Anti-money laundering
'Big five' retain the consultancy crown
The usual suspects appear at the top of OR&C 's survey of consulting firms, but not without having their heels nipped at by the increasingly advancing competition
Patriot Act due diligence rules finalised
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FinCEN releases new BSA/AML manual
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AML programme expenditure skyrocketing
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UK Government toughens money-laundering regulations
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US regulators issue joint statement on AML requirements for the BSA
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FATF out with new AML guidance
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No real cost savings from new AML guidelines, says PwC survey
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In the line of fire
In the global fight against money laundering, financial institutions are developing various hi-tech weapons. Peter Madigan reports
Banks Face Increasing Pressure from the FSA over anti-fraud policies
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IIF outlines major global risks in financial system
IIF points out possible pitfalls of massive liquidity and globalisation
Under a broad umbrella
Integration, consolidation and convergence were the key words from the top ranking companies in this year's compliance software survey. But as Peter Madigan reports, aiming for a fully comprehensive suite in a constantly changing regulatory world may be…
Tata launches unit covering AML
Indian giant launches AML service
Australia releases risk criteria
Australia unveils more AML compliance information
Fighting off the AML bug
Banks that create a positive compliance culture make a vital ally to law enforcement in the fight against money laundering. Nick Kochan reports
Legal eagles
Clifford Chance has been ranked number one in the first annual OpRisk & Compliance survey of law firms engaged in risk and compliance activities for financial services firms. But as the results attest, risk and compliance is a hot area for global law…
The payment services solution
Will the global money transfer industry suffer collateral damage in the war against money laundering? Lady Olga Maitland of the International Association of Money Transfer Networks investigates
Lebanon & Gulf Bank opts for Misys for Basel II compliance, asset liability management and AML
Lebanon & Gulf Bank selects Misys Almonde to comply with Basel II regulatory requirements and fulfil its Asset Liability Management requirements.
Keeping an eye on complacency
When it comes to AML initiatives, companies are displaying a worrying disregard for the perils of this criminal threat, despite recognising it as such. By Ellen Davis
Thinking hard about AML software
Five years after 9/11, banks are stepping back and taking a more studied approach to anti-money laundering. Dianne See Morrison reports
We have the technology (but not the returns)
A recent survey by OR&C and Norkom has found that while AML and anti-fraud software is being implemented more widely, firms face challenges in extracting value from their systems. Ellen Davis reports
Bonds and... bondage
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…
US regulators tackle unintended consequences of BSA enforcement
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.
The Carrots and Sticks of Compliance
Compliance on the buy side might reward the early adopters while penalizing firms that fall afoul of industry best practices and institutional investors' expectations.