Anti-money laundering
Bahamian financial sector shrinks by more than a third in six years
De-risking in international finance has disproportionately hit Caribbean banks, Rolle says; Bahamian banking reforms heighten concerns
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
AML/CFT regulation to cover crypto assets – Sarb
New proposals will construct a “limited” regulatory framework for crypto assets
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
Malaysia charges Goldman Sachs over 1MDB scandal
Bank allegedly benefited from inflated fees after employees bribed officials
Bahamas official criticises international rule-making
Although intentions are good, rules are often painful and unhelpful, Littrell says
Bank of Russia deputy governor accused of mafia and spy links steps down
Putin ally Aleksandr Torshin alleged to have meddled in Spanish money-laundering and US elections
Interview: Clair Mills on the meaning of fintech
The Bank of England’s head of change and data management discusses why fintech is so important for a financial sector going into uncharted territory
ECB sets up anti-money laundering office
Nouy says new office will enable information exchange and act as “centre of expertise”
Sarb reprimands HSBC for AML deficiencies
Central bank fines commercial lender over $1 million after weaknesses in AML detection and reporting were discovered
The euro: a troubled third decade?
Italy’s pact-busting budget highlights ongoing eurozone frailties
The EU tries to rethink its faltering AML regime
The European Union plans to centralise its anti-money laundering efforts following a series of scandals this year. Dan Hardie looks at the options available and the multitude of challenges that remain
Can central bank revamp help Tunisia remain a ‘public good’?
Central Bank of Tunisia moves to modernise, but faces tough times ahead
Regulation could stabilise crypto asset market, experts argue
Uncertainty remains over what regulatory approach to take, but collaboration appears key, say webinar panellists
Tunisia’s El Abassi on central banking during a regional security crisis
Central Bank of Tunisia’s governor talks about capacity building, evolving relations with the IMF, integration among the Arab states and using technology to foster inclusion
EBA raises ‘serious concerns’ over Malta’s AML regime
Enria calls for changes to EU’s AML regime and says Maltese authority must make major changes
DNB says Dutch banks must tighten money laundering controls
Netherlands Bank calls for harmonisation of European AML regulations and beefed-up EBA role
Danish supervisor reopens Danske Bank investigation
UK’s National Crime Agency opens investigation of British entity with links to Danish bank
Demetriades says EU-level AML enforcement vital to tackle ‘security risk’
Centralised and credible AML enforcement body needed to complete banking union and protect EU security, says former Eurosystem governor
Danske Bank acknowledges ‘major deficiencies’ in money laundering case
CEO quits as bank publishes internal investigation into irregular operations at Estonian branch
Demetriades on political pressures on central banks and their governors
Former governor of the Central Bank of Cyprus speaks about the Cypriot banking crisis, the need for EU-wide AML oversight, independence and his fears for stability of the monetary union