Financial crime
Fed fines Deutsche Bank $186.4 million for AML violations
German lender failed to comply with earlier orders and was involved in Danske Bank scandal
Panama supreme court rejects crypto law
Judges agree draft law has unconstitutional provisions and was improperly passed
Nigerian court orders release of former governor
Lawyers argue that Emefiele’s month-long detention is unlawful
BIS attacks crypto in report to G20 officials
But report promotes DLT for use in cross-border wholesale CBDC
IMF repeats warning on Marshall Islands’ fintech plans
Fund proposes Pacific island state could set up a ‘monetary authority’
Lebanese deputy governors ‘threaten to quit’, report says
Prime minister says he will not appoint successor to Salameh as French court backs asset seizure
BIS reports gaps in CBDC cyber security modelling
Over 90% of central banks now working on a CBDC project, survey finds
Ukraine’s governor on central banking in wartime
Andriy Pyshnyy talks about macroeconomic stability, running banks under missile attack, winning IMF aid and post-war reconstruction plans
FATF finds global crypto AML failures
Most jurisdictions “struggle with fundamental requirements”
Former PBoC deputy governor expelled from Communist party
Anti-corruption body accuses fintech and pyaments overseer Fan Yifei of accepting large bribes
SEC charges Binance and Coinbase
World’s largest crypto exchanges accused of illegal operations at expense of investors
Lebanon imposes travel ban on governor
Germany follows France in issuing arrest warrants for Riad Salameh
Iosco sets out global crypto regulation
International group of regulators targets conflicts of interest in the industry
European Council adopts Mica regulation
Crypto legal framework covers issuers and service providers but not defi
French prosecutors issue arrest warrant for Lebanese governor
Salameh condemns move and calls for Lebanon to end co-operation with European investigations
Lebanese governor fails to attend French court hearing
Salameh’s lawyer calls summons “null and void” as politicians hold talks over possible successor
UK regulator and police raid crypto ATM sites
There are no legally registered crypto ATMs in the UK
French magistrates will charge Lebanese governor, report says
Investigators questioned Salameh’s brother over embezzlement and money laundering claims
US Treasury releases defi risk assessment
Lax adherence to AML/CFT requirements allows criminals to launder money
Central bankers cast doubt on utility of CBDC
“Element of Fomo” drives projects on even when purpose is unclear and resources lacking
CBSL requests criminal proceedings against crypto schemes
Legal action could allow investors to recoup losses
Papua New Guinea phasing out cheques
Central bank will stop processing cheques from larger businesses from end-2023
EU politicians back plan for new AML authority
Proposals include tougher transparency requirements and crypto transaction limits
Moldova cuts rates while North Macedonia tightens
Inflation falling in both countries as Moldova confronts drought and energy problems