATICAN: Pope approves prosecution of 10 people – including Cardinal and two former heads of Holy See’s FIU – with money laundering, fraud and extortion
ANALYSIS: Britain’s FCA finds ‘lack of understanding’ by retail banks on AML regimes; identifies ‘several common weaknesses’ in FinCrime prevention
