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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
US Commodity Futures Trading Commission Chair Michael Selig, who last month signed an information-sharing memorandum of understanding with Major League Baseball related to fast-growing online prediction market... (more story)
The EU data access framework for banking and financial services could move forward after months of deadlock, with EU countries expected to provide feedback by April 10 on the way forward, MLex has learned. In ... (more story)
A federal appeals court ruled for the first time on whether the US Commodity Futures Trading Commission has exclusive authority over online prediction markets, granting the agency’s request for jurisdiction ov... (more story)
The Trump administration has submitted for court approval a new plan to cut the US Consumer Financial Protection Bureau, this time by about two-thirds of the agency’s employees rather than an initial plan to r... (more story)
The US Commodity Futures Trading Commission sued three states over what the agency described as its exclusive authority to oversee booming prediction markets such as Kalshi and Polymarket. The CFTC, led by Cha... (more story)
KPMG won’t face any action over its audit of gambling company Entain, the UK’s Financial Reporting Council said Thursday. “Having reviewed the evidence obtained in the investigation, and having considered all ... (more story)
Iurii Gugnin, the founder of cryptocurrency payments firm Evita, pleaded guilty Wednesday to charges that he had defrauded US authorities and banks while processing illicit payments for Russian clients.
The Bank of England said on Wednesday that artificial intelligence risks are likely to increase, as UK financial firms expand their deployment of the advanced technology. The UK’s financial sector has yet to a... (more story)
Comment View More
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)
The UK's Financial Ombudsman Service should have a chair appointed by government rather than the financial markets watchdog, the finance ministry has said in a proposal that has sparked impartiality concerns. ... (more story)