COPENHAGEN (Reuters) - Denmark's Financial Services Authority plans tougher scrutiny of how banks assess the risk of money laundering when a new law to combat the crime comes into effect this month, the regulator told Reuters.The FSA will "fairly quickly" check … [Read more...] about Banks face tougher scrutiny of risk under new Danish money-laundering law
Latest updates around the world on AML/CFT.
MELBOURNE (Reuters) - Australian Prime Minister Malcolm Turnbull said on Tuesday police were treating a deadly siege in the city of Melbourne as an "act of terrorism" after a claim by the Islamic State group that one of its fighters was the gunman responsible.Police … [Read more...] about Australia PM says Melbourne siege ‘a terrorist attack’
BEIJING (Reuters) - China will strengthen regulatory oversight of overseas transactions on Chinese bank cards, as it fights money laundering, terrorist financing and tax avoidance, its foreign exchange regulator said on Friday.From Sept. 1, Chinese banks will be … [Read more...] about China to bolster oversight of overseas transactions on Chinese bank cards
NEW YORK(Reuters) - HSBC Holdings Plc has partnered with Silicon Valley-based artificial intelligence startup Ayasdi Inc to automate some of its compliance processes in a bid to become more efficient.The banking group is implementing the company's AI technology to … [Read more...] about HSBC partners with AI startup to combat money laundering
LONDON(Reuters) - Militants drove a van at high speed into pedestrians on London Bridge before stabbing revellers on the street and in bars in the nearby Borough Market area on Saturday night in what authorities described as a terrorist attack.Armed police rushed to … [Read more...] about Militants plough van into crowd on London Bridge, stabs others on street