Banking & Finance

Banks, financial services, lending, and fintech developments

Showing 769–780 of 836 articles
Regulatory & Legal
Insurance Companies Required to Track Sources of Wealth

Insurance Companies Required to Track Sources of Wealth

Politicians under the microscope, life insurance a high-risk product, 2 million centimes fine for non-disclosure of suspicion, ban on fictitious accounts, cutting ties and notification of suspicious cases. Insurance companies will be required, like banks, to identify the source of clients' funds in certain cases, with a strict regulatory framework applied to life insurance due to its high risk of money laundering, according to a new risk guide issued by the National Insurance Council in December. The guide puts politicians, along with their family members and close associates, in the high-risk category of clients, requiring enhanced and vigilant measures with prior approval from the regulatory body.

Dec 27, 2025echoroukonline.com
Other
Silver Prices Surge to Record Highs Amid Geopolitical Tensions

Silver Prices Surge to Record Highs Amid Geopolitical Tensions

Silver prices surged to record highs yesterday, in tandem with a strong rise in gold prices in both spot and futures markets. According to available data from global trading platforms, silver prices reached a record high of $75 per ounce for the first time in history, as precious metals as a whole reached new record highs at the end of the year, driven by economic and political instability in several regions of the world, as well as expectations of a cut in US interest rates. See the full content on Al-Shorouk Online

Dec 27, 2025echoroukonline.com
Economic Policy
Uruguay Confronts the Dollar: A New Monetary Policy to Support the Local Currency

Uruguay Confronts the Dollar: A New Monetary Policy to Support the Local Currency

In a country where citizens traditionally keep their savings in US dollars, buy their homes and cars with them, Uruguay has decided to swim against the tide. The country in southern Latin America has started a clear path to reduce its reliance on the US dollar, a move that reflects not only internal calculations but also broader changes in the global monetary system. Central Bank of Uruguay President Guillermo Tolosa is leading a campaign to revive the local currency, the

Dec 27, 2025echoroukonline.com