On the one year anniversary of Russia's invasion of Ukraine, the US has outlined a new round of sanctions on Russian individuals and firms, including banks. Separately, financial crime watchdog Financial Action Task Force (FATF) has suspended Russia.
Ron Kalifa OBE's fintech review, released in 2021, outlined a comprehensive plan to bolster the UK sector's dominance across the globe at an inflection point between opportunity and risk for the industry in 2021.
Former British political party leaders Sir Tony Blair and Lord William Hague have heralded digital identity cards as part of the "technological revolution."
AML RightSource, the leading provider of Anti-Money Laundering (“AML”), Know Your Customer (“KYC”) and Bank Secrecy Act (“BSA”) compliance solutions, announced today that Florida-based bank Banesco USA has selected its Automated EDD (Enhanced Due Diligence) solution for efficient, compliant customer risk reviews with streamlined, AI processes that deliver detailed assessments and reporting.
Federal bank regulatory agencies today issued a joint statement highlighting liquidity risks to banking organizations associated with certain sources of funding from crypto-asset-related entities and some effective practices to manage those risks.
By force of its functions to maintain financial stability, to manage the monetary policy, and to regulate the payment systems in Israel, the Bank of Israel is examining the issue of activity in digital assets, and their impact on the areas under the Bank's purview.
