Anti-money laundering
Nigeria to discourage cash withdrawals and make deposits easier
Central bank says reform package aims to reduce cash usage and tackle money laundering
FATF delisting of African nations a transactional move, says analyst
Organisation rejects suggestion that political factors were behind countries being taken off ‘grey list’
Why Europe cannot afford to delay the digital euro
CBDC would counter the erosion of sovereignty as cash recedes, substitution by foreign digital monies and weaponisation of access, argue Biagio Bossone and Céu Pereira
Digitisation of money brings more regulatory risks – IMF head
Georgieva says crypto regs are in early stages and not yet coherent internationally
The ‘EuroLiber’ for depoliticised payments
Biagio Bossone explains how Europe could provide a neutral anchor to support international payments
Nexus’s new CEO on the future of the cross-border payments platform
Nexus Global Payments CEO Andrew McCormack discusses the multi-lateral instant payments system’s technical build-out, governance and launch strategy
Financial technologies are increasing AML/CFT risks – EBA
Crypto increasingly used to facilitate crime, while fintech firms prioritise “growth over compliance”
Ex-OCC chief urges new approach to AI explainability
Michael Hsu suggests shift from academic analysis to decision-based techniques
Singapore fines financial firms $21.5 million for AML breaches
MAS punishes nine institutions, including Credit Suisse and UBS, and 18 individuals over 2023 case
Central bankers launch forum to share supervisory expertise
Forum on Financial Supervision at LSE overseen by Pedro Duarte Neves and Andrea Enria
Brain drain at OCC raises concerns about US model supervision
Quant team cull will reduce capacity to validate bank models, but that could be part of the plan
US Senate passes ‘Genius Act’ to regulate stablecoins
Regulators express concerns over stability risks; senator says bill could trigger “next financial meltdown”
Failure to appoint deputies ‘a step back’ – Montenegrin central bank
Bank will “continue to implement its mandate” despite parliament not approving its candidates
Technology needs to keep up with crypto regulation – panel
Panellists discuss AML/CFT risks arising from virtual assets during Central Banking Spring Meetings
AML and inclusion go hand in hand – Eswatini deputy governor
Dlamini-Kunene says efforts to tackle crime did not have to result in exclusionary policies
Lebanese prosecutor asks Trump ally to investigate Salameh
Official writes to president’s Middle East adviser asking for inquiry into BdL’s ex-governor
India’s government to re-evaluate crypto stance
Minister suggests it may adopt softer position than central bank
Bangladesh Bank seals officials’ lockers
Move comes after investigators find allegedly undeclared assets in ex-deputy governor’s lockers
UK regulator says firms are under-reporting money mules
Financial companies cite challenge of establishing criminal intent
Bangladesh Bank’s ex-governor warns of ‘politicisation’ of hacking
Rahman says bank was “victim, not accomplice” as anti-corruption body seeks to investigate 2016 theft
Bangladesh Bank former deputy governor arrested
Sitangshu Kumar Sur Chowdhury accused of concealing information about his personal wealth