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.
Mexican FIU freezes hundreds of bank accounts, FinCEN details red flags of unemployment insurance fraud, and more, in the midweek roundup.
STRs dropped significantly last year in Luxembourg, Belgium and the Netherlands after authorities began emphasizing quality over quantity of reporting and eliminated certain numerical thresholds for filing.
Germany’s Federal Financial Supervisory Authority (BaFin) ordered Deutsche Bank AG to adhere to the customer due diligence obligations stipulated in the German Money Laundering Act.