HSBC Holdings and Standard Chartered, the two U.K. banks, have been embroiled in the Huawei Technologies scandal in which Canada arrested the company’s Chief Financial...
After a week of waiting, the arrest of a Huawei executive was brought into sharp focus in a Canadian courtroom. On Friday (Dec. 7), Canadian...
SWIFT, the messaging system that connects over 11,000 financial institutions as they transfer money around the globe, has ended its relationship with Iranian banks, succumbing...
SWIFT controversy over the messaging system’s place on the world stage continues, and U.S. sanctions toward Iran loom. Elsewhere, digital payments are on the rise, and...
To settle claims that it broke Iranian sanctions, Cuban Assets Control Regulations and Weapons of Mass Destruction bank regulations, JPMorgan Chase has agreed to a $5.3...
As Iran tries to pass anti-money laundering regulations to attract foreign investment, a top constitutional body is requesting changes to the measures. The Guardian Council,...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes the rollout of GoCardless in Australia through a partnership with Xero. In addition, the...
Iran is reportedly gearing up to create its own national digital currency, Fortune reported. According to reports, a plan is in the works to “create...
SWIFT, as an organization, bills itself as a neutral player in the global economic system. That’s why the recent international flare-up over U.S. President Donald...