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How COVID reshaped AML and CTF risks
The COVID-19 pandemic was a defining moment for global financial systems, exposing deep vulnerabilities in the fight against money laundering and terrorism financing. As...
BIS Innovation Hub unveils new CBDC prototype
The Bank of International Settlements (BIS) Innovation Hub’s Swiss Centre has launched a new project as a prototype CBDC.
New York Fed, MAS link to explore wCBDCs for cross-border payments
The Federal Reserve Bank of New York and the Monetary Authority of Singapore (MAS) have linked to explore the use of wholesale CBDCs for cross-border payments.
CBDCs could be the ‘holy grail’ of cross-border payments, claims ECB
A new paper by the European Central Bank (ECB) has said CBDCs could be the answer to a ‘thousand-year search for the holy grail of cross-border payments’.
