The ugly truth about compliance and…..what to do about it
December 1, 2017
This article 7 ugly truths for compliance officers is not new but the observations still hold. Compliance is not a favorite topic for many in financial institutions and it’s still extremely hard ‘to…
Q3 Trend Letter
September 29, 2017
We are pleased share with you the third i-KYC Trend Letter for 2017. In this quarter’s publication, we bring the following Financial Economic Crime insights and developments to your attention. Will…
RegTech in Asia Pacific
September 27, 2017
RegTech is a buzzword that’s used more and more often. Essentially it is a field in which technology companies, (financial) institutions and regulators cooperate to use technology – think big data,…
The Far-reaching Impact of Corruption
September 26, 2017
The first-ever household survey on bribery in Nigeria, launched recently in Abuja, revealed the scope and impact of bribery on citizens when in contact with public officials. Conducted by UNODC and…
Trade Based Money Laundering Update: A Solution is in the Air.
September 26, 2017
Over the years, banks have become more savvy about detecting and preventing money laundering and terrorism financing. Better education and awareness, policies and technology have successfully closed…
MiFID II and Investor Protection
September 26, 2017
Since the 2008 financial crisis, equity markets around the globe have recovered impressively and are hitting new records. What has not recovered in the past decade however, was the trust of the…
How to achieve operational compliance and reduce your cost of compliance – continued
September 26, 2017
In one of our previous articles we ended with a plea for a more fundamental approach to look at the operational compliance processes in the 1st line of defense itself. Even big international…
Unscrambling MiFID II
August 17, 2017
The Markets in Financial Instruments Directive (“MiFID”) consists of a framework of EU legislation that regulates financial institutions. Banks, brokers and asset managers who provide investment…
2017 Q2 i-KYC Trend Letter
July 3, 2017
Welcome to this second i-KYC Quarterly Trend Letter for 2017. From the many interesting developments over the last couple of months we cherry picked a couple to bring to your attention. Read on!…
Subsidiary Governance
June 22, 2017
As many banks and other companies have painfully experienced over the years, exercising due oversight and control over subsidiary companies can be difficult. Firms with foreign subsidiaries face…