The Council of Europe’s Group of States against Corruption published a fifth evaluation round report examining Germany’s efforts to prevent corruption and promote integrity in central government and law enforcement agencies.
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.
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.
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.