Anti-money laundering
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
Tax avoiders less likely to channel funds through Netherlands – DNB
Annual flow of money to tax havens fell by 75% in just five years, central bank says
EBA tells crypto providers to offer supervision ‘contact points’
Tightening AML/CFT regime reflects increasing risks in sector
Bank of Lithuania steps up AML/CFT measures for crypto
Bank to co-operate with financial crime investigators to oversee ballooning digital assets sector
Central Banking FinTech & RegTech Global Awards 2024
Central Banking’s seventh annual FinTech & RegTech Global Awards showcase the ground-breaking projects undertaken within the central banking community
Prepare to supervise AI, BdF’s Beau tells financial authorities
Technology can enhance revenues but list of related threats remains long, says deputy governor
Suptech adoption: strategy and capacity building drives supervisory transformation
Two BR-AG representatives review the global use of suptech among central banks for enhanced digital supervision
BIS shows how to automate cross-border payment compliance
Innovation Hub completes proof of concept with Asia-Pacific countries
Lebanese authorities press criminal charges against Salameh
Former central bank governor faces investigation over alleged embezzlement
Financial Stability Benchmarks 2024 – model banks analysis
Further breakdowns of the data highlight patterns in governance, regulatory reform and cyber risk