After looking into the anti-money laundering efforts of 30 major banks over the spring, Swiss financial regulator, FINMA, has published a new set of guidelines, outlining its findings and highlighting measures Swiss banks must take to improve their protections against money laundering – a longstanding problem in the region.
A government policy statement published today by the UK Treasury has set the minimum expectations on banks to protect services for people and businesses wanting to withdraw or deposit cash.
Greenwashing is fast becoming a key area of focus for financial regulators around the globe, evidenced by the growing number of cases against banks for misrepresenting their ESG credentials. In our latest free report, we take a look at some examples of high-profile greenwashing cases and how the regulatory landscape for targeting and preventing greenwashing is shaping up.
The African Development Bank (AfDB) has confirmed that a fund it launched to help finance anti-corruption projects has been untouched since it was created seven years ago.
The US Securities and Exchange Commission (SEC) has confirmed that crypto exchange Bittrex and its co-founder and former CEO, William Shihara, have agreed a settlement for charges that they were operating as an unregistered national securities exchange, broker and clearing agency.
FTX is suing former CEO and founder Sam Bankman-Fried for US$1bn, along with three former executives at the firm.
Ukraine’s largest bank has accused its previous owners of large-scale fraud at a trial taking place at London High Court this week.
Carrie Tolstedt, a former senior executive at Wells Fargo, has agreed to settle charges brought by the SEC in 2020 in relation to the false accounts scandal, for US$3m.
This week has seen US regulators crack down hard on crypto firms they feel are flouting US securities rules.
The Confederation of British Industry (CBI) is battling for survival as members prepare to vote whether to keep the scandal-ridden industrial body, or disband.
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