A proposal to study bitcoin regulation in North Dakota has reportedly run into some opposition. As reported last week by
China’s central bank said on Thursday it met with nine smaller local bitcoin exchanges to discuss risks and problems in the bitcoin market, and warned them that they risk closure should they seriously violate the country’s regulations.
PayPal Holdings Inc. PYPL, +2.15% shares declined in the extended session Wednesday after the payment-services company said it received a subpoena from the Department of Justice over a money-laundering probe.
A deal for the payment affiliate of Chinese e-commerce giant Alibaba Group Holding Ltd to buy U.S. money-transfer company MoneyGram International Inc has the potential not only to rattle the international funds transfer landscape, but also to pressure China to bolster a lackluster anti-money laundering regime, anti-money laundering professionals said.
Legislators in North Dakota are quietly – but quickly – advancing a measure to study how the state should approach regulating digital currencies like bitcoin.
The Dutch government is trying to make it easier to launch a criminal investigation against persons who use bitcoin to launder money from illegal activities, according to Financieele Dagblad, a Dutch newspaper.
The Israeli Tax Authority has put forward a draft tax guideline on how to treat Bitcoin. The announcement on the 11 January 2017 in their official publication sets out these proposed guidelines.
With digital transactions gaining traction, the government is mulling setting up of a separate regulator for enabling electronic payment system in the country as well as regulate transaction charges.
Donald Trump hasn’t even formally appointed CFTC commissioner Chris Giancarlo as chairman yet, and he’s already appropriated the president-elect’s slogan: “Making Market Reform Work for America.”
Amid the self-evaluation and manager assessments of the annual performance review season, many compliance professionals consider or ask the question: “am I in a good place, being fairly compensated, or better off elsewhere?”
An investment fund can be utilised by those seeking to launder money. Investment funds are particularly suitable for money laundering where a large sum of illicit money is already within the financial system.
It is a precarious victory that Romania's 500,000 protesters earned last week, and it is characteristic of current public sentiment that there have been no celebrations. There is widespread distrust of the government, partly due ...
This is the transcript of a speech given by John Griffith Jones, Chairman at the UK's Financial Conduct Authority, to MBA students at Cambridge Judge Business School. It is republished here with the FCA's permission. Thank you ...
The fallout from a massive bribery scandal that helped to bring down a Brazilian president is spreading across Latin America, threatening to engulf leaders from Panama to Peru. The workings of a secret “bribery department” at ...
Serious and organised crime costs the UK £24bn annually, and threatens the safety of the British public. Accountants form a crucial part of the front line when it comes to spotting suspicious financial activity and ...
HSBC has cut the pay package of its top executives in 2016 after Britain’s biggest bank failed to meet demands by US regulators that it toughen up its defences against financial crime.
On 17 January 2017, at Southwark Crown Court, Lord Justice Leveson approved a deferred prosecution agreement (“DPA”) between the Serious Fraud Office (“SFO”), and Rolls-Royce Plc and Rolls-Royce Energy System Inc (“Rolls-Royce”). The third DPA agreed by the SFO has led some to wonder whether DPAs have finally come of age as a weapon the SFO’s enforcement arsenal.
In late November, Jay Clayton was called by a longtime client seeking advice for how the Trump administration should tackle scaling back rules on Wall Street.
European Supervisory Authorities warn on money laundering and terrorist financing risks affecting the EU financial sector
The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) published today a joint Opinion addressed to the European Commission on the risks of money laundering (ML) and terrorist financing (TF) affecting the European Union’s financial sector.