Cade, the Brazilian antitrust watchdog, announced it would be reversing its decision to suspend the WhatsApp payment services partnership between Facebook and Brazilian card operator Cielo, Reuters reported. According to Cade, the decision was made because preliminary information from both Cielo and Facebook indicated that...
Aussie banking giant Westpac was accused of violating anti-money laundering (AML) laws 23 million times, Reuters reported on Tuesday (Nov. 19). The country’s financial crime watchdog Australian Transaction Reports and Analysis Center (AUSTRAC) said Westpac ignored warning signs and allowed payments from convicted child sex...
An independent competition authority in Greece has raided a number of major Greek banks over an investigation into collaboration between the institutions, according to a report by Reuters. The watchdog was investigating whether the banks worked together on transaction fees. Attica Bank, Eurobank, the Greek...
There won’t be any answers until next year regarding the ongoing investigation of the Swedish Financial Supervisory Authority (FSA) and money laundering in the Baltics, Reuters said on Friday (Aug. 23). After Sweden’s Estonian business was caught up in a money laundering scandal, it lost...
July 01, 2020
The president of Germany’s financial watchdog agency defended its actions in the Wirecard AG case where $1.2 billion in deposits went missing. Felix Hufeld, head of the Federal Financial Supervisory Authority, known as BaFin, denied that its regulators failed to investigate Wirecard in what has become the nation’s biggest financial scandal, the Financial Times reported. […]
July 01, 2020
Cade, the Brazilian antitrust watchdog, announced it would be reversing its decision to suspend the WhatsApp payment services partnership between Facebook and Brazilian card operator Cielo, Reuters reported. According to...
November 20, 2019
Aussie banking giant Westpac was accused of violating anti-money laundering (AML) laws 23 million times, Reuters reported on Tuesday (Nov. 19). The country’s financial crime watchdog Australian Transaction Reports and...
November 08, 2019
An independent competition authority in Greece has raided a number of major Greek banks over an investigation into collaboration between the institutions, according to a report by Reuters. The watchdog...
