Financial crime
Panama president sends crypto law to supreme court
Measure to create legal framework for crypto has twice passed legislature
DNB fines Coinbase for ‘severe’ non-compliance
Crypto exchange fined €3.3 million for operating without registration
Federal Reserve fines bank over AML breaches on Covid-19 loans
Popular Bank allegedly processed six coronavirus-era loans with significant signs of fraud
Bank of Jamaica to regulate non-bank sector after fraud scandal
Central bank takes over from commission after alleged crime that targeted Usain Bolt
European investigators want to interview Lebanese governor
Magistrates investigating money laundering reports have interviewed two former deputy governors
Iraqi PM replaces governor after fraud drives currency fall
Dinar falls after US clampdown on dollar transfers following reports of massive fraud
Head of Jamaican financial regulator resigns over fraud scandal
McFarlane leaves after alleged fraud at investment bank costs sprinter Usain Bolt millions
European investigators meet with former Lebanese deputy governor
Prosecutor says he will appoint new judge to investigate corruption allegations against Riad Salameh
European judges seek to question Lebanese governor
German and French investigators want to speak to Salameh over money-laundering allegations
Regulators should treat crypto trading as gambling – Panetta
Self-destruction of crypto sector is not assured, says ECB official
Brazilian financial intelligence unit moves from central bank
President gives finance ministry control of unit but leaves its powers unchanged
Bahamas Securities Commission denies secret agreement with FTX
US liquidator claims millions of dollars were withdrawn with authorities’ agreement
Prosecutors call FTX ‘one of the biggest frauds’ in US history
Sam Bankman-Fried arrested in Bahamas as US authorities file charges
Italy to allow larger cash payments despite central bank objections
Official warns move could encourage illicit activity
Singapore’s Temasek fund ‘reviewing’ $275 million FTX loss
Deputy prime minister Wong admits reputational damage but says state does not need to audit fund
Slovak police charge governor with bribery
Kažimir strongly rejects allegation that he tried to bribe head of tax agency
Financial Stability 2022 – presentation
Subject specialist Dan Hardie speaks with Christopher Jeffery about financial crime, regulating banks and non-banks, macro-prudential regulation, and decision-making and staffing
Iraqi authorities investigate central bank involvement in fraud case
Investigation finds politically linked firms stole $2.5 billion and used some in central bank auctions
Vietnamese governor tries to calm fears over banks
Nguyen Thi Hong says banks face liquidity bottlenecks and falling currency is causing pressure
CBDCs require increase in cyber security budget – BIS survey
Central bankers deem financial sector underprepared for cyber attacks
Liechtenstein judge confirms he is investigating Lebanese governor
Salameh is now subject of several judicial probes as central bank ends petrol subsidies
Myanmar may go on money laundering blacklist, report says
Opposition calls on New York Fed to unfreeze Myanmar assets to back proposed digital currency
Financial Stability Benchmarks 2022 report – executive summary
Data sheds light on how central banks are dealing with risks to stability
South Africa risks FATF sanction as legacy of state capture endures
Central bank finds thousands of bank clients have missing citizenship and incorporation data