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Financial Services
Editor's Picks
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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)
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Halkbank deal an 'important component’ of Israel-Gaza ceasefire talks, US says
Reaching a deal with Turkish state-owned Halkbank over alleged money laundering and sanctions violations was a key part of talks to resolve Israel’s conflict in Gaz... (more story)
Insight View More
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)
EU countries will resume talks on a major capital markets reform package on April 15 and on April 20, focusing on less contentious issues such as settlement regulation and ESMA funding. But divisions over tran... (more story)
The UK’s banking system should actively mitigate risks emerging from the war in Iran, a Bank of England committee responsible for financial stability said. The Financial Policy Committee, responsible for monit... (more story)
South Korea moved on Wednesday to contain the implications of Washington’s latest assessment of its regulatory landscape, after a US trade report cast a growing range of the country’s digital and data-related ... (more story)
Banking and cryptocurrency firms remain at an impasse months after Senate Banking Committee Chair Tim Scott expressed optimism that an agreement was nigh on a draft bill to create a crypto regulatory edifice, ... (more story)
A long-awaited whistleblower reward program at the US Treasury Department’s financial intelligence unit should enhance US enforcement of anti-money laundering laws, sanctions violations and other illicit finan... (more story)
Biden administration recovery guidelines for large banks have been rescinded by the US Office of the Comptroller of the Currency, which cited the elimination of “unnecessary regulatory burden” and objected to ... (more story)
A push by Italy and Germany to include stablecoin rules in the EU's market integration package proposal has received mixed reactions among member states, with some backing the proposal and others fearing it co... (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)