Skip to main content
Google Tag Manager
Sign up to emails
Request a trial
Basel Committee Issues New AML Guidelines
12th Jun 2017 | Written by:
The influential Basel Committee on Banking Supervision has issued new guidelines to financial institutions on improving their anti-money laundering (AML) and counter-terrorist financing (CTF)...
Weekly News In Brief: June 9, 2017
9th Jun 2017 | Written by:
The Bank of Israel attempts to tighten security of the country's payment card market; Dodd-Frank Act reforms pass the U.S. House of Representatives; the FSB examines fintech, virtual currencies and...
FSB Regional Consultative Group for the Americas Discusses Regional Issues on Correspondent Banking and Fintech
9th Jun 2017 | Written by:
In late May 2017, the Financial Stability Board (FSB) Regional Consultative Group for the Americas held a discussion on its approach to correspondent banking and fintech. The key aspects of such...
Remittance Giants Speak Out On De-Risking
7th Jun 2017 | Written by:
Banks that refuse to do business with the cross-border remittance sector are opening themselves up to greater risk, according to the head of one of the world’s top money transfer firms.
EU Watchdogs Consult On AML Risk To Firms Operating In Third Country
2nd Jun 2017 | Written by:
The European financial authorities have outlined how EU institutions should apply anti-money laundering (AML) policies and procedures to branches located in countries outside the bloc when a third...
Cayman Islands Releases Enhanced AML Strategy
1st Jun 2017 | Written by:
The government of the Cayman Islands has released an anti-money laundering (AML) and counter-terrorist financing (CTF) strategy paper, planning changes to regulation over the next four years.
De-Risking Discouraged Amid UK Money Laundering Shake-Up
25th May 2017 | Written by:
Termination of corresponding banking relationships will not be enough to satisfy UK regulators once current anti-money laundering reforms are complete, legal experts have said.
Firms Look To Regtech To Counter Legal Onslaught
22nd May 2017 | Written by:
The financial sector is rapidly turning to regtech as a way of managing a steadily increasing compliance burden, a new survey has found.
US: CSBS Issues Vision 2020 for Fintech and Non-Bank Regulation
12th May 2017 | Written by:
On May 10, 2017 the Conference of State Bank Supervisors (CSBS) Board of Directors announced Vision 2020, a series of initiatives to modernize state regulation of non-banks, including financial...
U.S. States Rival Federal Authorities With Ambitious Fintech Reforms
11th May 2017 | Written by:
An influential group of state financial regulators has announced plans to integrate the fintech licensing and supervisory system across all U.S. states, upping the stakes in their rivalry with...
Correspondent Banking Plummets As De-Risking Takes Hold
10th May 2017 | Written by:
The number of correspondent banking relationships worldwide has plummeted by 25 percent since 2009, with researchers blaming the decline on banks de-risking due to regulatory concerns.
Weekly News In Brief: May 5, 2017
5th May 2017 | Written by:
Denmark agrees last-minute deal with Europol to enable ongoing cooperation; the UK's competition regulator launches a phase two investigation into ATM merger; two reports find an increase in...
Banks Blame De-Risking On Regulatory Failings, Not Criminal Activity
27th Apr 2017 | Written by:
Banking industry insiders have suggested de-risking does not necessarily stop illicit funds from passing through the financial system, instead labelling the practice a by-product of ineffective...
Report Calls For Clarity On Risk-Based AML
18th Apr 2017 | Written by:
Authorities must improve their supervision of banks’ approach to anti-money laundering (AML) rules or face the collapse of remittance channels due to de-risking, a report claims.
Remittance Firms Seek Global Standards In De-Risking Fight
10th Apr 2017 | Written by:
A global trade body for remittance businesses is in discussions with authorities about creating an industry standard and certification process for fund transfer companies threatened by de-risking.
PSR ‘Cannot Tackle Account Access Problems Alone’
30th Mar 2017 | Written by:
The UK’s Payment Systems Regulator (PSR) has promised a revolutionary year for easing access to interbank payment systems, although acknowledged growing industry frustration over difficulties...
Meet the team
Sign up to emails
Terms and Conditions
St Clare House, 30 Minories
+44(0)207 921 9980
United States Of America
1725 I Street NW, Suite 300
+1 202 261 3567