Cognive

The Belgian unit of ING Groep NV was fined 350,000 euros ($394,485) by the central bank of Belgium for violating legislation against money laundering. #moneylaundering https://www.bloomberg.com//ing-s-belgian-unit-fined-for-mo

Banker’s Wife Accused of Role in Crime Group That Stole $97 Million #moneylaundering #financialcrime https://www.riskscreen.com//bankers-wife-accused-of-role-/

International Monetary Fund Managing Director Christine Lagarde warned on Saturday that the increasing presence of technology giants using big data and artificial intelligence could cause a significant disruption to the world’s financial system. #future #banking https://www.reuters.com//imfs-lagarde-highlights-potential

Over $267 million has been seized from an account maintained for former Nigerian head-of-state Sani Abacha, according to the Bailiwick of Jersey. #corruption #moneylaundering https://www.riskscreen.com//ex-nigerian-dictators-267-mil/

Estonia’s financial supervisor on Tuesday said it had revoked the operating licence of payment services provider GFC Good Finance Company AS over its failure to comply with the country’s anti-money laundering (AML) laws. https://www.riskscreen.com//estonia-shuts-down-payment-se/

Eritrea is being removed from the United States government’s list of countries deemed not to be cooperating fully with U.S. counterterror efforts. https://apnews.com/3a8cd4480d92477ca328d8da2c51535a

In Egypt, cash is king, even when it comes to salaries. Of the 100 million-strong population, the World Bank estimates that just 10-15 per cent have a bank account, one of the lowest penetration rates in the world. #banking https://www.wamda.com//banking-unbanked-growth-fintech-egy

It’s been 30 years since the Sommet de l’Arche in Paris established the Financial Action Task Force (FATF) to combat money laundering. So where have we come to in Europe and what remains to be done? https://www.riskscreen.com//money-laundering-deterrence-i/

Can big lenders beat the fintechs at their own game? #banking #fintech https://www.bloomberg.com//banks-waking-up-to-fintech-thre

Spanish police say they have arrested four people as part of a judicial probe into a money laundering racket allegedly involving funds coming from Venezuela’s state-run oil company PDVSA. https://apnews.com/d368e03ccad64ddcb5f5a3602bcb649d

Financial regulators in eight Nordic and Baltic countries have agreed to share more information about money laundering threats in an effort to fight financial crimes #moneylaundering https://www.wsj.com//nordic-baltic-regulators-agree-to-sha

Latvia came under renewed pressure to accelerate financial reforms as a senior U.S. official, at a meeting with its prime minister, underscored the urgent need for stricter controls after a money laundering scandal. https://www.reuters.com//u-s-urges-latvia-to-step-up-refor

Criminals had placed an estimated $5.3 billion CAD in real estate in the Canadian province of British Columbia (BC) as of last year, according to a report published Thursday. #moneylaundering https://www.riskscreen.com//money-laundering-in-british-c/