EU to propose new body to tackle dirty money, documents say
The European Union will propose a new agency to crack down on money laundering and new transparency rules for transfers of crypto-assets, EU documents showed on Wednesday as the bloc responds to calls for tougher action to fight dirty money.
Analysis: Remittance firms slow to add bitcoin, despite El Salvador move
El Salvador may be touting bitcoin’s use to help its citizens living abroad send funds back home, but the biggest remittance firms are cautious about offering cryptocurrency services.
EXCLUSIVE ECB tells Deutsche Bank to find new chairman fast – sources
The European Central Bank has asked Deutsche Bank a number of times in recent months to name a successor to chairman Paul Achleitner as the end of his term nears, two people with knowledge of the matter said.
Australia’s NAB reveals anti-money laundering probe, shares fall
National Australia Bank (NAB.AX) said on Monday it is under investigation for suspected serious and ongoing breaches of anti-money laundering and counter-terrorism laws, sparking concerns about potential fines and higher compliance costs.
Can a more secure financial system help raise Bhutan’s Gross National Happiness?
By Kanokpan Lao-Araya, Carlo Antonio Garcia Bhutan is working to decrease opportunities for money laundering while increasing the security of the financial system. Bhutan is famous for using “Gross National Happiness” – Gyalyong Gakid Palzom, formally enshrined in its 2008 Constitution – as its national goal. However, recent developments in its financial sector have complicated the country’s pursuit […]
