Money laundering
BIS issues "problem bank structure" rules
The Bank for International Settlements (BIS) issued two papers near the end of January aimed at curbing money laundering and fraud by clamping down on problematic banking structures.
Basel moves on disclosure
The Basel Committee on Banking Supervision recently announced two significant revisions to its new capital adequacy framework (new Basel Capital Accord or Basel II), which are set to have positive and far-reaching implications for the global banking…