Financial crime
Afghanistan must reform banks further, IMF says
Banking sector still shows weakness despite good work on economic reforms – IMF executive board
Senators urge Fed to investigate Trump and Deutsche Bank allegations
Whistleblowers allege financial wrongdoing by senior bank staff and transactions involving Trump
Ukrainian central bank to fight court ruling on major failed lender
Former owner says “I won the lawsuit” but central bank says nationalisation was justified
Baltic and Nordic regulators form anti-money laundering group
Move follows wave of scandals over handling of alleged money laundering
EBA board rejects finding that Estonian and Danish authorities breached law
Senior European official says money laundering scandal will not be ‘swept under carpet’
Eswatini central bank denies allegations of holding ‘Gaddafi millions’
Central bank denies claims that it holds money passed on by former South African president Zuma
Cypriot president appoints new central bank governor
Current governor’s term will not be renewed after clashes with government
Sri Lankan police arrest former deputy governor
Police make further round of arrests over allegations of insider dealing involving central bank
Cypriot former governor on trial for allegedly taking bribes
Former son-in-law will testify against Christodoulou in case connected to failed bank Laiki
Slovak police wrongfully arrested supervisors – central bank
National Bank of Slovakia files complaint with prosecutor, saying police acted corruptly over failed insurer
ECB to supervise bank that accused Latvian governor of corruption
Latvian authorities requested ECB action as lender sues them for alleged malpractice
Slovakian central bank condemns police after staff are arrested
NBS alleges criminal behaviour by owners of failed firm and their “protectors” in the police
Russian authorities start criminal investigation of failed bank owner
Private lender Otkritie was nationalised by central bank in 2017
Australian inquiry calls for major reforms of regulatory culture
Authorities did not enforce laws on financial sector strongly enough, report argues
European Commission accuses eight banks of bond market collusion
EC can fine banks 10% of their turnover if it finds “sufficient evidence” of market rigging
Sri Lankan lawyers allege wrongdoing by senior central bank officials
Court says senior deputy governor must appear before it on February 25
Dutch central bank and regulator call for AML law for crypto assets
But regulations should change to make crypto asset financing easier for small firms – DNB
Malta’s crypto asset plan means greater money laundering risks, IMF warns
Authorities must rapidly improve AML regime and guarantee FSA’s independence, mission says
EU supervisors set out process for cross-border AML data sharing
Agreement will allow ECB and national supervisors to share data on suspected money-laundering
Moldovan central bank suspends rights of lenders’ shareholders
Move is latest effort to enforce law in notoriously difficult banking sector
Romanian central bank governor says bank tax law is ‘nonsense’
Mugur Isărescu attacks “incomprehensible bomb” in latest dispute with government
EU legal officer says Latvian government wrongly barred governor
Authorities provided no evidence to back claims governor acted corruptly, advocate general says
Ukrainian central bank sues oligarch in Swiss courts for $200 million
NBU demands money from former bank owner it has accused of massive fraud
Israeli supervisors welcome FATF membership
International body sets standards to combat money laundering and terrorism financing