All posts tagged "Correspondent Banking"
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398AML / KYCECB Analyses Options for Enhancing Cross-Border Payments
Bitcoin and stablecoins are "unlikely" to be the "holy grail" of cross-border payments. Interlinked domestic payment systems and interoperable CBDCs show the most promise.
August 5, 2022 -
369FeatureCPMI Offers Global Framework for Interlinking Payment Systems
The growing use of APIs and the adoption of ISO 20022 have opened up new possibilities for facilitating payment system interlinking, CPMI says.
July 12, 2022 -
422AML / KYCFATF Re-rates UK for Progress on Correspondent Banking
The FATF also commends the UK for progress made to expand its FIU's ability to conduct operational analysis.
June 15, 2022 -
773Big PictureWorld Bank Paper Explores Barriers to Stablecoin, CBDC Adoption
Stablecoins and CBDCs may not offer advantages over innovations that are built on top of or aim to improve existing financial plumbing.
May 28, 2022 -
474Fintech / RegtechBSP to Initiate Pilot Project to Test CBDC Use Cases
The BSP is looking to explore the use of CBDC in account-based distribution of cash assistance, as well as in cross-border money transfers.
March 16, 2022 -
710AML / KYCFCA Fines HSBC Over ‘Prolonged’ AML Deficiencies
Three key parts of HSBC’s automated transaction monitoring systems showed "serious weaknesses" between March 2010 to March 2018.
December 20, 2021 -
430AML / KYCIMF, WB Propose Framework for Assessing Remittance Corridor Risk
Corridor risk assessments will help to simplify AML/CFT and CDD measures in lower-risk remittance transactions.
December 15, 2021 -
430Big PictureBIS Calls for Interoperability in Global Payment Systems
Failure to achieve interoperability between payment systems has material costs and risks fragmenting the global financial system.
December 14, 2021 -
295International
CPMI to Define Service Level Template for Cross-border Payments
Agreed service levels will establish consistency and certainty for all cross-border payment stakeholders based on a common framework, CPMI says.
December 13, 2021 -
2.4KAML / KYCThe Rising Standards of AML/CFT Compliance in Hong Kong
Mayer Brown's Susanne Harris, Wei Na Sim, Alan Linning and Charlene Wong discuss key developments in the AML/CFT space in Hong Kong in 2021.
November 23, 2021
