27th June 2019
Iran warned the U.N. Security Council on Wednesday that it would no longer be burdened with preserving a 2015 nuclear deal with world powers as European states pushed Tehran to stick with the agreement because there is “no credible, peaceful alternative.” U.S. President Donald Trump withdrew from the deal last… Read More
27th June 2019
Commonwealth Bank of Australia (CBA) said on Thursday it will review how it handles customer data as part of an agreement with Australia’s information commissioner after the bank admitted to losing records in the past. The agreement follows incidents when the country’s top lender lost records of almost 20 million… Read More
27th June 2019
Drug traffickers, tax evaders and other criminals are likely placing “significant” sums of dirty money into Australia’s real estate market, and could be affecting the cost of housing, according to a report by Australian TV network SBS. While estimates of money laundering in the country remain vague, a 2015… Read More
27th June 2019
Australian buy-now-pay-later company Afterpay Touch Group said on Wednesday it is halting a $21 million capital raising as it waits to receive the recommendations of an audit ordered by the country’s financial crime watchdog. The Melbourne-based company said it provided the Australian Transaction Reports and Analysis Centre (AUSTRAC) three candidates… Read More
26th June 2019
Facebook’s fledgling cryptocurrency faced mounting scrutiny on Tuesday as European central bankers and regulators demanded more detail on the social media giant’s Libra project. Britain’s top financial regulator said there was not yet enough information to understand Libra, adding that it could be very significant for public policy and that… Read More
26th June 2019
Tanzania has tightened its currency controls with new regulations on foreign exchange bureaus, in what authorities say is an ongoing fight against money laundering and currency speculation. The new rules, published Monday by the central bank, come months after the government revoked the licences of around 100 bureaus and temporarily… Read More
25th June 2019
U.S. President Donald Trump imposed new U.S. sanctions on Iran on Monday following Tehran’s downing of an unmanned American drone and said the measures would target Iranian Supreme Leader Ayatollah Ali Khamenei. Trump told reporters he was signing an executive order for the sanctions amid tensions between the United States… Read More
25th June 2019
Banks in Estonia have not yet plugged all the gaps in their money laundering controls, the Baltic state’s regulator told Reuters, pledging to maintain a clampdown in the country at the center of one of Europe’s biggest financial scandals. Estonia’s efforts to tighten money laundering controls at its banks follows… Read More
24th June 2019
Cryptocurrency firms will be subjected to rules to prevent the abuse of digital coins such as bitcoin for money laundering, a global watchdog said on Friday, the first worldwide regulatory attempt to constrain the rapidly growing sector. Financial Action Task Force (FATF), set up 30 years ago to tackle money… Read More
24th June 2019
The United Arab Emirates Central Bank is focusing on the real estate sector as part of its work to combat money laundering in the country, an official said on Sunday. The UAE has been tightening its financial regulations to fight the perception among some foreign investors that it is a… Read More