AML Compliance Trends
April 8, 2024 - Crains New York.com - The regulatory environment for financial institutions in the U.S. continues to remain challenging through the beginning of 2024. Bank executives and directors should pay...
Anti-Corruption Around the World
April 8, 2024 - Sheppnews.com.au - Not all lobbyists lie and mislead and some are crucial to democracy, a corruption watchdog commissioner says. A parliamentary inquiry examining the levels of lobbyist access...
April 8, 2024 - Businessday.ng - One of the key factors behind Georgia’s success was its ruthless fight against corruption, which was endemic and pervasive in all spheres of public life before 2003. Georgia...
April 8, 2024 - World Politics Review.com - The leaders of Vietnam, a one-party, opaque, and authoritarian state, usually try to present themselves as working closely together, free of discord and united on...
April 8, 2024 - International-Adviser.com - A new offence of failure to prevent corrupt activities introduced into law in South Africa should “spur businesses to review the procedures they have in...
Company Announcements
April 8, 2024 - Fintech Magazine.com - Ant Group, owner of the world’s largest mobile payments company Alipay+ and affiliate of conglomerate Alibaba Group, has entered into a partnership agreement...
April 8, 2024 - Fintech Futures.com - Global paytech Worldline and Crédit Agricole have revealed the identity of their new payments services brand for merchants in France. Dubbed CAWL, the joint...
April 8, 2024 - IBS Intelligence.com - Nigerian open banking platform Mono has formed a strategic partnership with Mastercard to introduce Mono’s DirectPay Pay with Bank on the Mastercard Payment...
April 8, 2024 - The Week.in - TerraPay, a global money movement company, has been granted a Major Payment Institution (MPI) License under the Payment Services Act 2019 by the Monetary Authority of...
April 8, 2024 - Petrolplaza.com - Circle K has renewed its partnership with global money transfer company MoneyGram, and expanded its product offerings. The new additions to the c-store chain include...
April 8, 2024 - Fintech News.my - Cross-border payment hub Tranglo has expanded its services to allow instant, direct cross-border payments to over 30 e-wallets worldwide. This development aims to...
CSBS
[Blog] - April 2024 - CSBS.Mautic.net - The overall Customer Satisfaction (“CSAT”) score was 85% for the NMLS experience survey. This suggests that, on average, 85% of customers surveyed expressed...
Fines, Crimes & Cases
April 8, 2024 - Wenews.pk - Twenty-seven individuals, including Jurgen Mossack and Ramon Fonseca Mora, are set to stand trial on Monday in Panama for money laundering related to the infamous “Panama...
Also See:
April 8, 2024 - Rfi.fr
April 8, 2024 - Coindesk.com - Binance's head of financial crime compliance Tigran Gambaryan reportedly pleaded not guilty to money laundering charges in a Nigerian high court on Monday before he...
April 6, 2024 - Msn.com - The Reserve Bank has imposed a penalty of Rs 1 crore on IDFC First Bank and Rs 49.70 lakh on LIC Housing Finance for violation of certain norms regarding loans. In a statement...
Fintech Around the World
[Opinion] - April 2024 - Global Banking and Finance.com - The last decade of competition from fintechs, payment providers and big tech has changed customer expectations forever. Smart banking...
April 8, 2024 - IBS Intelligence.com - FinTech startups hit a wall in 2023, with annual funding cut by half The FinTech sector has not been spared from the sweeping downturn in the venture market. In fact...
April 8, 2024 - Businessday.ng - Fintech companies in Nigeria have begun to leverage Unstructured Supplementary Service Data (USSD) code to expand their offline offering and curb rising payment fraud...
Ghana
April 8, 2024 - Adomonline.com - The Bank of Ghana is calling on the public to provide information voluntarily regarding suspected cases of money laundering and unexplained wealth...
India
April 8, 2024 - Indian Express.com - How did the anti-money laundering law come to have the vast scope that grants police powers to the ED, and allows it to take coercive action against politicians...
Indonesia
April 8, 2024 - Antaranews.com - President Joko Widodo (Jokowi) has signed Presidential Decree Number 14 of 2024 concerning Indonesia's Membership of the Financial Action Task Force (FATF) following the...
Isle of Man
April 8, 2024 - Investment-International.com - The Isle of Man Financial Services Authority said on 5 April it was planning a thematic project involving designated businesses that are registered to carry out the...
Japan
April 8, 2024 - Regulation Asia.com - On 2 April 2024, Japan’s Financial Services Agency (FSA) published updated FAQs on the AML/CFT Guidelines. The FAQs are positioned as guidance for the AML/CFT Guidelines...
Remittances & Immigration
[Opinion] - April 8, 2024 - Devdiscourse.com - Remittance systems play a pivotal role as conduits for cross-border financial transactions, facilitating the transfer of funds across geographical boundaries...
April 8, 2024 - Ansa.it - Italy's economic slowdown in 2023 also affected immigrants' remittances to foreign countries, which, according to Bank of Italy tables, decreased by 0.4% after the previous...
April 8, 2024 - Observerbd.com - Bangladesh has received a total of $455.42 million in remittances sent by expatriates in the five days (April 1 to 5) before Eid-ul-Fitr, according to the Bangladesh Bank...
April 8, 2024 - Arabnews.com - Remittances sent by Pakistani workers abroad increased by 31 percent on a month-on-month basis in March, the Pakistani central bank said on Friday, with Saudi Arabia being...
April 7, 2024 - Economynext.com - Sri Lanka’s worker remittances through official channels grew 0.72 percent to 572.4 million US dollars, from 468.3 million US dollars a year ago, data from the central bank show...
United Kingdom
April 8, 2024 - Legalfutures.co.uk - HM Treasury is seeking improved “proportionality” and “additional clarity” in plans for technical changes to the Money Laundering, Terrorist Financing and Transfer of...
Virtual Currencies Around the World
April 7, 2024 - Facts Chronicle.com - In a significant victory for regulators, a federal court decision has strengthened efforts to hold the cryptocurrency industry accountable to the same laws as traditional...
April 8, 2024 - Market Business News.com - In recent years, cryptocurrency has become a transformative influence in the worldwide financial sphere, disrupting established conventions and ushering...
April 8, 2024 - Devdiscourse.com - Bitcoin, established in 2009, operates as a decentralized digital currency on a peer-to-peer network, utilizing blockchain technology for secure and transparent transactions...
[Opinion] - April 8, 2024 - Silicon India.com - In this introductory exploration, cryptocurrency, a digital or virtual form of currency, is scrutinized for its cryptographic features securing financial transactions and overseeing...
Also See:
April 8, 2024 - The Register.com
April 8, 2024 - Crypto.news - Bank of Russia’s chief signals a slow path to digital ruble adoption, as scaling is expected no earlier than 2025, with mass usage transition anticipated over five to seven years...
