When I lived in New York City – for most of my 20s – I remember a Thai dinner with a university friend who moaned about the demise of her most recent relationship. Her complaint, oddly enough, was not that her boyfriend had cheated on her. She was...
At a recent anti-money laundering (AML) conference in New York, US financial regulators conceded the enforcement of the Bank Secrecy Act (BSA) has produced negative, unintended consequences in the financial industry.
Compliance on the buy side might reward the early adopters while penalizing firms that fall afoul of industry best practices and institutional investors' expectations.
The UK’s Financial Services Authority is targeting banks that are lagging on their anti-money laundering efforts.
The Financial Action Task Force (FATF), an international anti-money laundering body, is preparing to publish a document designed to help regulators and supervisors implement the organisation’s 40 Recommendations for anti-money laundering (AML) and Eight...
Spending on operational risk management software looks set to grow in 2004 compared with last year, but will not reach its peak for another year or two.
In this article on anti-money laundering, Dominic Nixon and Rohan Bedi of PricewaterhouseCoopers analyse the final changes to the Financial Action Task Force (FATF) 40 recommendations.
In a move to wean itself away from dependence on its clearing firm's services, the online broker deploys an in-house AML solution.
The Basel Committee on Banking Supervision has published a consultative paper designed to provide banks with guidance and best practices on "know your customer" (KYC) risks.
In this article on anti-money laundering, Dominic Nixon and Rohan Bedi from PricewaterhouseCoopers analyse the changes to the Financial Action Task Force recommendations, and how they will affect Asia's financial institutions.
"We've got to an environment were there are enough scorecards and metrics in place," says Angus Grandfield, head of operational risk for the treasury services division of JP Morgan Chase's Europe, Middle East, and Africa region.
One month after the attacks on Sept. 11, Congress passed the USA Patriot Act. Now every financial firm in the country is a deputy in the search for terrorist funding.