Financial crime
IMF must defend reform in Ukraine – Gontareva
Lawmakers accept Smolii’s resignation as former governor says president has “fooled” IMF
Ukrainian governor resigns in protest
Smolii says he has been the target of “sustained political pressure” aimed at stopping him doing his duty
Bafin says it did not supervise scandal-hit Wirecard
Official tells Central Banking he is “not aware” of any agency supervising firm implicated in fraud
German regulator faces questions after Wirecard admits huge possible fraud
Bafin brought criminal complaint against journalists who alleged wrongdoing at German company
IMF agrees Ukraine aid after government backs banking reform
Move is major setback for billionaire accused of harassment campaign against central bank
Iranian central bank announces takeover of militia-owned banks
Five banks owned by Revolutionary Guards to be taken over by country’s largest lender
Liberian government releases four central bank officials
Government official says it is “going after” central bank board despite unclear evidence of alleged theft
The impact of AI adoption on supervisors
MAS’s former data chief says a triad of basic AI training, supervisor data scientist hubs and suptech adoption create strong foundations
Book notes: In the combat zone of finance, by Svein Harald Øygard
A fascinating and readable book for those charged with maintaining financial stability and interested in a new perspective on institutional efficiency
Ukraine central bank cuts policy rate sharply
NBU says failure to agree IMF deal is main risk, as bank administrators sue oligarch
Covid-19 frazzles AI fraud systems
Seismic changes in customer behaviour see machine learning solutions throw out false positives
Major bank hid money-laundering evidence – Swedish regulator
Swedish FSA fines Swedbank record $386m over failures as Estonian prosecutors continue AML probe
Senior Moldovan central bank officials arrested
Central bank expresses “deep concern” over arrests and calls for “impartial” probe into 2014 fraud
‘Systemic cyber incidents’ could cause major damage – ESRB
EU body says cyber attacks could reach “tipping point” and freeze financial sector
EU regulators must end ‘tick-box’ approach to money laundering - EBA
First EBA report on national supervisors’ AML/CFT approaches says many agencies fail to co-operate
Political dispute over Ukrainian central bank intensifies
Prime minister offers to resign after “doctored” recordings of meeting with central bank are leaked
EU to set up cross-border AML bodies for some banks
Banks working in more than three EU countries must have own anti-money laundering “colleges”
Sri Lankan government may not pass central bank reform – adviser
Former governor’s comments come as IMF praises draft law on central bank inflation targeting
IMF head warns Ukrainian president over banking scandal
Central bank sues lawmaker over what it says are slanderous statements on behalf of oligarch
The pursuit of ‘fintecgrity’
Digital currencies, distributed ledgers and deep learning are set to transform the financial economy. How can regulators maintain integrity at the confluence of finance and technology?
El Salvador central bank chief quits after five months
President asked Carlos Federico Paredes to step down due to ongoing accusations of real estate scam
Ukrainian central bank accuses oligarch of intimidation campaign
Ihor Kolomoisky is behind “slanders” and violence “by hired thugs” over bank nationalisation, says NBU
Ukrainian central bank officials stand bail for arrested council member
Former supervisor is placed under house arrest and first deputy governor is released on bail
Ukrainian central bank attacks arrest of former deputy governor
Arrest is “absurd” and aims to send a message to reformers, Gontareva says