A number of countries worldwide are reportedly setting up a new cryptocurrency system to help them comply with the FATF standards.
Facebook, having repeatedly proven that it can’t be trusted to handle its users’ personal information, announced Tuesday that it wants to become a global payment giant by launching a digital currency in 2020.
According to the settlement agreement, between April 2011 and October 2014, Expedia allegedly violated U.S. sanctions by assisting 2,221 people, some of whom were Cuban nationals, with travel or travel-related services for travel within Cuba or between Cuba and locations outside the United States.
It’s time to have a conversation about implementing real AML information sharing across organisations, sectors and jurisdictions, writes Claus Christensen at Know Your Customer Ltd.
SPARTANBURG, S.C., May 22, 2019 /PRNewswire/ -- Advance America and Check Into Cash announced today that they have reached a settlement with the Federal Deposit Insurance Corporation (FDIC) regarding Operation Choke Point, the FDIC program that pressured banks to cut ties with certain categories of lawful businesses, including payday lenders.
The more information comes out in dribs and drabs about and from Deutsche Bank, I remain convinced that something is truly rotten there. But is that the only bank that has these operational risk management problems?
The California Senate voted almost unanimously to pass a bill that would allow banks and credit unions to accept cash deposits from cannabis retailers. The 35-1 vote would allow banks to issue special checks to the retailers that could be used for certain purposes, including paying taxes or California-based vendors.
On 9 April 2019, the London based global financial institution, Standard Chartered (the ‘Bank’) agreed with the UK and US regulators to pay a combined USD1.1 billion fine for failings in its Anti-Money Laundering (AML) controls and for violations of its obligations under the US sanctions regime.
The U.S. Department of the Treasury has sanctioned a Moscow-based bank over its role in financing Venezuela’s controversial petro cryptocurrency.
Our largest IMTC Conference made its home in Miami, which offers people from, North America, Latin America, the Caribbean and Europe, an attractive and inexpensive travel destination. Every year more attendees from Middle East, Asia & Africa are attending after attending our smaller regional events.