Bloomberg Mongolia has been included on a list of countries monitored by an international agency that polices anti-money laundering activities and terrorism financing. Joining Mongolia as additions on the Financial Action Task Force’s watch list were Iceland and Zimbabwe, according to a FATF statement released by email from Paris. “Each jurisdiction has developed an action plan with the FATF to ...

Bloomberg Developing some form of synthetic central bank digital currency is “worth looking at,” according to Bank of England (BOE) deputy governor Dave Ramsden. The UK central bank is “very focussed” on what should be done to provide public infrastructure to encourage private innovation, said Ramsden, who oversees payments and fintech. Creating a digital currency with other central banks is ...

Abu Dhabi / WAM The oldest known natural pearl in the world has been discovered by Department of Culture and Tourism – Abu Dhabi archaeologists working at a Neolithic site on Marawah Island, just off the coast of Abu Dhabi. Dubbed the ‘Abu Dhabi Pearl’, it was found in layers that have been radiocarbon dated to 5,800-5,600 BCE, during the ...