Siddhant Sahai says a greater focus on inter-bank relationship monitoring and timely sharing of information are needed to truly address financial crime risks.
February 16, 2022New research suggests more meaningful financial crime prevention may be achieved with targeted investments in higher risk areas.
January 26, 2022Wolfsberg Group says the adoption of ISO 20022 enables improved adherence to the group’s own ‘Payments Transparency Principles’.
November 11, 2021The guidance offers clarification on the definition of VASPs, and explains how the FATF standards apply to stablecoins, P2P transactions, NFTs and DeFi.
October 29, 2021The FATF says inconsistent implementation of AML/CFT requirements increases cost, reduces speed, limits access and reduces transparency in cross-border payments.
October 23, 2021Richer data in ISO 20022 messages allow financial institutions to potentially reduce false positives in sanctions screening, SWIFT says.
October 6, 2021Experts discuss regulatory fragmentation, rapid travel rule adoption, and good compliance practices for VASPs.
July 29, 2021A new Refinitiv report has found that Covid-19 substantially increased customer and third-party risks. Yet it also increased focus on ESG and green crime.
July 14, 2021The guidance highlights the need for effective onboarding processes, ongoing monitoring, staff training, risk management, sanctions screening, and a strong compliance culture.
June 30, 2021Bank of China, BNY Mellon, BNP Paribas, Citi, Deutsche Bank and Standard Chartered have confirmed their preparations for the enhanced platform ahead of the November 2022 go-live.
June 29, 2021