Weekly Roundup: Former US Sanctions Chief to Head Facebook Cryptocurrency, EU Pitches New AML Blacklist, and More

Stuart Levey, a former Treasury Department official who recently headed HSBC's legal department, has been appointed to lead the development of Facebook's cryptocurrency, Libra, after months of pushback from global regulators concerned over the digital token's vulnerability to financial crime, The Wall Street Journal and Reuters reported. More and More EU officials advanced plans for a single, anti-money laundering supervisor and other measures to bolster the bloc's oversight of anti-financial crime compliance, ACAMS reported. More A group representing German banks said EU plans to standardize AML rules and supervision across the bloc would be ineffective absent the harmonization of...