News

Rabobank may receive a fine in the Netherlands after failing to address longstanding anti-money laundering weaknesses, Reuters reported. More South Korean regulators ordered KakaoBank to boost monitoring of international funds transfers and assess the AML-related risks presented by new products and services, Paypers reported. More Jes Staley, who resigned as chief executive of Barclays this month amid a regulatory probe into his ties to Jeffrey Epstein, exchanged 1,200 emails with the late financier and convicted sex offender over a four-year period, the Financial Times reported. More Israeli officials formally subjected the cryptocurrency industry to AML rules, the Jerusalem Post reported....