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Financial Services
Editor's Picks
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Mexican businessman’s bribery conviction to be thrown out by US judge
A US judge said Monday that he will throw out the conviction of a Texas-based Mexican businessman for paying bribes to officials of Mexico’s state-owned oil company... (more story)
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Whistleblower program aims to enhance US money laundering enforcement
A long-awaited whistleblower reward program at the US Treasury Department’s financial intelligence unit should enhance US enforcement of anti-money laundering laws,... (more story)
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US anti-money laundering shift under Trump more style than substance, Fitch says
Changes in US anti-money laundering regulation and enforcement during President Donald Trump’s second term have thus far been a modest shift in emphasis and tools r... (more story)
Insight View More
The UK government has proposed amendments to the upcoming pensions bill to cap a reserve power that would allow ministers to force pension funds to invest in specific assets. The Labour administration introduc... (more story)
The US Treasury said it launched a plan to provide “timely, actionable cybersecurity information” to the digital assets industry as cyber threats targeting cryptocurrency platforms grow “in frequency and sophi... (more story)
The US Treasury Department proposed rules that would implement a statutory mandate to apply anti-money laundering and sanctions compliance requirements to stablecoin issuers. Commenters have 60 days to respond.
Talks on a revamped EU securitization framework have progressed among EU lawmakers, with a new draft compromise put forward and due to be discussed on April 14 that softens his initial ambitions to loosen capi... (more story)
KakaoPay returned to court on Thursday after judges in South Korea reopened arguments to probe lingering questions over the legal framework behind the privacy watchdog’s sanctions, with the payment giant and t... (more story)
The UK financial sector has called for a review of financial promotion rules, arguing that the current “loss-focused” warnings are discouraging retail investors. In the Risk Warnings Review, a group of 17 fina... (more story)
As banking and cryptocurrency firms clash over a key part of a digital assets regulatory bill in the US Senate, the White House has waded in with a study showing that, in essence, banks are making much ado abo... (more story)
The Trump administration unveiled a draft, mostly industry-friendly plan to combat money laundering and terrorism financing by ceding decision-making responsibilities to banks to assess their illicit financial... (more story)
Comment View More
Former Barclays executive Katharine Braddick takes the helm of the UK’s prudential regulator this July, ushering in a new five-year chapter after a decade under the leadership of Sam Woods. With a wealth of ex... (more story)
UK banks and other lenders digesting the repercussions of the £9.1 billion car finance compensation plan unveiled in final form by the financial watchdog this week will have an eye on the likelihood of a flurr... (more story)
EU countries' finance experts started two days of key talks on Monday on the EU market watchdog's new powers and distribution of roles with national authorities in a contentious package proposal for better int... (more story)
US plans to cut bank capital requirements are putting wind in the sails of European lenders pushing for looser EU rules. European banks are looking beyond amendments to Basel III market risk standards that are... (more story)
UK efforts to streamline financial rules and boost economic growth need speeding up to bring international investment in, the chief ambassador for London's financial district told MLex in an interview. Susan L... (more story)
EU leaders have agreed to aim to get centralized capital markets supervision and other key competitiveness-focused financial reforms passed this year, setting strict deadlines to apply political pressure on re... (more story)
EU heads of state and government will this week make a push to incentivize the scale-up of European companies, with one eye on strategic areas such as finance. But the same leaders who are ready to endorse thi... (more story)
Central supervision of financial markets appears more efficient than supervisory convergence among the 27 EU countries when it comes to significant cross-border players, the European Securities and Markets Aut... (more story)