Category: Banking
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‘Are you related to Eamon Ryan?’- Revolut asked customer if he was linked to politician, blocked his account for not answering
AML in Lithuania ‘has never been more relevant’; Central Bank warns of increased responsibility as digital payments surge in 2020
BALTIC U-TURN: ‘We won’t ask the US for a share of Danske Bank fine,’ says Estonia PM in backtrack
FCC SURVEY: AML penalties only work on occasion, say executives who fear reputational damage due to leaks like FinCEN
FRANKFURT: BaFin orders Greek bank to make improvements over AML concerns
US judge rules BNP Paribas must face allegations related to Sudan conflict; bank’s request to dismiss lawsuit largely rejected
Brazil only aware of ‘fraction’ of €113BN that its citizens and residents invest in Luxembourg; #OpenLux data names prominent officials previously linked to money laundering
DNB breathes sigh of relief as bribery investigation dropped; national watchdog finds no evidence to prosecute individuals or penalise company
HONEST APPRAISAL:‘Huge gap’ between theory and practice on national AML frameworks, warns FATF’s President
MOSCOW UPDATE: Bank of Russia records ‘surge’ in potentially illegal online activity for 2020. Pandemic and developing technologies fuelling the change
