Source: en.wikipedia.org
Anti-money-laundering compliance controls have impacted Nordic banks’ bottom lines. The region’s largest financial institutions — Swedbank AB, Nordea Bank ABP and Danske Bank A/S— have...
Criminals are not the only elements that can vex financial institutions when it comes to protecting against money laundering. False positives — instances of potential...
The chairman of the U.S. Federal Reserve called for a stop to Libra, Facebook’s proposed cryptocurrency, until the project better demonstrated how it was going...
In Europe, and specifically in banking, mergers – not for scale, but for efficiency? To that end, Andrea Enria, the European Central Bank supervisor, said...
European Central Bank Supervisor Andrea Enria said that the banking system in Europe is operating with excess capacity, and that there should be some mergers...
Dutch ministers have revealed plans to regulate cryptocurrencies in order to prevent money laundering in the country. Minister of Finance Wopke Hoekstra and Ferdinand Grapperhaus,...
New data shows that illegal bitcoin purchases are expected to hit more than $1 billion this year, which will be a new record. According to...
The Financial Action Task Force (FATF) has demanded strict know-your-customer procedures for all small digital asset sales, bringing an end to anonymous crypto exchanges, which...
Amid the announcement of a new cryptocurrency – that would be Libra – the Financial Action Task Force (FATF), which operates as global regulatory firm...