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Midweek Roundup: G-7 to Prioritize Terror Financing, OCC to Train Banks on Cross-Border Client Expectations, and More
printThe G-7 is poised to recommend this week tougher steps to thwart terrorist financing by improving international cooperation and closing loopholes, the Financial Times reported. Earlier this year, France and Germany asked the European Commission to harmonize how terrorists' assets are frozen. More Authorities have launched an investigation into three Kuwaiti charities suspected of funneling donations to Islamic State, Arab Times reported Monday. More Ukrainian officials are investigating transactions at Kiev-based PJSC Ukrsotsbank for potential links to terrorist financing, Kyiv Post reported. The bank, which is a subsidiary of UniCredit Bank, is not suspected of wrongdoing. More The European Union...
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