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Ethiopia's demonetisation mixes politics and economics

Location:

ETHIOPIA

The move comes after the government prohibited individuals and organisations from holding cash over ETB1.5mn (around USD41,000) and a cap on daily cash withdrawals for individuals…

Gridlock is likely as Australian minor parties rise

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AUSTRALIA

Surveys show Australians are increasingly disenchanted with their major political parties. Despite some policy successes, the governing Liberal Party continues to trail well…

Greylisting underscores South Africa reform imperative

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SOUTH AFRICA

Some deficiencies were detailed in a 2021 FATF report and in October 2021 the country was given 18 months to remedy them or face greylisting. Greylisted states face tougher due…

Fintechs set for substantial growth in Latin America

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LATIN AMERICA

Fintech growth.

El Salvador bitcoin experiment comes with risks

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EL SALVADOR

The government hopes to encourage the cryptocurrency’s use for domestic and international transactions, with the aim of boosting financial inclusion. However, it has been…

Japan’s banking sector faces pressure to consolidate

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JAPAN

In response, parliament passed a law in May 2020 (effective November) to promote integration and mergers among regional banks by granting exceptions from the anti-monopoly law.

South African lockdown easing will only do so much

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SOUTH AFRICA

President Cyril Ramaphosa, who had been under escalating pressure from business and organised labour to reopen the economy fully, justified the relaxation by citing reductions in…

Panama faces FATF greylisting

Location:

PANAMA

The move comes despite the passing of a long-delayed legislative proposal by Panama’s National Assembly on January 31 to make tax evasion a criminal (rather than administrative…