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Anti-money laundering (AML) - as well as KYC - is something which every company serious about payments has to deal with. AML requirements are pushed by the industry regulators (who are not always in ...
Following agreement by member states the President of the European Union has announced that the proposals for the Markets in Financial Instruments Directive (MiFID) and Regulation (MiFIR) will now mov...
The U.S. Commodity Futures Trading Commission (CFTC) has issued an Amended Order expanding, through mutual acceptance by international regulators, the list of Legal Entity Identifiers (LEIs) that can ...
Highlighted in a recent article, Bank economists warn of disruptive threat from mobile and crowd funding, the financial industry is facing a dramatic transformation due to an increase of online and m...
Most women like saving a bit of money for a rainy day for themselves and their family. Unlike men who more often than not have to learn to appreciate the concept of saving money, women have been ingra...
The Institute of Chartered Secretaries and Administrators (ICSA) published a guidance note designed to help boards to understand the risks associated with cybercrime as managing cyber risk is a busine...
The European Commission has published a document containing frequently asked questions (FAQs) following requests for clarifications about the data templates that accompanied its May 2013 consultation ...
Imagine a VC meeting to pitch an idea in the 90s. The pitch is that from a phone you will send short messages, limited to 160 characters, it will be the world’s most dominant communication medium, a m...
A new compliance challenge or a hidden opportunity? UK senior bank employees at risk of jail sentences for banking negligence and failures dominated the headlines out of the Report of the Parliamentar...
Let AML monitoring find the FATCA needles in your haystack FATCA and the Model IGAs define certain thresholds that determine the relevance of new accounts and the level (and timing) of scrutiny requir...
Many companies, not just within the financial sector, have been looking recently to sell off anonymised data about its customers. Putting aside consumer concerns over privacy, are those organizations ...
When sales are waning, when your marketing department seems at wit’s end with regard to reversing the downward spiraling sales and when you are seeing a cash flow crisis looming on the horizon, you st...