Banks should use a risk-based approach when managing customer risk, and not decline to provide banking services to entire categories of customers.
July 10, 2022The government plans to establish a licensing regime for crypto exchanges, a custody regime for digital assets, and explore the feasibility of a CBDC.
December 14, 2021The FATF has published summary results from a stocktake to understand the unintended consequences that are occurring as a result of AML/CFT standards.
October 29, 2021CPMI annual work programme highlights cross-border payments, stablecoins, CBDCs, central clearing and FMI risks as key priorities.
August 6, 2021The RBNZ and RBA are working with Pacific Island nations to develop a regional KYC facility, to support businesses in meeting their compliance obligations.
May 3, 2021The project will study issues such as de-risking, financial exclusion, the suppression of the NPO sector and threats to fundamental human rights.
March 18, 2021While long-term deleveraging and de-risking remain in place, China's authorities are likely to rely to a greater extent on public sector spending to support growth.
November 19, 2018Report by Quinlan & Associates suggests potential for digital transformation to deliver 10-15% boost in top-line revenues and 30% reduction in operating costs, with tail clients a key opportunity.
July 9, 2018Proposed changes by the Trump Administration to the Volcker Rule are already controversial. Linking cause and effect to risk management have only resulted in an excessively complex regulation that is proving difficult to reform in a “too big to fail”...
June 11, 2018AML/CTF regulations to be changed; banking regulator says any current absence of address verification will be seen as justified.
October 12, 2017