Category: Banking
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Italy finally enacts 2013 ECB directives on appointing bank directors with financial crime sentences
FinCEN issues clarification on information sharing after long wait; shares details of extensive COVID-related fraud in the US
Digital euro poses threat to commercial banking sector – experts from second-largest US bank issue warning ahead of January decision
UBS CEO faces personal probe as Dutch investigation into long-running ING banking scandal continues
Global coalition chair says information sharing is the only way out of fintechs’ compliance dilemmas.
Norway’s DNB Bank could face 400 million kroner fine for ‘inadequate’ anti-money laundering compliance
Pope Francis announces major revamp of the Vatican’s AML department following decades of controversy, the latest a $350m London real estate deal by the Church
FATF asks for feedback on cross-border transactions vs. AML risks; says that some financial crime regulations ‘don’t always help the situation’
Legal monitors tell Deutsche to quit Russia; investment in AML is not enough to offset the risks associated with Russian clients
JP Morgan faces fresh penalties for internal controls – bringing total fines paid in second half of 2020 to over $1 billion
