News

The European Commission formally introduced a wide-ranging proposal to strengthen the EU's defenses against financial crime, including by banning bearer shares, enhancing corporate transparency, harmonizing anti-money laundering rules and centralizing supervision, ACAMS moneylaundering.com reported. More Online trading platform Robinhood expects to pay $30 million to resolve AML violations in New York, Seeking Alpha reported. More Various branches of the U.S. military and federal agencies have inadvertently purchased video surveillance equipment from blacklisted Chinese companies, the Intercept reported. More More than 300 German financial institutions, most of them highly specialized branches or subsidiaries of full-service banks, are not monitored by any supervisor...