Anti-money laundering
German regulator faces questions after Wirecard admits huge possible fraud
Bafin brought criminal complaint against journalists who alleged wrongdoing at German company
Trinidad and Tobago demonetisation hit illegal activities, central bank says
Financial Intelligence Unit recorded 900 reports of suspicious transactions in three-month window
People: Carmen Reinhart to be World Bank chief economist
Carmen Reinhart to take over from Penny Goldberg at World Bank; BIS picks Hong Kong hub head; Libra Association appoints chief executive
Libra’s Disparte on big tech’s move into digital currency
Libra Association vice-chair Dante Disparte speaks about the decision to abandon a multi-currency reserve, stress-testing a global payment network and how the Facebook-backed body still has 3 billion customers in its sights
Some thoughts on CBDC operations in China
People’s Bank of China deputy governor Fan Yifei outlines why he favours an indirect approach to introducing a CBDC in China
Major bank hid money-laundering evidence – Swedish regulator
Swedish FSA fines Swedbank record $386m over failures as Estonian prosecutors continue AML probe
Cannabis industry causing problems for Caribbean finance - ECCB
Industry could lead to further de-risking efforts from foreign banks, central bank warns
People: Nigeria and Latvia gain deputy governors
Bank of Israel says new bank supervisor will encourage technological innovation
Senior Moldovan central bank officials arrested
Central bank expresses “deep concern” over arrests and calls for “impartial” probe into 2014 fraud
Cost of AML/CFT regulation could spell trouble for Barbados
Central bank governor urges financial firms to take risk-based approach to prevent excessive de-risking
EU regulators must end ‘tick-box’ approach to money laundering - EBA
First EBA report on national supervisors’ AML/CFT approaches says many agencies fail to co-operate
UAE, Bahrain and Nambia team up to tackle money laundering
Common framework will help nations share and analyse AML/CFT data
Fines given by UK FCA ballooned in 2019
UK regulator dishes out fines for AML breaches, mis-selling and poor treatment of consumers, but watchdog also falls short on own pension responsibilities
FCA takes over crypto asset supervision
UK firms must register with regulator to comply with anti-money laundering rules
KYC initiative could help stem correspondent banking decline
South Pacific KYC utility will be based on digital identification databases; decisions on minimum data requirement yet to be made
NPLs and cyber risks threaten Eastern Caribbean MU – IMF
Steps towards banking union should be put on hold until short-term priorities are addressed, says fund
EU to set up cross-border AML bodies for some banks
Banks working in more than three EU countries must have own anti-money laundering “colleges”
CBDC has been “over-hyped” – former RBI deputy
Focus on retail CBDCs is a potential distraction from core central banking functions, says Sinha
Latvian coalition nominates new central bank governor
Nominee has publicly disavowed current governor as authorities try to deal with serious allegations
The pursuit of ‘fintecgrity’
Digital currencies, distributed ledgers and deep learning are set to transform the financial economy. How can regulators maintain integrity at the confluence of finance and technology?
Facing up to the tech challenge
Central banks get a wake-up call from libra
Fed points to non-financial risks at large US banks
US-based G-Sibs show weaknesses in AML, internal audit and IT risk, Fed says
HKMA calls for innovation in fight against money laundering
The authority flags new and emerging risks in the city’s AML/CFT regime, urging stakeholders to collaborate and innovate
New Mongolian governor appointed amid AML controversy
Previous governor resigned after international body criticised money-laundering regime