The Chinese anti-corruption watchdog has reportedly put Tian Huiyu, the ex-president of China Merchants Bank, under investigation, The Wall Street Journal (WSJ) wrote. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
No comment. Really — at least right now — now comment. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...
The Office of the Comptroller of the Currency (OCC) issued yesterday, April 21, 2022, two cease-and-desist orders against USAA Federal Saving Bank and Anchorage Digital Bank for violations of the Bank Secrecy Act (BSA) and deficiencies in their anti-money laundering (AML) programs. In the case...
Cryptocurrency lender Anchorage Digital Bank failed to comply with anti-money laundering mandates (AML) and violated rules for monitoring suspicious activity, according to a statement from the Office of the Comptroller of the Currency (OCC). Get the Full Story Complete the form to unlock this article...
The Federal Reserve will close tomorrow, April 22, a public consultation for its updated guidelines to evaluate requests for accounts and services at Federal Reserve Banks. However, according to the Federal Reserve’s website, there is not even one public comment to these guidelines — this...
The European Banking Authority (EBA) on Tuesday, April 19 will close a public consultation launched in January to better understand certain trends of payment fraud in Europe, and to figure out the origins of some types of fraud by payment method. Get the Full Story...
Former Obama Treasury official Michel Barr is expected to get an official nomination from President Joe Biden to fill the role of vice chairman of banking supervision at the Federal Reserve, according to a White House statement on Friday (April 15). Get the Full Story...
On Thursday April 7, the Federal Deposit Insurance Corporation (FDIC) announced that it will require all the institutions that it supervises to notify if they are engaged or intent to engage in any activity involving or related to crypto assets. The FDIC will review the...
The European Central Bank (ECB) plans to end easy collateral terms that commenced at the start of COVID-19 and tighten banks’ access to liquidity, the bank announced Thursday (March 24). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
