💰SWF – Sovereign Wealth Fund
Federal Reserve Orders ICBC to Tighten AML Policies
On March 12, 2018, the U.S. Federal Reserve issued an enforcement action that the Industrial and Commercial Bank of China Limited (ICBC) is not doing enough regarding anti-money laundering (AML) protections and ordered the Chinese bank to toughen its checks on illicit funds.
SWFI – Sovereign Wealth Fund Institute
https://www.swfinstitute.org/swf-news/federal-reserve-orders-icbc-to-tighten-aml-policies/