According to the European Central Bank (ECB), currently, cryptocurrencies do not poss a threat to Europe's financial stability. This was revealed in a recent report published by the bank.
Danske Bank A/S is turning into a case study for European regulators, legislators and bankers to rethink fundamental assumptions about how the finance industry should operate.First up is the principle that bank clients should be protected by secrecy laws. The sheer scale of the Danske money-laundering scandal means those rules may now get a review....
An epidemic of fraud and cybercrime is going unreported, official figures show, sparking calls for a new anti-cybercrime agency.
Canada's lax laws on identifying the true owners of property have made it a hot-spot for dirty money.
Lack of clarity reveals vulnerability, invites mass noncompliance
The Lakewood Chiropractor who was sentenced to nearly five years in prison last week for tax evasion has 15-more years added on for money laundering.
Canada. Expert money-laundering panel recommends B.C. regulate foreign exchange, money transfer businesses
Across Canada, more than 800 MSBs - including more than 200 in the Lower Mainland - handle an estimated $39 billion a year in transactions.
Statement of the Regional Representatives of the Americas Region of the Egmont Group of Financial Intelligence Units
A meeting of the Americas Region of the Egmont Group of Financial Intelligence Units took place April 10 and 11 in Miami, Florida. Representatives of the Financial Intelligence Units from 23 jurisdictions in the Americas, including the Caribbean, gathered to discuss three key priorities for the Egmont Group: FIU operational independence and...
Private sector play an important role in effectively detecting and preventing misuse of the financial system for money laundering, terrorism or the proliferation of weapons mass destruction.
Vienna, 7 May 2019 - The Financial Action Task Force (FATF) held its annual Private Sector Consultative Forum on 6-7 May 2019 in Vienna, Austria, hosted by the United Nations Office on Drugs and Crime (UNODC).