December 28, 2021
Ruminations on RegTech and Data Quality
First there is the issue of data quality or better of poor data quality. The more automation a financial institution wants to implement and the more artificial intelligence a bank…
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September 29, 2021
Why good organisations sometimes do bad things
The problem with a rules- and controls-based approach to compliance is that it does not provide very effective guidance when dealing with ethical situations such as is the case…
0 Comments9 Minutes
September 29, 2021
Understanding FEC risks when working from home
We like to take a pragmatic and hands-on approach in our work with FIs on the topic of FEC prevention. It’s important to have regulations, policies and control measures in place…
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September 29, 2021
The crucial role of a business-wide risk assessment
Even though the business-wide and customer risk assessments are different and separate processes, they are interdependent. This means you need to know how to use them and how they…
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March 25, 2021
2021 Q1 Trend Letter
Following the 2008 financial crisis regulators and the industry resolved to improve their control of the OTC derivatives markets and a raft of regulations ensued.
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March 24, 2021
The AML system is broken
The AML system is broken. The money spent by banks exceed recovered funds many times over and the persistent lack of results continues to disappoint. Here are a couple of…
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March 24, 2021
Of course they knew
In just a year and a half, 65.7 million euros and over $1 billion passed through the accounts of just one (1) client, an average of around $2.5 million for every working day.
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March 24, 2021
EMIR, where do we go from here?
EMIR is the EU regulation to reduce the systemic risk of OTC derivatives by setting guidelines for reporting to the regulators, making clearing mandatory for a large proportion of…
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December 21, 2020
Crypto and traditional financial institutions
Last week, the French Ministry of Finance announced new (and strict) KYC regulations on cryptocurrency companies to end the still existing anonymity.
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December 21, 2020
Data Quality in KYC/AML
In order to improve an organization’s ability to produce good quality data the ECB report states that it is important to have a program on data governance.
0 Comments7 Minutes