Topic: Anti-money laundering

Credit Suisse fined in Swiss money laundering case

A Swiss court has fined Credit Suisse over deficiencies in its anti-money laundering controls dating back to 2007.

29 June 2022

EU’s new AML regulator a “risky endeavour”, ACAMS conference told

The European Commission’s plan for  a bloc-wide anti-money laundering authority is a “risky endeavour” and its wider legislative package falls short on effectiveness, according to a senior figure at Dutch bank ABN Amro.

20 June 2022

Canada cements regulation of crowdfunding and payments platforms

Canada’s payment service providers and crowdfunding platforms will now permanently fall under the purview of its anti-money laundering agency, months after the change came in as a temporary emergency measure amid the Ottawa blockade.

29 April 2022

FCA raises alarm over challenger banks’ customer onboarding

The UK’s Financial Conduct Authority has raised concerns over weaknesses in challenger banks’ check-ups when they are onboarding new customers.

25 April 2022

FATF greylists UAE and puts Russia under review

The Financial Action Taskforce has placed the United Arab Emirates on its money laundering “greylist”, hinting also that it may remove Russia from its role at the organisation.

09 March 2022

Bank of Pakistan “disregarded” numerous warnings, regulators say

US regulators have fined the National Bank of Pakistan over US$55 million for apparent 8-year-long deficiencies in anti-money laundering measures at the bank’s New York operation.

25 February 2022

Rabobank funnels €249m into AML controls in shadow of punitive fine

Rabobank has allocated a nine-figure sum towards its anti-money laundering processes, following warnings from Dutch regulators.

14 February 2022

ASIC’s “why not litigate” era nears its end

Australia’s securities regulator has completed one of the final pieces of litigation to come out of the Royal Commission on misconduct.

09 February 2022

The road ahead: GBRR's predictions for 2022

Climate. Merger policy. Enforcement. Cybersecurity and AI. Gender and diversity. Fintech, crypto and decentralised finance. 2022 is set to see advances from regulators across the world – but what can banks and their advisors expect? GBRR spoke to leading practitioners across the US, Europe, the UK, Russia and the Asia Pacific for their predictions for the year ahead in banking regulation.

07 February 2022

Beijing launches three-year plan for AML

China’s central bank is addressing what it has labelled its “grim” anti-money laundering record , only a few months after amending its AML law.

02 February 2022

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