While some EU jurisdictions have been under the spotlight for lax money-laundering controls, the problem goes much deeper than the headlines, as Anita Hawser reports.  

European Commission’s proposals to better insulate EU banks from shocks have been met by the industry with concerns.

UK financial watchdog has shown it will use criminal rather than just civil regulatory powers to go after a bank that has fallen short on compliance.

Banks may be affected by the UK watchdog’s more proactive approach to cancelling regulatory permissions.

Most banks should have negligible Libor exposures by the end of this year. But pockets of concern remain.

Regulatory efforts in the UK and Europe to encourage diversity and access to cash could have an impact on institutions’ operating models.

The US Securities and Exchange Commission has threatened to sue the crypto exchange Coinbase if it launches its planned lending product. 

Tackling money laundering, terrorist financing and other financial crime is a difficult chore for banks. However, new approaches are beginning to make a difference. 

Critics argue that a cap on bankers’ bonuses is ineffective and outdated, but the issue remains controversial.

The Bank of Jamaica has distributed $1.5m in central bank digital currencies to authorised institutions.