News

Weekly Roundup: Federal Reserve Reverses Crypto Policy, Swiss Compliance Chief Fined, and More

The U.S. Federal Reserve Board withdrew a supervisory letter published three years ago that set forth an expectation that banks provide advanced notice before engaging in cryptocurrency-related activity. More Swiss authorities fined Banca Zarattini & Co.'s chief compliance officer for failing to flag suspicious transactions linked to Venezuelan state-run energy company PDVSA, Gotham City reported. More U.S. officials may shelve or even scrap plans to extend anti-money laundering obligations to most investment advisers, ACAMS moneylaundering.com reported. More Dutch shipbuilding giant Damen Shipyard, the company's current chairman and two former chairmen have been charged with bribery, money laundering, sanctions violations and...

TO READ THE FULL STORY
Subscribe Learn More