Banking

First Abu Dhabi Bank has announced an AED 100 billion blue finance target covering the period from 2026 to 2035, positioning the FAB blue finance target as a dedicated commitment toward water-related financing and blue economy projects. Alongside this...

WaFd and EverBank Financial Corp have entered into a definitive agreement for a $3.9 billion reverse merger, a transaction that would create a larger nationwide banking organization with a diversified deposit base and more than 250 financial centers. The...

China's finance ministry will inject a combined $54 billion into state-owned banks and insurers, the institutions confirmed on Sunday, marking a coordinated effort by Beijing to strengthen capital across its financial system. The programme, which extends a financing tool...

The European Union’s new anti money laundering framework is putting greater emphasis on consistency in how breaches are identified, assessed and sanctioned. As the Authority for Anti Money Laundering and Countering the Financing of Terrorism takes on a stronger...

The European Union's new anti money laundering framework is moving from legislative design toward detailed implementation, with technical standards becoming an important part of how firms will interpret and apply the new requirements. Regulation (EU) 2024/1624 establishes the core...

Financial crime increasingly crosses institutional and jurisdictional boundaries, making the speed, consistency and quality of information exchange more important to anti money laundering efforts. A single transaction can involve multiple financial institutions, payment channels and jurisdictions, while each organisation...

The European Union’s new anti money laundering framework is placing greater emphasis on how financial groups organise and apply compliance controls across different entities and jurisdictions. Rather than relying on separate approaches at subsidiary level, the framework establishes stronger...