Monthly Archives: May 2021

EFFCC and Commercial Bank Officials Meet to Fight Fraud, Money Laundering and Terrorist Financing in Sokoto

According to the Economic and Financial Crimes Commission, the commission seeks effective and solid collaboration with financial institutions to reduce illicit financial transactions, money laundering, terrorist financing and fraudulent activities. That’s what Bawa Kaltingo, the zone manager in charge of the Sokoto zone office, said in an interactive session with …

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Cryptocurrency custody gives commercial banks a foothold in the market

Custody isn’t the most compelling corner of the crypto ecosystem, but 21st century solutions for the storage and custody of digital assets are essential if cryptocurrencies are to be adopted at scale. For this reason, the recent announcement by Cowen Inc. that the 103-year-old U.S. investment bank wants to hold …

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Non-resident deposits in commercial banks exceed overall deposit growth in March: QCB

Qatar’s banking system saw non-resident deposits surpass overall deposit growth in March, indicating foreign investors’ “optimistic” perceptions of the country’s financial system.Public sector deposits from commercial banks were seen in a weakening mode; while those in the private sector increased during the review period, according to central bank data.Total commercial …

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Bank of Ghana orders commercial banks to implement GIPC TTA for transactions

Headquarters of the Bank of Ghana • The central bank asked banks to implement GIPC TTA for transactions • The decision comes at a time when some banks are currently under investigation for money transfer violation. • Banks or people who flout the directive will be penalized The Bank of …

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Commercial banks might not dodge CBDC disruptions

While carefully avoiding anticipating the findings of his new central bank digital currency task force, Sir Jon Cunliffe, Deputy Governor, Financial Stability, Bank of England, declined to worry about the disruption. potential that the introduction of the CBDC could cause to UK businesses. banks. “They have already had to reinvent …

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Cameroonian banks represented 45% of the total 2012-2020 balance sheet of CEMAC commercial banks (BEAC data)

(Business in Cameroon) – Between 2012 and the end of 2020, the balance sheet total of commercial banks operating in the CEMAC region increased by CFAF 4,795 billion, according to a detailed analysis of monetary statistics recently published by the central bank BEAC. This increase is due to a 6.2-fold …

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