US shell-company registry might not halt dirty money, experts warn

Observers raise questions over verifying beneficial owner info on proposed FinCEN database


A key plank of US anti-money laundering law, which calls for the US Treasury’s financial intelligence unit to set up a centralised registry of corporations, may have limited effectiveness in combatting financial crime, banking experts say.

The registry is part of the US government’s recent push to overhaul its rules on money laundering, amid widespread acceptance that the country’s financial crime laws lag other countries, especially in collecting beneficial ownership data.

While a registry

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Calibrating interest rate curves for a new era

Dmitry Pugachevsky, director of research at Quantifi, explores why building an accurate and robust interest rate curve has considerable implications for a broad range of financial operations – from setting benchmark rates to managing risk – and hinges on…

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