'We're Not Libra,' Ripple Tells U.S. Congress
As Facebook’s Libra project endures withering criticism from Congressional critics — and a day before …
Brussels' Money Laundering Proposals Met With Scepticism
The European Commission’s plans to change EU anti-money laundering rules from directives into regulations will …
Federal U.S. Regulators Discourage De-Risking In Joint Statement
As bank de-risking continues to plague the worldwide financial system, U.S officials are encouraging regulated …
Fed Up EU Commission Backs Legal Shift On Money Laundering Directives
The European Commission has thrown its weight behind a move to make EU anti-money laundering …
Hong Kong Plots Prepaid Overhaul After Report Exposes AML Risks
Hong Kong’s financial regulator said it will adjust rules governing prepaid money providers, following a …
No Libra Launch Until Regulatory Concerns Resolved, U.S. Senate Told
A key architect of Facebook’s digital currency project, Libra, has attempted to reassure lawmakers that …
Latvian Banks Told To Prepare For 'No Mercy' Enforcement
Latvian authorities have handed a €1m fine to Rigensis Bank for violating an array of …
OFAC Combing Attempts To Skirt Sanctions With Crypto
The U.S. government’s sanctions watchdog is believed to be investigating cases where cryptocurrencies have been …
EU, Canadian Financial Firms In Legal Firing Line Over Cuba Business
A lawyer who slapped a suit on Société Générale over its processing of payments for …