Category: Financial Services
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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
Charges dropped for six former Danske staff implicated in €200BN scandal; Danish state prosecutor says ‘no basis for indictment’
UK citizens charged with defrauding Denmark of €1.3BN in sophisticated global money laundering operation – ‘one of largest cases of fraud in Danish history’
British payments company MT Global handed record £24M fine for AML breaches; other licences suspended and cancelled
Credit Suisse severing relationships with Venezuelan clients amid political crisis, sources claim value of managed assets has decreased by more than half
