Financial regulators in eight Nordic and Baltic countries have agreed to share more information about money-laundering threats in an effort to fight financial crimes. The measures by Nordic and Baltic regulators comes as banks in the region face questions about safeguards for spotting financial crimes. The move is the latest joint effort by financial regulators and banks across the globe to improve their anti-money-laundering compliance. No details were provided about the type of information regulators plan to share, or the timing of the formal agreement. The effort to include Baltic regulators highlights concerns about transactions with links to Russia, she said.

Source: Wall Street Journal May 14, 2019 22:51 UTC