Anti-money laundering
Campa confirmed as EBA head
Next EBA chief warns staffing levels may not be enough for AML duties
Estonian and Danish authorities trade accusations as further AML scandal breaks
Swedish, Estonian and Lithuanian authorities announce joint investigation into Swedish bank
EBA probes alleged AML failings by Danish and Estonian authorities
Estonia and Denmark criticise each other’s ‘failings’ over supervision of scandal-hit bank
Lack of accurate data poses challenges for cash forecasting
Anonymity of cash makes it hard to track as a payment instrument, panel agrees
Central bank of the year: Monetary Authority of Singapore
Singapore’s central bank stands out for its pioneering fintech efforts combined with its consistency of performance in monetary policy, financial stability and supervision
Countries must counter money-laundering through fintech – IMF official
IMF’s Adrian calls for regional co-operation and consultation on new payment systems
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
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