The 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.
Weekly Roundup: FinCEN Fines Capital One, US Far-right Accepted Foreign Cryptocurrency, and More
Federal lawmaker wants beneficial owners behind Capitol riot identified, senior Commerzbank executive claims Wirecard fraudulently obtained loans, and more, in the weekly roundup.
Cryptocurrency industry slams U.S. plan to broaden reporting requirements, China AML-related fines tripled in 2020, and more, in the midweek roundup.
France and FATF Align on Cryptocurrency
Lockdowns, Legal Changes and Leak Fatigue: the Year in AML
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 |