EMEA

FATF Demotes UAE to Money Laundering ‘Gray List’

FATF Demotes UAE to Money Laundering ‘Gray List’
FATF Demotes UAE to Money Laundering ‘Gray List’
March 04, 2022  |  AML

The Financial Action Task Force, an intergovernmental agency that fights against money laundering, will soon put the United Arab Emirates on its so-called “gray list”...

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Sary Expands to Africa With Acquisition of Egyptian B2B Platform Mowarrid
Sary Expands to Africa With Acquisition of Egyptian B2B Platform Mowarrid
March 04, 2022  |  B2B Payments

Sary, the business-to-business (B2B) eCommerce marketplace based in the Middle East and North Africa, announced it has acquired Mowarrid, a B2B food and grocery marketplace...

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Ukraine Receives $20M From Bitcoin, Ethereum Donors
Ukraine Receives $20M From Bitcoin, Ethereum Donors
March 04, 2022  |  Cryptocurrency

Ukraine’s government has received $20 million in donations in bitcoin and ethereum in the wake of Russia’s invasion of the country. Get the Full Story...

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Russia Offers Fast Bankruptcies to Firms Leaving Country
Russia Offers Fast Bankruptcies to Firms Leaving Country
March 04, 2022  |  International

Foreign businesses that want to get out of Russia can either receive fast-track bankruptcy protection or turn their operations over to local managers, the country’s...

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Pyypl CEO Makes Case for Blockchain When Sending Cross-Border Payments
Pyypl CEO Makes Case for Blockchain When Sending Cross-Border Payments
March 04, 2022  |  Blockchain

Millions remain excluded from mainstream formal financial markets in emerging and developing markets, but the rapid rise in internet and smartphone adoption in the last...

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EMEA Daily: Russian Companies Scramble to Open Chinese Bank Accounts; Report: VTB Could Close in Europe Within Days
EMEA Daily: Russian Companies Scramble to Open Chinese Bank Accounts; Report: VTB Could Close in...
March 03, 2022  |  International

In today’s top Europe, Middle East and Africa news, as the hammer comes down on Russians banking in the West, companies are scrambling to open...

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Brands Expect Hit to Bottom Lines as They Respond to Ukraine Invasion
Brands Expect Hit to Bottom Lines as They Respond to Ukraine Invasion
March 03, 2022  |  Retail

Just as the omicron variant of the coronavirus was starting to ease — and supply chain woes with it — Russia invaded Ukraine, triggering new...

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Today in Food Commerce: Amazon Turns Focus to Grocery; F&B Businesses Remove Russian Brands
Today in Food Commerce: Amazon Turns Focus to Grocery; F&B Businesses Remove Russian Brands
March 03, 2022  |  Commerce

Today in food commerce, restaurants and grocers respond to Russia, and Kroger looks to personalized rewards to maintain customer loyalty in the face of pricing...

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Report: EU Considers SWIFT Ban for Belarus Banks
Report: EU Considers SWIFT Ban for Belarus Banks
March 03, 2022  |  International

Days after several Russian banks were reportedly barred from SWIFT, the international messaging system used to process payments, the European Union is considering adding banks...

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