THE globe

CU News From Around the Planet


ABU DHABI, United Arab Emirates—All financial institutions in this country must now report any suspicious transactions through “goAML” a newly United Nations-developed anti-money laundering platform, the Central Bank of the UAE announced.

BASEL, Switzerland–The Basel Committee has revised the leverage ratio treatment of client cleared derivatives to generally align it with the standardized approach measuring counterparty credit risk exposures (SA-CCR) as used for risk-based capital requirements, according to the World Council of Credit Unions, which supported the move.