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Midweek Roundup: AML Flaws Sink Merger, Lebanon Faces ‘Gray List,’ and More

Alleged gaps in Alta Pay's anti-money laundering program prompted the European Central Bank to block the Serbian lender's planned acquisition of Austria's Addiko Bank, the Financial Times reported. More Lebanese officials expect the Financial Action Task Force to add their country to a global "gray list" of nations with substandard AML regimes this month, Bloomberg reported. More Senegal is expected to secure removal from the list after introducing a slew of AML reforms, Bloomberg reported. More FATF by the end of this month will also rule on Ukraine's petition to blacklist Russia for allegedly violating the intergovernmental organization's principles, including...

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