On Crypto Exchanges, the Trades Don’t Always Add Up
26th July 2019
On Crypto Exchanges, the Trades Don’t Always Add Up
When Bitcoin hit a 17-month high in late June, the milestone was met with some skepticism. Big jumps in a short period of time can signal that someone is trying to artificially move the market,… Read More
European Commission Calls for Tougher Action on Money Laundering
26th July 2019
European Commission Calls for Tougher Action on Money Laundering
The European Commission on Wednesday called for new measures to prevent money laundering in the economic bloc, citing recent bank scandals and fragmented supervision of multinational financial institutions.  In four reports, the EU executive recommended improving coordination among national financial intelligence units, bolstering regulatory and supervisory standards for cross-border… Read More
Malta’s anti-money laundering regime fails final Moneyval review
25th July 2019
Malta’s anti-money laundering regime fails final Moneyval review
Malta’s anti-money laundering regime has failed a review by international experts and the island now has a year to get its house in order or face potential blacklisting procedures. Monitoring body Moneyval gave Malta just over a year to address a series of shortcomings in its anti-money laundering efforts following… Read More
OFAC Warns on Iran’s ‘Deceptive’ Use of Airlines to Circumvent Sanctions
24th July 2019
OFAC Warns on Iran’s ‘Deceptive’ Use of Airlines to Circumvent Sanctions
The US Treasury Department on Tuesday advised American businesses and individuals to be wary of the potential sanctions hazards linked to Iran’s aviation sector. In an advisory, the department’s Office of Foreign Assets Control (OFAC) said that entities engaged in prohibited transfers of U.S.-origin aircraft, technology and related goods,… Read More
Senate cannabis hearing shows challenges to rewriting pot laws despite growing support in Congress
24th July 2019
Senate cannabis hearing shows challenges to rewriting pot laws despite growing support in Congress
A much-hyped congressional hearing on easing cannabis banking restrictions served as a reminder Tuesday that reforming pot laws remains an uphill battle in Congress despite growing bipartisan support among lawmakers. The Senate Committee on Banking, Housing and Urban Affairs hosted a… Read More
Indian panel recommends cryptocurrency ban
23rd July 2019
Indian panel recommends cryptocurrency ban
An Indian government panel has recommended banning all private cryptocurrencies and a jail term of up to 10 years and heavy fines for anyone dealing in digital currencies, which could signal the end of them in India. The panel drew up a report and draft legislation, which will be examined… Read More
Banker Bonuses Face Crackdown in Australia After Scandals
23rd July 2019
Banker Bonuses Face Crackdown in Australia After Scandals
Bank executives in Australia may have to wait as long as seven years to receive their bonuses and face a greater emphasis on improving culture and governance, under regulatory proposals spurred by a string of scandals across the financial industry. In other changes, financial measures will account for no more… Read More
Switzerland’s SIX to launch marijuana data service
23rd July 2019
Switzerland’s SIX to launch marijuana data service
SIX, the operator of Switzerland’s stock exchange, said it plans to launch a data service for more than 30,000 securities connected to marijuana related businesses (MRB) to help investors assess their exposure to cannabis-linked companies. Aimed at investors who don’t want their money being used for buying securities involved in… Read More
Britain kicks off review of regulating finance after Brexit
22nd July 2019
Britain kicks off review of regulating finance after Brexit
Britain has kicked off a review of how regulation of finance could be improved after Brexit, saying it would not tweak the existing set-up of watchdogs introduced in the aftermath of the financial crisis a decade ago. The European Union has been the source of financial rules in Britain for… Read More
Changes to gambling law is fuelling fears of money laundering
22nd July 2019
Changes to gambling law is fuelling fears of money laundering
Gambling bodies are concerned an increase in the maximum wager allowed on betting machines would lead to increased money laundering, according to correspondence seen by the Sunday Independent. TDs have been told the controversial Gaming and Lotteries Bill would enable criminals to place bigger bets and make greater gains on… Read More
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