11th May 2016
Foreigners suspected of using London's property market to launder ill-gotten gains will be forced to declare where they got their money from, under new government proposals to fight global corruption. Read More
11th May 2016
According to reports, the International Monetary Fund is aiding the Ukrainian government in its efforts to fix the country’s weak anti-money-laundering regulations. Read More
11th May 2016
The Australian Financial Markets Association (AFMA) plans to sever its three-decade relationship with the bank bill swap rate (BBSW) amid ongoing rigging allegations and an increasingly complex benchmark setting process. Read More
11th May 2016
Ukraine's government and its biggest banks are on board a blockchain-based decentralised state property auction, part of a concerted effort to fight corruption. Read More
11th May 2016
The Federal Deposit Insurance Corporation (FDIC) on Monday reported to Congress five “major incidents” of data breaches involving taxpayers' personally-identifiable information, The Washington Post reports. Read More
11th May 2016
New York state has approved regulations allowing a new virtual currency called Ether. Gov. Andrew Cuomo, a Democrat, and the state’s Department of Financial Services announced the move on May 5. Read More
11th May 2016
The impeachment proceedings against Brazilian President Dilma Rousseff have put a spotlight on endemic corruption in the ranks of lawmakers. Some 60 percent of the 594 legislators in both chambers of Congress are being investigated for wrongdoing or are facing corruption charges, according to watchdog groups. Read More
11th May 2016
Andrew Bailey, the incoming head of the Financial Conduct Authority, said improving the culture of City firms is a priority and that “hubris” needs to be added to the list of risks firms face. Giving his last speech as a deputy governor of the Bank of England before taking up his role at the FCA, Bailey pointed to the over-confidence of the management at major banks as a cause for the taxpayer bailouts and billion of pounds in fines for misconduct in recent years. Read More
11th May 2016
The bookmaker Gala Coral has agreed with the gambling regulator to pay out nearly £880,000 after taking hundreds of thousands of pounds from a “VIP” problem gambler who was using the proceeds of theft to feed his habit. Read More
11th May 2016
Japan’s financial regulator is stepping up oversight of its biggest banks while stopping well short of imposing the type of intrusive stress tests that have been adopted in the U.S. and Europe. Read More