FranceThe finance ministers and central bank governors of the G7 member countries issued a joint statement on the widespread adoption of digital payments, highlighting risks related to financial stability, consumer protection, taxation, cybersecurity, money laundering and terrorist financing.
Germany’s Foreign Minister Heiko Maas and French Minister of Europe and Foreign Affairs Jean-Yves Le Drian issued a joint statement condemning the poisoning of Alexi Navalny in Russian territory and pledging to explore sanctions in response.
Cryptocurrency ‘Coupons’ Funded Syrian Jihadism, French Authorities Claim
A sophisticated terrorist-financing network in France took advantage of the anonymity offered by cryptocurrency and especially cryptocurrency “coupons” to move funds to al-Qaida and Islamic State militants in Syria, French authorities said.
Banque de Commerce et de Placements fined in Luxembourg for AML lapses, Austria expands investigations into Commerzialbank, and more, in the weekly roundup.
The National Financial Prosecutor of the Paris First Instance Court entered into an agreement with HSBC Private Bank (Suisse) SA requiring the Geneva, Switzerland-based financial institution to pay €300 million for allegations of aggravated money laundering of tax evasio
The National Financial Prosecutor of the Paris First Instance Court entered into an agreement with HSBC Private Bank (Suisse) SA requiring the Geneva, Switzerland-based financial institution to pay €300 million for allegations of aggravated money laundering of tax evasion proceeds.
| Technical | Effectiveness |
|---|---|
| Compliant : 9 | High : |
| Largely Compliant : 29 | Substantial : |
| Partially Compliant : 10 | Moderate : |
| Non-Compliant : 1 | Low : |
| Rank : 122/141 |
| Score : 3.92/10 |
| Rank : 23/180 |
| Score : 69/100 |
| Rank : 33/133 |
| Score : 50/100 |