Financial crime
Somalia’s governor on rebuilding its central bank
Governor Abdirahman Mohamed Abdullahi discusses reviving Somalia’s war-damaged economy, re-creating a payments system, and dealing with remittances
Three ways to bolster flawed AML/CFT in the EU
The EU needs to significantly improve the structure and resourcing of its AML/CFT oversight if it really wants to combat illicit money flows, write Panicos Demetriades and Radosveta Vassileva
Lithuania cancels firm’s licence over alleged Wirecard money laundering
Fintech business committed “severe infringements” in dealings with collapsed German firm – central bank
Ailing Suriname floats its currency
Defaulting country holds debt talks as inflation and corruption take toll
El Salvador to make bitcoin legal tender
President claims the move, a first for any country, will aid remittances and financial inclusion
IMF warns Marshall Islands on digital projects
Local plans for digital currency and economic zone trigger concern at fund
Bolivian central bank to buy local gold
Government initiative aims to prevent smuggling
Bahrain accuses Iranian central bank of money laundering
Prosecutors allege Iranian officials were involved in laundering around $1.3 billion to dodge sanctions
BoE recognises Ukrainian bail-in at centre of dispute
Decision likely to be seen as important endorsement of NBU’s action over scandal-hit lender
Sanctions must go for nuclear talks to succeed, says Iran governor
Hemmati has played major role in sanctions-related diplomacy
Bangladesh Bank intervenes over commercial lender
Central bank prohibits new loans and oversees appointments, saying it has found "irregularities"
Irish central bank levies record fine for misconduct
CBI fines Ulster Bank Ireland €37.7m over serious failings in “tracker mortgage” scandal
Ukrainian security investigating deputy governor – media reports
Rozhkova accuses former owners of PrivatBank of orchestrating moves to discredit central bank
UK’s FCA lays first-ever criminal charges of money laundering
Regulators charge NatWest with failing to monitor transactions; bank faces unlimited fine
Ukrainian deputy governor accuses central bank of censorship
Rozhkova says governor is using “Soviet”-style practices but NBU spokeswoman attacks “slander”
US sanctions billionaire accused of targeting Ukrainian central bank
Kolomoisky barred from US as former NBU governor calls for him to be charged over alleged $5.5bn theft
German finance minister pushes chief regulator out
Bafin head and deputy resign over their handling of Wirecard scandal
Lebanese governor accused of neglect of duty by judge
Governor may be questioned in Switzerland over alleged money laundering
Swiss authorities confirm investigation of Lebanon’s central bank
Attorney-general’s office confirms probe into alleged “money laundering and embezzlement” at CBL
Dutch cash deposit ATMs to close after explosive robbery
Banks and police are struggling to combat a spate of ATM bombings
Is the integrity of Afghanistan’s central bank under threat?
Acting governor fires key staff and is accused of undoing reforms, while World Bank appears ready to suspend funds; administration and other donors show few signs of learning from Kabul Bank scandal
EBA sets out methods for AML risk assessments
Reports can be triggered by concerns over authorities’ anti-money laundering frameworks
MAS secures more financial crime convictions
Nine individuals convicted as a result of MAS investigations over 18-month period
Barbados governor hits back at AML ‘blacklisting’
Action by EU is “pernicious” amid pandemic and IMF programme, says Cleviston Haynes