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NEWS: UniCredit takeover of BPM blocked over Russia AML worries

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FILE PHOTO: The headquarters of UniCredit bank in Milan, Italy, February 8, 2016. REUTERS/Stefano Rellandini/File Photo

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NEWS: Five arrested in Germany as police shut down €6M pyramid scheme

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NEWS: UK’s FCA bans ex-Credit Suisse VP Detelina Subeva after US money laundering conviction

INSIGHT: ‘Fincrime Central’ admits using AI to re-write Sarah Beth’s original opinion column; result ‘diluted, degraded’ original content

By PAUL O’DONOGHUE, Senior Correspondent

THE Italian government has blocked UniCredit’s proposed takeover move for Banco BPM, citing AML worries linked to Russia.

UniCredit said it could not proceed with its planned deal because the state had imposed conditions on the transaction.

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NEWS: Five arrested in Germany as police shut down €6M pyramid scheme

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NEWS: UK’s FCA bans ex-Credit Suisse VP Detelina Subeva after US money laundering conviction

INSIGHT: ‘Fincrime Central’ admits using AI to re-write Sarah Beth’s original opinion column; result ‘diluted, degraded’ original content

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