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NEWS: Bank of America CEO calls for AML rules to be simplified

Premium February 25, 2025

AML: Bank of America Chairman and CEO Brian Moynihan testifies before a Senate Banking, Housing, and Urban Affairs hearing on "Annual Oversight of the Nation's Largest Banks", on Capitol Hill in Washington, U.S., September 22, 2022. REUTERS/Evelyn Hockstein/File Photo

LATEST: SEC drops lawsuit against Binance crypto exchange

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NEWS: Dutch government to share personal data with banks in AML overhaul

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INSIGHT: US pressure forces Liechtenstein to consider tighter controls of Russia-linked trusts 

By PAUL O’DONOGHUE, Senior Correspondent

BANK of America CEO Brian Moynihan has called for a rethink of how anti-money laundering rules impact the banking sector.

Speaking at a conference in Washington, Moynihan called for more dialog about regulations on AML, know-your-customer and reporting requirements.

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LATEST: SEC drops lawsuit against Binance crypto exchange

 Premium

NEWS: Dutch government to share personal data with banks in AML overhaul

 Premium

INSIGHT: US pressure forces Liechtenstein to consider tighter controls of Russia-linked trusts 

Regulatory Watch News

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    The Hong Kong Monetary Authority (HKMA) today (30 May) urged members of the public to be vigilant against fraudulent social media accounts impersonating Mr Eddie Yue, Chief Executive of the HKMA. The HKMA clarified that its latest news and work priorities are only disseminated through official channels, including the official website and social media accounts (for details, please visit www.hkma.gov.hk). Any other personal social media accounts or pages claiming to represent the HKMA Chief Executive are fake.

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    Australia Federal Police

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