THE globe

MADISON, Wis.­–Credit union leaders who want to become “future ready” need to focus on generational equity, according to one person.

DUBLIN, Ireland–Ireland’s credit unions are accusing their regulator, the Central Bank, of imposing “excessive and unjustified” regulations.

MADISON, Wis.–The World Council of Credit Unions has announced a number of board changes, while its incoming CEO also addressed the organization for the first time.

CRANBROOK, B.C.–A proposed merger among six credit unions in southeast British Columbia that would have created a $3-billion institution to be called The Elevatus Credit Union has been cancelled due to increasing costs.

LONDON – Nearly four fifths (78%) of compliance professionals across the U.K.’s regulated industries predict more anti-money laundering (AML) regulation is on the way as a result of the U.K.’s exit from the European Union, according to new research released by LexisNexis Risk Solutions.

SINGAPORE—Real-time payments are now as popular as cash as a payment method for consumers in Southeast Asia, according to new research from ACI Worldwide and YouGov.

BRUSSELS, Belgium—The European Commission is seeking to create a new Anti-Money Laundering Authority (AMLA).

SYDNEY, Australia—The Australian Transaction Reports and Analysis Centre (AUSTRAC) has recommended lenders restrict the use of cash to repay loans and also limit the use of offsets and redraws as part of a money laundering risk mitigation strategy.

MEXICO CITY—Mexicans working abroad sent $4.51 billion home in May, a 31% increase compared to the same month of 2020, central bank data show.

BASSETERRE, St. Kitts & Nevis–The Eastern Caribbean Central Bank (ECCB) has partnered with several credit unions, banks, and businesses to provide a new payment option for countries in the Eastern Caribbean Currency Union (ECCU).