The 3LoD model and its proposed successor, the Three Lines Model, need to account for social and behavioural drivers of misconduct to achieve their potential.
Though prompted by Brexit, the proposed review of the AIFMD legislation will also have implications for buy-side firms operating in Asia, says industry veteran Tony Freeman.
HSBC Singapore’s Jamil Ahmed calls for continued vigilance, the use of technology, and participation in public-private partnerships to mitigate trade-based money laundering risks.
Adverse media is openly available, continually updated, and provides a wealth of information, but it remains underused in financial crime risk assessments, writes Daniel Banes.
BCBS 239 implementation progress has veered off course at some banks as a result of the Covid-19 crisis, prompting a need for reassessment, says John Berven at Solidatus.
Industry veteran Jamie Lloyd Evans discusses Basel III in light of concerns regarding capital adequacy and bank lending, and offers some thoughts on potential design improvements to the capital framework.
Nomura Research Institute’s Ryoji Kashiwagi discusses competition concerns raised by Japan’s Fair Trade Commission, and their implications for the country’s payments landscape.
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