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Money laundering in APAC is a continued problem, largely as a result of organised criminal activity, such as drug manufacturing, prostitution and trafficking. Until recently, controls and legal provis...
I have been breaking my head on what kind of new bank I would invest in (supposing I have the money for it of course). I have read about several business plans already, however if I invest in a bank i...
I should have known - it is not possible to realize how good something can be before you get to use it. It is not quite possible either to see the next steps before you take the previous. Even if a go...
According to McKinsey: many cost-reduction programs are "illusory, short lived, and at times damaging to long-term value creation". Their research concludes that only 10% of cost reduction ...
Very funny, you have to admire their cheek. Do you think after the 4th visit he asked for a freebie?
As the Summer sings its siren song, our thoughts at Finextra HQ inevitably flow to Sibos (this year in Amsterdam!). While I'm anticipating my first Sibos where I'm not overwhelmingly jet lagged for th...
New regulation continues to be a top priority for banks with the regulators both here and in the US placing increasing scrutiny on bank’s risk management policies in an effort to avoid another financi...
Apologies to Shakespeare for the modified Romeo and Juliet reference, but the question is valid - what is in the 'name' of a customer these days? I’m on Twitter, I’m on Facebook, I have various other ...
Traveling for business or pleasure is hectic, unnerving, not at all glamorous and often draining. Often, we say we need a vacation after a vacation. And when traveling, the last thing you need is to b...
To date, most large fines for AML or sanctions violations have been accompanied by a juicy real story of Mexican drug traffickers, Russian mobsters, crooked politicians, terrorist supporters or rogue ...
There is no doubt that regulation has been a hot topic across the financial services sector ever since the downturn. This year the FSA has raised the bar even higher for investment managers in the ret...
Average daily FX volumes are expected to rise from US$2.9 trillion in early 2009 to US$4 trillion this year, according to analyst house, Celent. With this increase we can also expect a significant inc...