Money in the bank articles
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Dutch banks need better money laundering checks and more vigilence says central bank
Banks are increasingly carrying out checks to verify that their customers are not laundering money, financing terrorism or violating sanctions, De Nederlandsche Bank (DNB) said on Monday. At the same time, the Dutch central bank noted that some banks are delaying or scaling back improvements to their controls and checks. As a result, they have to do more to get their controls in order.
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Japan Post Bank system glitch delays 1.2 million money transfers
Japan Post Bank Co said Tuesday that a nationwide system failure has caused delays in receiving nearly 1.2 million money transfers from other banks. The bank said the system failure began at 8:40 a.m. and was resolved by 10:07 p.m. It said there is no evidence indicating a cyberattack. The
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Why Bank Chairman Paul Pester Decided To Establish a Money-Sharing App: The Story of Loop
Paul Pester founded Loop to give friends and family a way of sharing money and avoiding overdraft and other banking fees.