Financial crime watchdog adds South Africa, Nigeria to ‘grey list’
International financial crime watchdog the Financial Action Task Force (FATF) on Friday added South Africa to its "grey list" of countries under special scrutiny...
China calls for ‘joint action’ in debt settlements at G20
China, the world's largest bilateral creditor, urged G20 nations on Friday to conduct a fair, objective and in-depth analysis of the causes of global...
IMF lays out crypto action plan, recommends against legal tender status
The International Monetary Fund (IMF) has laid out a nine-point action plan for how countries should treat crypto assets, with point number one a...
US to ‘quickly’ nominate candidate to lead World Bank, Yellen says
The United States intends to "quickly" nominate a candidate for the World Bank presidency who is committed to the lender's poverty reduction mission as...
Bank of America racked up $1.2 billion in penalties, settlements in 2022
Bank of America Corp (BofA) (BAC.N) amassed $1.2 billion in expenses for litigation and regulatory investigations last year including fines and settlements, according to a company filing on...
