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Money Laundering Deterrence in Europe: Time to Get Serious

It’s been 30 years since the Sommet de l’Arche in Paris established the Financial Action Task Force (FATF) to combat… Read More

German regulator orders online bank N26 to step up controls against money laundering

Germany’s financial markets watchdog (BaFin) ordered the fintech N26 Bank on Wednesday to step up controls to ensure it is better protected against money laundering. In March the online bank, launched in 2013, made negative headlines when German newspapers reported that a customer’s account had been hacked and emptied of… Read More

Judge refuses to block Trump bank subpoenas

AP — A New York judge refused Wednesday to block congressional subpoenas seeking financial records from two banks that did business with President Donald Trump, making it clear it wasn’t a close call. U.S. District Judge Edgardo Ramos said in a ruling delivered from the bench that Trump and his… Read More