Category: Financial Services
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Bank of France conducts virtual currency trials; €2 million in simulated investment transactions take place as EU prepares for decision on digital euro
Belgium warns that money laundering is more likely through general partnerships
US Bank CapitalOne faces $290M penalty for AML failures; FinCEN describes ‘egregious’ violations of rules over a six-year period
COVID recovery could mean more laundering risks for Australia, experts warn. Gaming industry once again the centre of country’s AML threats
US Defense Act allows Treasury and attorney general to access more records from foreign banks
LATEST: Commerzbank CRO says bank was victim of ‘an unimaginable fraud’ in Wirecard case; committee hears that financial support was granted based on Wirecard executive testimonies
Three quarters of AML compliance firms flagged more suspicious activity in 2020; new report finds cybersecurity ranks as industry’s biggest headache, with major upgrades planned
Singapore financial watchdog warns that payment services make country vulnerable to terrorism
Deutsche to finally sever ties with Trump after months of speculation; insiders say no new business will take place between the two
Second largest lender in Canada on trial for role in $7.2 billion Stanford Ponzi scheme
