MEXICO CITY—Mexican financial regulators have frozen the bank accounts of 1,939 people and companies believed to be linked to movements of about $1.1 billion in Jalisco drug cartel money, the Associated Press reported.
THE globe
CU News From Around the Planet
MADISON, Wis.–The Worldwide Foundation for Credit Unions has assembled and released a global compilation in the form of an infographic showing how credit unions are helping their communities overcome the effects of COVID-19.
WASHINGTON—The World Council of Credit Unions said it has joined with the European Network of Credit Unions (ENCU) and the European Union Credit Union Parliamentary Interest Group (EUCUPIG) in sending two separate letters calling for regulatory relief to allow credit unions in the European Union (EU) to play a critical role in the response to the COVID-19 pandemic.
DUBLIN, Ireland–Credit unions in this country have seen a surge of members opening “current accounts,” with the pandemic helping to boost the numbers and especially contactless payments, according to a new report.
ABBOTSFORD, B.C.–More than 100 employees have been laid off by Prospera Credit Union here, just a few months after its historic merger with Westminster Savings Credit Union in January.
MADISON, Wis.–The World Council of Credit Unions’ Global Women’s Leadership Network (GWLN) said it has awarded four scholarships to industry women to join the Network and to provide opportunities for professional development, networking and skill diversification.
MADISON, Wis.–Saying it is seeking to assist credit unions worldwide with advocacy with their national level regulators, the World Council of Credit Unions has made available its “Advocacy Insights: Advancing the Credit Union Cause During a Global Pandemic.”
MADISON, Wis.–During a webinar hosted by the World Council of Credit Unions it was confirmed the world is indeed in a global recession, with the only good news being there will be a recovery—but not until 2021 at the earliest.
PARIS—Despite decades of action, the world is struggling to make gains in the war against money laundering, according to the head of the agency responsible for setting global anti-money laundering standards.
TORONTO–Credit unions in three Canadian provinces are joining with IBM Canada in a more than $100-million deal for a new payments system designed to meet the growing demand for digital payments.