by Argus | Anti Money Laundering, Financial Institutions, News
Standard Chartered Bank has been dogged by regulatory scrutiny in recent years. It has been fined billions of dollars since 2012 for compliance violations and has had trouble in showing the source of some of its clients’ wealth. According to sources, in some...
by Argus | Compliance, Financial Institutions, Monthly Newsletter, Regulatory Compliance
Articles and Events Summary Payment Services Act 2019 The Payment Services Bill (PSB) is an Act to provide for the licensing and regulation of payment service providers, the oversight of payment systems, and connected matters. PSB was passed in Parliament on 14...
by Argus | Anti Money Laundering, Compliance, Financial Institutions, News
Money laundering and the terrorism financing remain a major concern for the integrity of European Union’s financial system and the security of its citizens. Over the last few years, the EU has developed a comprehensive regulatory framework for preventing money...
by Argus | Financial Institutions, Fintech, News, Others
The Monetary Authority of Singapore (MAS) announced that it will begin accepting applications for new digital bank licences. Interested parties have until 31 December 2019 to submit their applications. This follows the announcement in June 2019 by Mr Tharman...
by Argus | Anti Money Laundering, Financial Institutions, News
The British-registered, Qatari state-controlled bank Al Rayan, that has been acting as a platform for extremists’ interests in Europe, is being investigated over its money laundering controls. The bank has come under scrutiny after it was revealed its client list...
by Argus | Anti Money Laundering, Financial Institutions, News
What was long regarded as a minor issue for Nordic banks, money laundering has become a serious area of concern in the last two years following scandals at competitors Danske Bank and Swedbank. Norway’s Financial Watchdog – FSA (Financial Supervisory Authority) has...
