News

A former employee of Danske Bank Estonia told Bloomberg that management awarded bonuses to motivate staff to process high-risk, cross-border transactions for foreign clients. More Germany's financial intelligence unit is struggling to process suspicious activity reports in a timely manner amid a staff shortage and increased filings by the online banking sector, the Frankfurter Allgemeine Zeitung reported. More France's banking regulator criticized money remitters for lax compliance with rules against terrorist financing, ACAMS moneylaundering.com reported. More A newly effective New York state law aimed at curbing anonymous purchases of high-end real estate by legal entitles enables the public to obtain...