FranceThe Group of 7 published a report outlining common public policy principles for establishing retail central bank digital currencies, covering a range of important matters related to financial stability, cybersecurity, inclusion and tackling illicit finance.
The finance ministers and central bank governors of the Group of 7 member countries issued a statement on central bank digital currencies and digital payments, highlighting the importance of international cooperation to ensure common regulatory standards.
U.S. lawmakers want AML rules for lawyers and real estate agents, Justice Department plans more corporate prosecutions, and more, in the weekly roundup.
Midweek Roundup: Afghan FIU Shuts Down, Japanese Banks Reconsider Remittances, and More
French lenders curtail Lebanese business over corruption, New Zealand fines derivatives trading firm more than $500,000 for AML failures, and more, in the midweek 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 : 23/179 |
| Score : 69/100 |
| Rank : 33/133 |
| Score : 50/100 |