Anti-money laundering (aml)
The computational requirements of Solvency II are driving the need for more computing power and data storage accessible on a scalable basis. Early adopters are leveraging cloud computing for their Solvency II implementation. Others are taking a more cautious approach, waiting for the industry to address key concerns such as security before they to embrace computing.
More Anti-money laundering (aml) articles
Barclays and Mega International censured for breeches of rules governing anti-money laundering in Australia
Regulator could impose tougher penalties for failures
BASEL - The Basel Committee on Banking Supervision has published supervisory guidance on cover payment messages for cross-border wire transactions, in support of anti-money laundering (AML) and counter-terrorist financing efforts. The Basel Committee...
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.