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Lobbying on anti-money laundering reporting and compliance issues more than doubled between the first quarter of 2017 and the same period this year as Congress eyed possible changes, according to data compiled by Bloomberg Government.
Danske Bank A/S slumped the most in more than two years after investors were disappointed by its second-quarter results and as management set aside money linked to laundering crimes amid Danish government warnings that such funds will be confiscated.
Police, prosecutors and the four biggest banks in the Netherlands have teamed up to sift through financial data in a hunt to prevent the next terrorist attack in Europe.
The U.S. Treasury Department's 2016 temporary transparency rule, imposed on Miami real estate companies, has caused anonymous cash buyers to stop buying homes.
Federal Reserve Chairman Jerome Powell on Wednesday expressed doubts about the usefulness of cryptocurrency for anything other than obscuring illegal activity.
The founder of fintech startup Revolut, Nikolay Storonsky, used to scorn banks’ compliance departments as overstuffed and out-of-date. “We can do as much as an army of compliance professionals with one good data scientist,” he told website eFinancialCareers last year.
A daily roundup of corruption news from across the Web, incluing: bribery, cybercrime, fraud, money laundering, sanctions, and general anti-corruption.
"Immediately following a breach, it’s all hands on deck. C-suite executives and company managers need to delegate responsibilities or lead investigations into the cyberincident themselves, often with the help of internal and external IT and forensics experts.
Revolut discovered a spate of suspected money laundering on its digital payments system a few months ago, prompting the UK’s fastest growing financial technology company to notify law enforcement authorities and the financial watchdog.
Most states with nuclear weapons maintain policies that would permit their first use in a conflict. Pledges to only use these weapons in retaliation for a nuclear attack—or a no-first-use (NFU) policy—are rare. Where these pledges have been made by nuclear states, their adversaries generally consider them not credible.