TOP STORY

Jul

16

Facebook Shares Preliminary Plan for Libra AML Compliance

David Marcus, CEO of Facebook subsidiary Calibra, speaks during a Senate Banking Committee hearing in Washington, D.C., on Tuesday, July 16, 2019. Marcus told lawmakers that Facebook’s cryptocurrency, Libra, will comply with U.S. anti-money laundering rules. (Getty Images)

lock

MORE NEWS

lock
The Council of the European Union issued Council Implementing Regulation (EU) 2019/1208, which amends the restrictive measures against South Sudan.
David Marcus, the head of Facebook's subsidiary Calibra, testified in front of the U.S. House Committee of Financial Services regarding the controls his organization is implementing on cryptocurrency Libra.
lock

Enforcement Actions

Latvia's Financial and Capital Market Commission fined the Riga, Latvia-based bank €1,028,850 for anti-money laundering and counterterrorist financing deficiencies in its customer due diligence and transaction monitoring programs.
The Qatar Financial Centre Regulatory Authority fined the Doha, Qata-based insurance intermediary firm for violations of the Anti-Money Laundering and Combating Terrorist Financing Rules 2010 and the General Rules 2005.